Two-Unit Duplex with Garage
For Sale
$1,250,000
2817 Palm Ct, Berkeley, CA 94705
Berkeley duplex with separate addresses and dedicated garage space for each residence.
Property Size2,326 SF
Lot Size0.10 Acres
Price / SF$525.21
Days on Market224
Property Features for 2817 Palm Ct
General Information
Standard status
Active
Size
2,326 SF
Total Parking Spaces
2
Lot size
0.10 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Public Transit
Yes
Building Details
Building Size
2,326 SF
Year Built
1951
Listing Agency:
SOTHEBY'S INTERNATIONAL REALTY INC
Listed By:
Devang Parikh
(415) 812-3777
Source:
Annnewtoncane
Added: Feb 25
Changed: Oct 6
Last Checked: Oct 5 at 11:50PM
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 SOTHEBY'S INTERNATIONAL REALTY INC
Investment Insights
Based on property information with market context.
This Berkeley duplex contains two residences, each configured with two bedrooms and one bathroom. The units have separate addresses, and each residence is assigned dedicated garage parking. The property includes approximately 2,380 total square feet on an approximately 4,140 square foot lot and was built in 1951.
The home is in the Elmwood area near College Avenue, local shops, cafes, restaurants, UC Berkeley, Alta Bates, parks, and BART. A Walk Score of 91 reflects the area's pedestrian-oriented setting. The property is located in the 94705 ZIP code.
The home is in the Elmwood area near College Avenue, local shops, cafes, restaurants, UC Berkeley, Alta Bates, parks, and BART. A Walk Score of 91 reflects the area's pedestrian-oriented setting. The property is located in the 94705 ZIP code.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Separate addresses for the two units
- Two dedicated garage parking spaces, one assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,014
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,280
$1.1M
Cap Rate 7%
$771,629
$771.6K
Cap Rate 9%
$600,156
$600.2K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$81.4K $34.20/SF
− Vacancy
−$4.2K −$1.78/SF
EGI
$77.2K $32.42/SF
− OpEx
−$23.1K −$9.73/SF
NOI
$54.0K $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%
$1,080,280
Cap Rate 7%
$771,629
Cap Rate 9%
$600,156
Alternative Uses
Best Use
Multifamily LT 5
$771.6K
$675.2K – $900.2K
NOI $54,014 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$675.8K
$591.3K – $788.4K
NOI $47,305 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$920.4K
$805.4K – $1.07M
NOI $64,431 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 94705, CA
13,591
Population
6,335
Households
2.1
Avg Household Size
42
Median Age
79%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
3,997
Density / Sq Mi
$163,254
Median Household Income
$75,864
Median Earnings
$2,330
Median Rent
$1,892,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Berkeley duplex with separate addresses and dedicated garage space for each residence.
Where is this duplex located?
The property is located at 2817 Palm Ct Berkeley, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Separate addresses for the two units; Two dedicated garage parking spaces, one assigned to each unit
