Fourplex Portfolio with Dedicated
1207 University Ave Berkeley, CA 94702
1207 University Ave, Berkeley, CA, 94702
$8,195,000
For Sale
$8,195,000
Seven separately metered fourplexes with renovated units and dedicated parking for each unit.
Property Size16,464 SF
Price / SF$497.75
Days on Market27
Property Features for 1207 University Ave
General Information
- Standard status
- Active
- Size
- 16,464 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1943
Listing agency
The Pinza Group, Inc
(510) 788-6045
Listed by
Steven Pinza · License #01867691
(510) 788-6045
Source
Exitrealty
Added: Jun 27 Updated: Jul 22 at 3:59PM Checked: Jul 22 at 3:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Pinza Group, Inc
Investment Insights
Based on property information with market context.
The property consists of seven fourplex buildings, each with a separate APN. Across the portfolio, 19 units have been renovated with brand-new kitchens, bathrooms, appliances, and in-unit washer/dryer. The buildings are separately metered for PG&E and water.
Located along University Avenue, the Sequoia provides direct access to UCB.
Parking is addressed at the unit level, with a total of 20 garage spaces and 28 assigned surface spaces, for dedicated parking across the units.
Located along University Avenue, the Sequoia provides direct access to UCB.
Parking is addressed at the unit level, with a total of 20 garage spaces and 28 assigned surface spaces, for dedicated parking across the units.
Key Highlights
- Year built 1943: seven fourplexes, each with a separate APN
- 19 units already renovated with brand‑new kitchens, bathrooms, appliances, and in‑unit W/D
- Separately metered for PG&E and water
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $563.1k | $34.20 |
| − Vacancy | −$29.3k | −$1.78 |
| EGI | $533.8k | $32.42 |
| − OpEx | −$160.1k | −$9.73 |
| NOI | $373.7k | $22.70 |
16,464 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$5.34M
$4.67M – $6.23M
NOI $373,652 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$4.67M
$4.09M – $5.45M
NOI $327,237 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$6.37M
$5.57M – $7.43M
NOI $445,713 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Sequoia
Apartment Complex
Charlotte Carpet Cleaning ...
Carpet Cleaning Service
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FAQs
What type of property is this?
Quadplex - Seven separately metered fourplexes with renovated units and dedicated parking for each unit.
Where is this quadplex located?
The property is located at 1207 University Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $8,195,000.
What are key features of this property?
This property features: Year built 1943: seven fourplexes, each with a separate APN; 19 units already renovated with brand‑new kitchens, bathrooms, appliances, and in‑unit W/D; Separately metered for PG&E and water
