1237 Russell St., Berkeley, CA 94702 - 40914657

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

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1237 Russell St., Berkeley, CA 94702
Directions to here from: 155 mi

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 - -

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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

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1237 Russell St. - $2,299,000