4-Unit Multifamily
For Sale
$1,198,000
2433 Haskell St, Berkeley, CA 94702
Four one-bedroom apartments are individually metered for electricity and gas and include surface parking.
Property Size2,352 SF
Price / SF$509.35
Days on Market28
Property Features for 2433 Haskell St
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
C-W
Occupancy
100%
Financials
Asking Price
$1,198,000
Cap Rate
5.38%
Site & Location
Neighborhood
South Berkeley
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Individually Metered Utilities
electric, gas
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$21,589
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 27
Last Checked: Nov 1 at 10:40AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 2,352 square feet, arranged as four apartments of 588 square feet each. Every unit has one bedroom and one bathroom, and the building has four surface parking spaces. Electricity and gas are separately metered. The property is fully occupied, with rents reported at 8% below market; the in-place cap rate is 5.38%, and the pro forma cap rate is 6.13%. It is zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan.
The property is on Haskell Street in Berkeley, along the San Pablo Avenue corridor. Restaurants, cafes, and neighborhood retail are nearby.
The property is on Haskell Street in Berkeley, along the San Pablo Avenue corridor. Restaurants, cafes, and neighborhood retail are nearby.
Key Highlights
- Four 588‑square‑foot apartments, each with one bedroom and one bathroom
- Four surface parking spaces
- Fully occupied; rents are 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
Lease Details
4
Residential units
100%
Occupancy
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments are individually metered for electricity and gas and include surface parking.
Where is this quadplex located?
The property is located at 2433 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 588‑square‑foot apartments, each with one bedroom and one bathroom; Four surface parking spaces; Fully occupied; rents are 8% below market
