2920-2922 Stanton St - Apartments FOR SALE


Berkeley, CA 94702- Southwest Berkeley
$1,195,000 USD
408-909-8629
2920-2922 Stanton St, Berkeley, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/22
null | 6.12% Cap Rate

2920-2922 Stanton St
Berkeley, CA 94702
Southwest Berkeley


HIGHLIGHTS

  • Comprised of Four 1bd/1bth Units at 650 SF Each
  • Amenities Include Shared Laundry and Off Street Parking
  • Separately Metered - Tenants Pay All Utilities (PG&E and Water), Minimizing Owner Expense
  • Two Vacant Garages Available for Rent or Possible ADU Conversion
  • Prime South Berkeley Location - Walker's Paradise Short Walk to UC Berkeley and Downtown Berkeley's Best Coffee Shops, Restaurants and Transportation
  • Perfect Opportunity for Owner Occupant to Relocate Lowest Paying Unit and Significantly Increase Equity

OVERVIEW

2922 Stanton Ave is comprised of four units: four 1- bedroom, 1-bath apartments, each approximately 650 SF. Current tenants cover all utilities, which helps reduce operating expenses for current and future owners. Amenities feature shared laundry facilities and off-street parking, with each unit assigned a designated parking space. Located in a prime area of South Berkeley, the property is just a short walk from the vibrant coffee shops, restaurants, and transportation options of Downtown and South Berkeley.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,002 SF

ZONING

R4, Berkeley

APN/PARCEL ID

053-1619-008-00

ASK ABOUT THIS PROPERTY

Alec MatutPinza GroupMore Info
408-909-8629

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Alec MatutPinza GroupMore Info
408-909-8629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.