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Shanne Carvalho

shanne@shannecarvalho.com +1(831) 588-2374

Listed by Davide Pio, DRE #01522969 • BCRE

$ 1,600,000

Est. payment -/mo

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2925 Mabel St Berkeley, CA 94702

4 Beds

4 Baths

4,633 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,633 sqft

Price per Sqft $345

MLS Listing ID CC41142511

Bedrooms 4

Year Built 1889

Lot Size 0.295 Acres

Property Sub-Type Five or More Units

Source Contra Costa Association of Realtors

Property Description

Cap Rate - 3.67% (Current) | GRM - 10.98 (Current) Cap Rate - 6.08% (Proforma) | GRM - 9.20 (Proforma) We proudly present 2925 Mabel St in Berkeley, CA for sale. The multifamily asset features seven (7) total units across two separate buildings: a classic Victorian-style residence and a separate fourplex in the rear. The Victorian residence was converted into three (3) units, including a 3 bed / 2 bath and two (2) studios, while the fourplex is comprised of four (4) 1 bed / 1 bath units. A new driveway, new electric subpanels in the Victorian, completed sewer lateral, and SB 721 balcony clearance are some of the recent capital improvements. The property allows for multiple value-add strategies. The Victorian residence - which can be delivered vacant - can be converted back into a single-family home, or there is a potential for a lot split allowing the sale of the two buildings independently. Separate meters for electric and gas, and each building has separate water meters (2 in total). Located in Southwest Berkeley, the property is under one (1) mile from Ashby BART or quick access to Highway 80, allowing easy connections to Oakland, San Francisco, and the surrounding East Bay. A short distance to both UC Berkeley and Emeryville activities, the surrounding area offers an abund

Location

State CA

County Alameda

Area Berkeley Map Area 8

Zoning R3

Interior

Heating Wall Furnace

Cooling Other

Flooring Other

Exterior

Exterior Feature Stucco, Siding - Wood , Wood Frame

Parking Features Parking Area

Garage Spaces 13.0

Roof Type Tar and Gravel,Composition

Building

Lot Description Grade - Level, Regular

Others

Tax ID 53-1623-23

Special Listing Condition New, Not Applicable

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(831) 588-2374

shanne@shannecarvalho.com

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