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    1614 Russell St, Unit BERKELEY Berkeley, CA 94703

    For Sale
    $1,195,000

    Five vacant units near Ashby BART, ideal for value-add investors.

    Property size:
    3,017 SF

    Property Features for 1614 Russell St

    General Information

    Standard status
    Active
    Size
    3,017 SF

    Building Details

    Year built
    1905

    Source: THE PINZA GROUP, INC Agent STEVEN PINZA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Berkeley Multifamily Investment Opportunity

    This multifamily property, located in South Berkeley, features five units delivered fully vacant. The unit mix includes two 2-bedroom, 1-bathroom units and three 1-bedroom, 1-bathroom units. Situated on a 6,992 square foot lot, the property is within walking distance of restaurants, cafes, and the Ashby BART station. With 3,017 square feet of living space, this property presents an opportunity for value-add investors to capture upside potential. The property is positioned for stabilization and refinance as interest rates potentially decrease. There is also the possibility of adding multiple Accessory Dwelling Units (ADUs).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2765387
    Latitude
    37.8550869

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    FAQs

    What type of property is this?
    Apartment building - Five vacant units near Ashby BART, ideal for value-add investors.
    Where is this apartment building located?
    The property is located at 1614 Russell St, Unit BERKELEY Berkeley, CA.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - Five fully vacant units offer immediate rental income potential.; - Prime South Berkeley location, walk to restaurants, cafes, and Ashby BART.; - High stabilized cash flow potential, ideal for stabilization and refinance.
    (510) 725-4775
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1614 Russell St, Unit BERKELEY Berkeley, CA 94703
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