1237 Russell St., Berkeley, CA 94702 - 40914657 - iPro Real Estate
iPro Real Estate

iPro Real Estate

1237 Russell St.
Berkeley, CA 94702

Canceled, Multi-Family/Income Sale

For Sale

$2,299,000 $766.33 per sqft

Free Professional CMA

Listing ID : EB40914657

  • Structure / Lot Size

    3,000 Sqft / 0.1100 Acre
  • Year

    1925

Description

Qualified investors are extended the opportunity to acquire an attractive turnkey apartment investment in a strong location with excellent growth prospects. The property consists of 8 studio units. Capital improvements include a new roof, foundation, windows, exterior paint, and landscaping. Three units have been fully renovated with new cabinets, countertops, stainless steel appliances, flooring, bathroom fixtures. Located in the West Berkeley neighborhood, the property is across the street from San Pablo Park, an 11.6-acre open space with ball fields, tennis and basketball courts, and the Albrier Community Center. The immediate neighborhood is an eclectic mix of single-family homes, small apartment buildings, and vibrant retail along San Pablo Avenue. Berkeley Bowl West, Walgreens, and numerous restaurants are easily walkable. It is among the most popular of Berkeley's non-student residential areas. The WalkScore is 87 and BikeScore is 90

Details

Type: Multi-Family/Income Sale 
Subdivision: Berkeley Map Area 1 
County: Alameda 
Tax ID: 53-1664-12
Annual Taxes: $5,790
Building Size: 3,000 SqFt 
Cooling: None 
Flooring: Hardwood, Laminate, Carpet - Partial 
Heating: Gas 
Number of Units: 8 
Property Type: Commercial Sale 
Roof: Rolled Composition 
Sewer: None 
Sub Type: Five or More Units 
Water: Heater - Gas, None 

Show More

Interactive

37.854061 -122.28508 $2,299,000 40914657
1237 Russell St., Berkeley, CA 94702
Directions to here from:

Area Information 94702

Population:

17,631 Up .09% since 2010
Average Income:
$102,940
Average Age:
40Years
Gender:
47.23%Male
52.77%Female
Households:
8,14422.72% with children
Average Value:
$1,209,208
Occupancy:
45.14%Owned
54.86%Rented
5.27%Vacant
Education:
9.82%High School
6.57%Associate
33.61%Bachelor
27.47%Graduate
Average Residency:
19Years
Crime Rate:
Above Average
Annual Rainfall:
21.88Inches
Earthquake Risk:
Very High
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Very Low

History

Date Transaction Price Mortgage Amt & Lender
Date
Feb 25, 2021
Transaction
Canceled - Commercial Multi-Residential (5+ units)EB40914657
Price
$2,299,000
Mortgage Amt & Lender
- -
Date
Jan 27, 2021
Transaction
Canceled - Commercial Multi-Residential (5+ units)MR40925951
Price
$2,149,000
Mortgage Amt & Lender
- -
Date
Mar 02, 2018
Transaction
Sold - Commercial Multi-Residential (5+ units)EB40806806
Price
$1,295,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by RICHARD KNUTSON with RICHARD KNUTSON, BROKER

Based on information from the MLSListings MLS) as of 6/28/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 6/28/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2022 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes