Four-Unit
For Sale
$1,995,000
Pending
2713 Ridge Rd, Berkeley, CA 94709
Residential Income, Berkeley, CA
Property Size3,336 SF
Lot Size0.13 Acres
Days on Market32
Property Features for 2713 Ridge Rd
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-3H
Bedrooms
10
Rooms
Bedroom 3, Bedroom 5, Bedroom 9, Basement, Bedroom 1, Bedroom 10, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 6
Exterior features
Back Yard
Subdivision
NORTHSIDE
Lot features
Paved
Standard status
Pending
APN
5822046
Size
3,336 SF
Lot size
0.13 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
garage
basement storage rooms
partial bay views
Building Details
Year built
1943
Flooring type
Tile, Vinyl
Building materials
Frame, Wood Shingles
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Added: Aug 4
Changed: Sep 2
Last Checked: Sep 4 at 8:06PM
MLS# 41143871
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,336 SF quadplex contains four vacant residences: two 2BR/1BA units and two 3BR/1BA units, totaling 10 bedrooms. Constructed in 1943 on a 5,500 SF lot, the property includes a garage and basement storage rooms. Recent work includes a new roof, front stairwell reconstruction, siding repair and paint, new windows, plumbing upgrades, new electrical panels, and sewer lateral replacement.
The property is located at 2713 Ridge Road in Berkeley’s Northside, one block from UC Berkeley and minutes from the Euclid Avenue corridor. It carries R-3H zoning and has a 0.1263-acre lot. Gas and electricity are separately metered. Parking includes the garage and three permitted street spaces, while the garage level offers additional possibilities for parking or ADU exploration subject to city approval. Partial bay views are also noted.
The property is located at 2713 Ridge Road in Berkeley’s Northside, one block from UC Berkeley and minutes from the Euclid Avenue corridor. It carries R-3H zoning and has a 0.1263-acre lot. Gas and electricity are separately metered. Parking includes the garage and three permitted street spaces, while the garage level offers additional possibilities for parking or ADU exploration subject to city approval. Partial bay views are also noted.
Key Highlights
- Four vacant units with 10 bedrooms: two 2BR/1BA and two 3BR/1BA layouts
- 3,336 SF quadplex on a 5,500 SF lot, built in 1943
- One block from UC Berkeley in Berkeley’s Northside
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,711
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,514,220
$1.5M
Cap Rate 7%
$1,081,586
$1.1M
Cap Rate 9%
$841,233
$841.2K
Market Conditions
NOI Build-Up for 3,336 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$114.1K $34.20/SF
− Vacancy
−$5.9K −$1.78/SF
EGI
$108.2K $32.42/SF
− OpEx
−$32.4K −$9.73/SF
NOI
$75.7K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,514,220
Cap Rate 7%
$1,081,586
Cap Rate 9%
$841,233
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$946.4K – $1.26M
NOI $75,711 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$947.2K
$828.8K – $1.11M
NOI $66,306 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,312 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,800
Businesses Nearby
Explore this area
Business Placement
Demographics for 94709, CA
12,514
Population
6,139
Households
2
Avg Household Size
29
Median Age
80%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
17,877
Density / Sq Mi
$95,223
Median Household Income
$42,958
Median Earnings
$1,988
Median Rent
$1,240,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Vacant residences offer two- and three-bedroom layouts with separately metered gas and electricity.
Where is this quadplex located?
The property is located at 2713 Ridge Rd Berkeley, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Four vacant units with 10 bedrooms: two 2BR/1BA and two 3BR/1BA layouts; 3,336 SF quadplex on a 5,500 SF lot, built in 1943; One block from UC Berkeley in Berkeley’s Northside
