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Key Details
Sold Price $3,600,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,297 sqft
Price per Sqft $493
MLS Listing ID 424011528
Sold Date 06/13/24
Bedrooms 18
Full Baths 4
HOA Y/N No
Year Built 1962
Lot Size 6,751 Sqft
Acres 0.155
Property Description
Back on the market at a 6.00% Cap Rate. 2425 Grant St is a 10 unit apartment building in central Berkeley, just a few blocks from Downtown Berkeley & under 1 mile from UC Berkeley, the #1 public university in the world. the property features 1 studio, and 9 2-bedroom units. 2 units feature private backyards & 1 unit is a tomehome style unit. 9 units have been updated with contemporary finishes. The units are individually metered for water/sewer, gas and electric, leaving few operating expenses for the seller to pay for. The property has undergone significant exterior capital improvements including a seismic retrofit (2015), sewer lateral compliance (2014), new exterior paint (2023) and new landscaping (2023). The property features 9 parking spaces, and on-site, coin-operated laundry facility and a large owner's storage room. Residents of the property are steps from Downtown Berkeley, under 1 mile to the UC Berkeley Campus and proximate to the Southside, South & North Berkeley neighborhoods making this an ideal housing option for students, young professionals and families alike. The property features an 83 Walk Score and a 95 Bike Score in addition to having easy access to several modes of public transportation including BART and AC Transit Bus lines.
Location
State CA
County Alameda
Area Berkeley Map Area 7
Interior
Heating Wall Furnace
Flooring Tile, Wood
Fireplace No
Window Features Double Pane Windows,Varies by Unit
Appliance Dishwasher, Disposal, Electric Cooktop, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Refrigerator, Gas Water Heater, Microwave, Varies By Unit
Laundry Coin Operated, Common Area
Exterior
Exterior Feature Yard Space
Total Parking Spaces 9
Building
Lot Description Shape Regular, Other
Sewer Public Sewer
Water Separate Meter, Public
Level or Stories Three Or More
New Construction Yes
Others
Tax ID 0551903023
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Rebecca Brooks
San Francisco Bay Area Team Leader | License ID: 1249870
San Francisco Bay Area Team Leader License ID: 1249870