Quadplex with Dedicated
For Sale
$1,198,000
2429 Haskell St, Berkeley, CA 94702
Each apartment has a one-bedroom, one-bath layout, with separate electric and gas meters.
Property Size2,352 SF
Price / SF$509.35
Days on Market9
Property Features for 2429 Haskell St
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Financials
Asking Price
$1,198,000
Cap Rate
5.4%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$20,939
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(650) 391-1700
Listed By:
Eymon Binesh · License #(S):CA:02060059
(650) 546-1030
Source:
Exprealty
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 12 at 9:20PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains four matching apartments, each measuring 588 square feet and configured with one bedroom and one bathroom. All units are occupied, and four surface parking spaces are included. Electric and gas are individually metered for each apartment.
Current rents are stated to be 8% below market. The property has a 5.40% in-place cap rate and a 6.17% pro forma cap rate. It is located in Berkeley’s West Berkeley Corridor, along the San Pablo Avenue corridor, with UC Berkeley, regional transportation, retail, and dining noted nearby.
Current rents are stated to be 8% below market. The property has a 5.40% in-place cap rate and a 6.17% pro forma cap rate. It is located in Berkeley’s West Berkeley Corridor, along the San Pablo Avenue corridor, with UC Berkeley, regional transportation, retail, and dining noted nearby.
Key Highlights
- Four apartments, each 588 square feet with one bedroom and one bathroom
- Four dedicated surface parking spaces
- All four units occupied; rents stated to be 8% below market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,379
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,580
$1.1M
Cap Rate 7%
$762,557
$762.6K
Cap Rate 9%
$593,100
$593.1K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$80.4K $34.20/SF
− Vacancy
−$4.2K −$1.78/SF
EGI
$76.3K $32.42/SF
− OpEx
−$22.9K −$9.73/SF
NOI
$53.4K $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%
$1,067,580
Cap Rate 7%
$762,557
Cap Rate 9%
$593,100
Alternative Uses
Best Use
Multifamily LT 5
$762.6K
$667.2K – $889.7K
NOI $53,379 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$667.8K
$584.4K – $779.1K
NOI $46,748 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$909.6K
$795.9K – $1.06M
NOI $63,673 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,587
Businesses Nearby
Explore this area
Business Placement
Demographics for 94702, CA
17,637
Population
8,209
Households
2.1
Avg Household Size
39
Median Age
65%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
13,567
Density / Sq Mi
$99,135
Median Household Income
$66,516
Median Earnings
$1,974
Median Rent
$1,168,200
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 - Each apartment has a one-bedroom, one-bath layout, with separate electric and gas meters.
Where is this quadplex located?
The property is located at 2429 Haskell St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Four apartments, each 588 square feet with one bedroom and one bathroom; Four dedicated surface parking spaces; All four units occupied; rents stated to be 8% below market
