2351 San Pablo Ave Berkeley, CA 94702-2038
This exceptional Berkeley investment property, built in 1939, presents a compelling opportunity for savvy investors. The 3,010 square foot building sits on a 4,500 square foot lot, strategically located on the corner of two busy streets, maximizing visibility and foot traffic. The property boasts a strong rental income stream, with estimated annual revenue of approximately $71,000. The financial figures provided are estimates and should be independently verified. The property's mixed-use configuration includes both commercial and residential spaces. The commercial unit (2353) generates $1800 per month in rental income, featuring a bathroom. The residential units are comprised of a three-bedroom, one-and-a-half-bathroom unit (2351) renting for $2596.88 per month, and two additional one-bedroom, one-bathroom units (both part of 2351) renting for $800 and $725 per month respectively. The property includes four parking spaces and a secure entry system featuring an iron fence gate with electric openers. This property offers a blend of commercial and residential income streams, making it an attractive investment with significant potential for future growth. The provided financial information is for illustrative purposes only and should be independently verified. The property is offered at $1,090,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.