Two-Unit Residential
1708 Russell St, Berkeley, CA 94703
For Sale
New
$928,000
Separate PG&E and water meters serve the two residences, with covered carport parking on site.
Property Size2,178 SF
Price / SF$426.08
Days on Market2
Property Features for 1708 Russell St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
laundry room
storage closets
Building Details
Year Built
Buildings
Listing Agency:
New Horizon Real Estate
Listed By:
Alice Chan · License CA #01862297
(510) 245-7200
Source:
Pebblebeachproperties
Added: Nov 12
Last Checked: Nov 12 at 2:18PM
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 New Horizon Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1963, this Berkeley duplex contains two residences with distinct layouts: a ground-floor home with 2 bedrooms and 1 bathroom, and an upper-level home with 3 bedrooms and 2 bathrooms. A separate laundry room and storage closets serve the property, while two covered carport spaces provide on-site parking. PG&E and water are separately metered for each unit.
The property is near Kaiser Permanente, Berkeley Bowl, Ashby BART Station, and local shopping and dining. Its two-unit configuration combines a range of bedroom counts with shared laundry and storage amenities.
The property is near Kaiser Permanente, Berkeley Bowl, Ashby BART Station, and local shopping and dining. Its two-unit configuration combines a range of bedroom counts with shared laundry and storage amenities.
Key Highlights
- Two residences: ground floor has 2 bedrooms and 1 bathroom; upper level has 3 bedrooms and 2 bathrooms
- Two covered carport parking spaces
- Separate PG&E and water meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,430
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,600
$988.6K
Cap Rate 7%
$706,143
$706.1K
Cap Rate 9%
$549,222
$549.2K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$74.5K $34.20/SF
− Vacancy
−$3.9K −$1.78/SF
EGI
$70.6K $32.42/SF
− OpEx
−$21.2K −$9.73/SF
NOI
$49.4K $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%
$988,600
Cap Rate 7%
$706,143
Cap Rate 9%
$549,222
Alternative Uses
Best Use
Multifamily LT 5
$706.1K
$617.9K – $823.8K
NOI $49,430 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$618.4K
$541.1K – $721.5K
NOI $43,290 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$842.3K
$737.0K – $982.7K
NOI $58,963 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,259
Businesses Nearby
Explore this area
Business Placement
Demographics for 94703, CA
20,805
Population
9,654
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
16,004
Density / Sq Mi
$108,922
Median Household Income
$66,261
Median Earnings
$2,257
Median Rent
$1,273,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Berkeley, CA
Properties on Market for Duplexes in Berkeley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate PG&E and water meters serve the two residences, with covered carport parking on site.
Where is this duplex located?
The property is located at 1708 Russell St Berkeley, CA.
What is the asking price?
The asking price for this property is $928,000.
What are key features of this property?
This property features: Two residences: ground floor has 2 bedrooms and 1 bathroom; upper level has 3 bedrooms and 2 bathrooms; Two covered carport parking spaces; Separate PG&E and water meters
