For both investors and those looking to occupy one unit while renting out the others, this triplex presents an attractive investment opportunity with its upside potential for strong positive cashflow in the highly desirable Westbrae neighborhood of Berkeley. Three side by side 1bd/1ba units each with a private courtyard in front and bonus space on both sides. Double wide driveway for 2 off-street parking spots. Held long-term by one family for generations, the building has impressive potential to be a lucrative investment with a projected gross annual income of approximately $85,000 based on current fair market rent yielding a Cap Rate of 7.3%. Unit 1119 will be delivered vacant allowing the option of owner-occupant financing; Units 1117 & 1115 are occupied by long-term tenants.
Sold for $725,000 on 05/29/24
$725,000
1115 Harrison St, Berkeley, CA 94706
3beds
3baths
2,040sqft
Triplex
Built in 1946
-- sqft lot
$713,000 Zestimate®
$355/sqft
$4,992 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 29, 2024 at 01:05pm
Listed by:
Mikayla Weissman DRE #02023006 510-332-4378,
Avenue 8 Inc.,
Jeff Weissman DRE #01882272 510-303-5903,
Avenue 8 Inc.
Bought with:
John Vander Meulen, DRE #00842213
RE/MAX Accord
Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41061300
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Wall Furnace
Cooling
- No Air Conditioning
Appliances
- Included: Dryer, Washer
Features
- Flooring: Linoleum, Carpet
- Basement: None
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
Property
Parking
- Parking features: Off Street
Features
- Exterior features: Side Yard
- Fencing: Fenced
Lot
- Size: 5,227 sqft
Details
- Parcel number: 60241042
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Stucco
Condition
- Year built: 1946
Community & neighborhood
Location
- Region: Berkeley
Other
Other facts
- Listing terms: All Inclusive
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Estimated market value
$713,000