Triplex with Vacant Upper
3048 Halcyon Ct, Berkeley, CA 94705
For Sale
$1,148,000
Berkeley income property with original hardwood floors, updated bathrooms, and abundant natural light throughout.
Property Size2,753 SF
Price / SF$416
Days on Market59
Property Features for 3048 Halcyon Ct
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
The GRUBB Company
(510) 339-0400
Listed By:
Tiffany Lefour · License #02017456
(510) 912-6310
Source:
Exitrealty
Added: Sep 12
Changed: Nov 3
Last Checked: Nov 3 at 5:17AM
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 The GRUBB Company
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Investment Insights
Based on property information with market context.
Built in 1922, this Berkeley triplex contains a 2/1 apartment, a 1/1 apartment currently offered vacant, and a spacious studio. Original hardwood flooring, updated bathrooms, and numerous windows are featured across the units. The property measures 2,753 square feet and includes an upper-level residence with strong natural light.
Located at 3048 Halcyon Ct, the property is across from Halcyon Commons mini park and positioned between Shattuck, Ashby, and Telegraph Avenues, with College Avenue a few blocks away. Berkeley Bowl, Whole Foods, local restaurants, bars, and cafes are nearby. Ashby BART is less than a mile away, while the property also offers access to multiple public transit routes and an 8-minute bicycle trip to UC Berkeley campus.
Located at 3048 Halcyon Ct, the property is across from Halcyon Commons mini park and positioned between Shattuck, Ashby, and Telegraph Avenues, with College Avenue a few blocks away. Berkeley Bowl, Whole Foods, local restaurants, bars, and cafes are nearby. Ashby BART is less than a mile away, while the property also offers access to multiple public transit routes and an 8-minute bicycle trip to UC Berkeley campus.
Key Highlights
- Triplex totaling 2,753 square feet
- Unit mix: 2/1, 1/1, and spacious studio
- 1/1 unit is vacant and located on the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,480
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,600
$1.2M
Cap Rate 7%
$892,571
$892.6K
Cap Rate 9%
$694,222
$694.2K
Market Conditions
NOI Build-Up for 2,753 SF
Gross rent
$94.2K $34.20/SF
− Vacancy
−$4.9K −$1.78/SF
EGI
$89.3K $32.42/SF
− OpEx
−$26.8K −$9.73/SF
NOI
$62.5K $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%
$1,249,600
Cap Rate 7%
$892,571
Cap Rate 9%
$694,222
Alternative Uses
Best Use
Multifamily LT 5
$892.6K
$781.0K – $1.04M
NOI $62,480 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$781.7K
$684.0K – $912.0K
NOI $54,718 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.06M
$931.6K – $1.24M
NOI $74,529 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,160
Businesses Nearby
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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
$1,892,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Alameda County, CA
Properties on Market for Triplexes in Alameda County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Berkeley income property with original hardwood floors, updated bathrooms, and abundant natural light throughout.
Where is this triplex located?
The property is located at 3048 Halcyon Ct Berkeley, CA.
What is the asking price?
The asking price for this property is $1,148,000.
What are key features of this property?
This property features: Triplex totaling 2,753 square feet; Unit mix: 2/1, 1/1, and spacious studio; 1/1 unit is vacant and located on the upper level
