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2433 San Pablo Avenue, Berkeley, CA 94702

Berkeley
Local realty services provided by:CENTURY 21 Adams & Barnes
2433 San Pablo Avenue,Berkeley, CA 94702
$1,198,000
  • - Beds
  • - Baths
  • 2,352 sq. ft.
  • Multi-family
  • Active
Listed by: eymon binesh
Office: marcus & millichap650-391-1700
MLS#:ML82063627
Source:CRMLS

Price summary

  • Price:$1,198,000
  • Price per sq. ft.:$509.35

About this home

Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets....

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Home facts

  • Year built:1942
  • Listing ID #:ML82063627
  • Added:2 day(s) ago
  • Updated:October 08, 2026 at 11:26 AM

Rooms and interior

  • Living area:2,352 sq. ft.

Structure and exterior

  • Year built:1942
  • Building area:2,352 sq. ft.
  • Lot area:0.13 Acres
  • Foundation Description:Concrete Perimenter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,198,000
  • Price per sq. ft.:$509.35
  • Tax amount:$21,589

Parking

  • Total parking spaces:4
  • Parking description:Off Street
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