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Listed by Jatin Mehta • Kite Hill Real Estate
$ 2,500,000
Est. payment /mo
New
2215 Cedar St Berkeley, CA 94709
5 Beds
2 Baths
4,601 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,601 sqft
Price per Sqft $543
MLS Listing ID MR41094858
Bedrooms 5
Originating Board Bridge MLS
Year Built 1901
Lot Size 6,866 Sqft
Property Sub-Type Five or More Units
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. Located at 2215 Cedar Street in the heart of North Berkeley, this property offers an excellent unit mix, consisting of six 1-bedroom units and one spacious 2-bedroom unit. This combination provides a versatile rental opportunity, catering to a range of tenants. Each unit has been extensively renovated, with modern finishes and upgrades that make them highly attractive in today's market. The improvements, which include new siding, a new roof, plumbing, electrical systems, windows, decks, stairs, and tankless water heaters, were all completed with permits, ensuring quality and compliance. The property is fully occupied and currently generates over $17,000 per month in rental income, with significant upside potential. With an estimated 15% to 20% increase in rents, there is ample room for growth in cash flow. Additionally, the property includes 1:1 off-street parking for tenants, providing convenience and ensuring a hassle-free living experience. Onsite coin-operated laundry facilities are available for tenant use, adding extra value and ease to everyday living. Situated just a short walk from UC Berkeley, 2215 Cedar Street offers an A+ location that is highly sought after by students and professionals alike.
Location
State CA
County Alameda
Area Berkeley Map Area 1
Interior
Heating Gas
Cooling None
Flooring Wood
Laundry Laundry Facility - Coin-Op
Exterior
Exterior Feature Stucco
Parking Features Tandem Parking
Garage Spaces 7.0
Building
Lot Description Regular
Sewer Sewer - Public
Others
Tax ID 59-2256-16
Special Listing Condition New, Not Applicable
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