• Listing Price: $1,600,000
• This Investments Opportunity Features Four (4) Total Units Comprised of Spacious 2bd/1bth Apartments that are Approximately 1,000 SF Each
• Each Unit is Separately Metered for Gas, Electricity, and Water - Keeping Owner Expenses to a Minimum
• Each Unit is Delivered Vacant and can be Renovated and Rented at Market Rate, Providing a Huge Value-Add Opportunity for Investors!
• Strong Potential for Rental Income Growth and Appreciation, Given the Property's Desirable Location and Scarcity of Similar Offerings in the Area
• Incredible Investment for Owner Occupant, Long Term Rental, Short Term Rental, or Student Housing Provider
• Prime Berkeley Location - Short Walk to UC Berkeley and Downtown Berkeley's Best Coffee Shops, Restaurants and Transportation Options
• Excellent Seller Financing Terms Available to Minimize Acquisition and Stabilization Costs for Qualified Investors
OFFERING SUMMARY
COUNTY: Alameda
BUILDING SF: 4,016 SF
LAND SF: 4,894 SF
LAND ACRES: 0.11
NUMBER OF UNITS: 4
YEAR BUILT: 1926
APN: 058-2181-023
OWNERSHIP TYPE: Fee Simple
FINANCIAL SUMMARY
PRICE: $1,600,000
PRICE PSF: $398.41
PRICE PER UNIT: $400,000
OCCUPANCY: 100.00 %
NOI (CURRENT): $128,065
NOI (PRO FORMA): $128,065
CAP RATE (CURRENT): 8.00 %
CAP RATE (PRO FORMA): 8.00 %
GRM (CURRENT): 9.82
GRM (PRO FORMA): 9.82
Property Overview
• The Pinza Group is pleased to present 1803 Oxford St in Berkeley, CA. This property features four (4) total units comprised of spacious 2bd/1bth apartments that are approximately 1,000 SF each. Each unit is separately metered for gas, electricity, and water, keeping owner expenses to a minimum. All units are delivered vacant and can be renovated and rented at the market rate, providing a huge value-add opportunity for investors. There is strong potential for rental income growth and appreciation, given the property’s desirable location and scarcity of similar offerings in the area. This is an incredible investment for an owner-occupant, long-term rental, short-term rental, or student housing provider. Situated in a prime Berkeley location, it is a short walk to UC Berkeley and Downtown Berkeley’s best coffee shops, restaurants, and transportation options. This is an incredible opportunity where qualified investors can take advantage of excellent seller financing terms to minimize the cost of acquisition and stabilization. Deferred maintenance may include but is not limited to roof, plumbing, electrical, dry rot, seismic, etc. as outlined in the inpsection reports and disclosures.
Location Overview
• North Berkeley is one of the most sought-after neighborhoods in East Bay, located along the northern border of the University of California, Berkeley. Renters with fur babies will enjoy the proximity to various parks, including Live Oak Park and Ohlone Dog Park. The neighborhood is a hub for entertainment and gourmet dining, boasting a myriad of eateries that cater to diverse taste palates. North Berkeley is also home to the Berkeley Art Center, a focal point for artistic exploration and community building. Positioned just north of Downtown Berkeley, six miles north of Downtown Oakland, and 14 miles northwest of San Francisco, North Berkeley offers an easy commute to these vibrant cities.
Feel free to contact us for more details!
The Pinza Group, Inc. (DRE: 01941229)