$2,410,000 Price Analysis    ♡   Berkeley, CA 94704 10 bed 0 bath 3,281 SqFt ($734/SqFt) 4,000SqFt lot. Built 1906 Listed 2024-05-08, Taxes $19,882 | Ⓧ USDA Ineligible due to price & location near Berkeley |
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* No Longer For Sale *
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Discover an exceptional investment opportunity at 2209-2211 Haste, a recently renovated duplex in the heart of Southside Berkeley 2 blocks to campus. With a strong in-place income, this property offers an attractive combination of reliable returns, attractive metrics and substantial upside potential. This property gnerates $15, 800/month, resulting in an impressive annual income of $189, 600, ensuring a steady and consistent cash flow. Priced at a competitive 10.88 Gross Rent Multiplier (GRM) and a 6.01% Cap Rate, it immediately delivers value for savvy investors.
Additionally the property offers significant upside 25% growth in rents and comes with plans for a 2 bed, 1 bath ADU. (Permit expired buyer needs to resubmit the previously approved plans for a new permit.) Tailored for the student rental market, 2209-2211 Haste offers a total of 10 bedrooms and 5 bathrooms, including a roomy 7-bedroom, 3-bathroom layout and a comfortable 3-bedroom, 2-bathroom unit. This versatility caters to the diverse needs of the student population. The property's prime location steps from the University of Ca lifornia Berkeley, with remarkable walk, transit and bike scores.
Presented by Jatin Mehta at
Pellego.
Property MLS #41058871 from bridgeMLS
Flooring: Wood
Heating Features: Natural Gas
Heating: Yes
Lot Size Acres: 0.0918274
Lot Size Square Feet: 4000
County: Alameda
Directions: google maps
Source Property Type: Residential Income
Parcel Number: 055 188801700
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $659,068 + $234,974 $894,042 | $19,882 |
| 2021 | $646,146 + $230,368 $876,514 | $18,498 |
| 2020 | $639,524 + $228,006 $867,530 | $17,428 |
| 2019 | $626,988 + $223,537 $850,525 | $17,112 |
| 2018 | $511,363 + $219,155 $730,518 | $14,610 |
| 2017 | $501,336 + $214,858 $716,194 | $13,286 |
| 2016 | $491,508 + $210,646 $702,154 | $12,774 |
| 2015 | $484,128 + $207,483 $691,611 | $12,751 |
| 2014 | $474,645 + $203,419 $678,064 | $12,059 |
| 2013 | $472,500 + $202,500 $675,000 | $11,964 |
| 2012 | $18,934 + $63,831 $82,765 | $4,310 |
| 2010 | $18,563 + $62,579 $81,142 | $4,126 |
| 2009 | $18,424 + $62,112 $80,536 | $4,109 |
| 2008 | $18,106 + $61,039 $79,145 | $3,706 |
| 2007 | $17,751 + $59,842 $77,593 | $3,577 |
$2,410,000
bridgeMLS
Listed 2024-05-08
$2,125,000
bridgeMLS
Sold 2012-11-26
$675,000
Public Record
Year Built: 1906
Building Area Source: Public Records
Building Area Total: 3281
Building Area Units: Square Feet
Construction Materials: Wood
Living Area Units: Square Feet
Property Age: 118
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.