ON THE MARKET FOR THE FIRST TIME OVER 20 YEARS! Tremendous opportunity to own an investment property in desirable Claremont Elmwood area. Claremont Hotel and Club is a few blocks away. Alta Bates Hospital is one block away. Restaurants and shops on College Ave is within walking distance. Great location: Within one mile from Rockridge and Ashby BART, Berkeley Bowl, Whole Foods, and UC Berkeley Campus. Significant upside on rents. All rents are below market. Buyout opportunity to make this building the primary residence.
Off market
Zestimate®
$1,994,400
2924 Florence St, Berkeley, CA 94705
8beds
4baths
3,598sqft
MultiFamily
Built in 1928
-- sqft lot
$1,994,400 Zestimate®
$554/sqft
$5,271 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Gas
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Carpet, Hardwood
Interior area
- Total interior livable area: 3,598 sqft
Property
Parking
- Total spaces: 2
Features
- Exterior features: Stucco
Lot
- Size: 5,980 sqft
- Features: Level
Details
- Parcel number: 5215727
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
Condition
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Berkeley
HOA & financial
Other financial information
- Total actual rent: 598663
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Flooring: Carpet, Hardwood
- Roof: Unknown
- Heating: Gas
- HeatingYN: true
- NumberOfUnitsTotal: 4
- ConstructionMaterials: Stucco
- LeaseTerm: 12 Months, Month To Month
- LotFeatures: Level
- ExteriorFeatures: Side Yard
- TenantPays: Electricity, Gas
- GrossScheduledIncome: 120000
- VacancyAllowance: 0
- Cooling: No Air Conditioning
- ParkingFeatures: Side Yard Access
- MaintenanceExpense: 1218
- ProfessionalManagementExpense: 2000
- MlsStatus: Active
- GrossIncome: 70941
- InsuranceExpense: 1549
- NetOperatingIncome: 51721
- OperatingExpense: 19219
- TotalActualRent: 598663
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Estimated market value
$1,994,400