Motivated Seller with Reduced Pricing at a Starting CAP over 5%. A Must See Turn Key Asset. Single lot with Duplex + Triplex. Excellent unit mix with bright, spacious units. Very little Management will be required going forward. Virtually new Duplex construction with upgrades from the foundation to the roof. Four of Five units have been extensively renovated. Upgrades include instant hot water heaters, dishwashers in the renovated kitchens, new bathrooms and in-unit washer and dryer installed. New electrical, plumbing and high-end finishes were incorporated in the interiors and exterior renovations include new roofs, windows, siding, paint, hardscape and landscape. Great long term investment, well below replacement cost, with 4 of 5 units close to market rate rents in desirable Berkeley neighborhood. Property is located half a mile from Ashby BART for very easy transportation. Tours scheduled - Showing 8/28 and 8/29 from 12-1pm. Please call or email agent for details.
Off market
Street View
Zestimate®
$1,079,500
1538 63rd St, Berkeley, CA 94703
11beds
6baths
--sqft
MultiFamily
Built in 1897
-- sqft lot
$1,079,500 Zestimate®
$--/sqft
$2,907 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
Heating
- Forced air, Wall
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Washer
- Laundry: In Unit, Other
Features
- Updated Baths, Updated Kitchen
- Flooring: Other
- Windows: Double Pane Windows
- Basement: Other
Property
Parking
- Total spaces: 4
Features
- Patio & porch: Balcony/Patio
- Exterior features: Other, Stucco
Lot
- Size: 6,751 sqft
- Features: Level, Other
Details
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1897
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Other
Community & neighborhood
Location
- Region: Berkeley
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- Roof: Other, Composition Shingles, Rolled Composition
- Appliances: Dishwasher, Dryer, Washer, Tankless Water Heater
- HeatingYN: true
- CoolingYN: true
- ConstructionMaterials: Other, Stucco
- NumberOfUnitsTotal: 5
- WindowFeatures: Double Pane Windows
- LotFeatures: Level, Other
- OperatingExpenseIncludes: Other
- ParkingFeatures: Covered, Parking Area
- MaintenanceExpense: 0
- Cooling: Other
- ExteriorFeatures: Garden, Other, Lawn Sprinkler
- TenantPays: Electricity, Gas, Other
- Flooring: Other
- Basement: Other
- View: Other
- Heating: Wall Furnace, Forced Air 1 Zone
- OtherEquipment: Other
- InsuranceExpense: 0
- LaundryFeatures: In Unit, Other
- GrossScheduledIncome: 0
- TotalActualRent: 0
- ProfessionalManagementExpense: 0
- GreenEnergyEfficient: Other
- VacancyAllowance: 0
- InteriorFeatures: Updated Baths, Updated Kitchen
- PatioAndPorchFeatures: Balcony/Patio
- GrossIncome: 176686
- NetOperatingIncome: 113735
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Estimated market value
$1,079,500