Quadplex with Heat
New
For Sale
$1,995,000
2713 Ridge Rd, Berkeley, CA 94709
Four-unit residential income property with electric heat-pump service and in-unit dishwasher and disposal features.
Property Size3,336 SF
Price / SF$598.02
Days on Market2
Property Features for 2713 Ridge Rd
General Information
Standard status
Active
Size
3,336 SF
Property subtype
Residential Income
Zoning
R-3H
Amenities
Heat Pump
Electric
Dishwasher, Disposal
Attached
Building Details
Building Size
3,336 SF
Year Built
1943
Listing Agency:
Keller Williams Realty Walnut Creek
(510) 592-5554
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Source:
Evrealestate
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 12:56PM
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
Investment Insights
Based on property information with market context.
Built in 1943, this Berkeley quadplex contains 3,336 square feet and is classified under R-3H zoning. The property includes electric heat-pump service, along with dishwasher and disposal features. An attached exterior feature is also noted.
Located at 2713 Ridge Rd in Berkeley, California, the property is in Alameda County. Access is provided from Oxford St via Hearst Ave, Highland Pl, and Ridge Rd.
Located at 2713 Ridge Rd in Berkeley, California, the property is in Alameda County. Access is provided from Oxford St via Hearst Ave, Highland Pl, and Ridge Rd.
Key Highlights
- Quadplex with 3,336 square feet
- R‑3H zoning designation
- Built in 1943
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,711
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,514,220
$1.5M
Cap Rate 7%
$1,081,586
$1.1M
Cap Rate 9%
$841,233
$841.2K
Market Conditions
NOI Build-Up for 3,336 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$114.1K $34.20/SF
− Vacancy
−$5.9K −$1.78/SF
EGI
$108.2K $32.42/SF
− OpEx
−$32.4K −$9.73/SF
NOI
$75.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,514,220
Cap Rate 7%
$1,081,586
Cap Rate 9%
$841,233
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$946.4K – $1.26M
NOI $75,711 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$947.2K
$828.8K – $1.11M
NOI $66,306 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,312 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,800
Businesses Nearby
Explore this area
Business Placement
Demographics for 94709, CA
12,514
Population
6,139
Households
2
Avg Household Size
29
Median Age
80%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
17,877
Density / Sq Mi
$95,223
Median Household Income
$42,958
Median Earnings
$1,988
Median Rent
$1,240,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with electric heat-pump service and in-unit dishwasher and disposal features.
Where is this quadplex located?
The property is located at 2713 Ridge Rd Berkeley, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Quadplex with 3,336 square feet; R‑3H zoning designation; Built in 1943
