Triplex with
New
For Sale
$1,250,000
1571 Scenic Ave, Berkeley, CA 94708
Three-unit residence with a garden, balcony, and off-street parking.
Property Size3,230 SF
Price / SF$386
Days on Market4
Property Features for 1571 Scenic Ave
General Information
Standard status
Active
Size
3,230 SF
Property subtype
Residential Income
Zoning
R-1H
Amenities
Electric, Forced Air, Natural Gas, Fireplace(s)
Dryer, Washer, Gas Water Heater
Off Street
Garden, Balcony
Building Details
Building Size
3,230 SF
Year Built
1924
Listing Agency:
Keller Williams Realty Walnut Creek
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Source:
Evrealestate
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 6:35AM
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 Keller Williams Realty Walnut Creek
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Investment Insights
Based on property information with market context.
This Berkeley triplex contains 3,230 square feet and was built in 1924. Exterior features include a garden, balcony, and off-street parking. The property is zoned R-1H.
Key Highlights
- 3,230‑square‑foot triplex
- Built in 1924
- R‑1H zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,305
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,100
$1.5M
Cap Rate 7%
$1,047,214
$1.0M
Cap Rate 9%
$814,500
$814.5K
Market Conditions
NOI Build-Up for 3,230 SF
Gross rent
$110.5K $34.20/SF
− Vacancy
−$5.7K −$1.78/SF
EGI
$104.7K $32.42/SF
− OpEx
−$31.4K −$9.73/SF
NOI
$73.3K $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 Rate 5%
$1,466,100
Cap Rate 7%
$1,047,214
Cap Rate 9%
$814,500
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$916.3K – $1.22M
NOI $73,305 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$917.1K
$802.5K – $1.07M
NOI $64,199 @ 7.0% cap · market cap 5.14%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,443 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,041
Businesses Nearby
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Business Placement
Demographics for 94708, CA
11,553
Population
5,048
Households
2.3
Avg Household Size
51
Median Age
88%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
3,501
Density / Sq Mi
$229,004
Median Household Income
$104,449
Median Earnings
$2,926
Median Rent
$1,517,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residence with a garden, balcony, and off-street parking.
Where is this triplex located?
The property is located at 1571 Scenic Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,230‑square‑foot triplex; Built in 1924; R‑1H zoning
