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Property profile & analytics
OFF-MARKET Estimated value $655,000
Commercial real estate

2351 San Pablo Ave Berkeley, CA 94702-2038

3,010 SF 0.1 ac lot Built 1939
Individually Owned 23-yr Hold Free & Clear
Property ID
US09-9345480
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1939
Construction WOOD
Total area 3,010 SF
Lot 0.1 ac (4,500 SF)
APN 56-1926-14-3
UPID US09-9345480
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$865k
Comparable Approach Comparable
by Request
Blend (final) Blend
$655k
Owner & transaction history
Jeanne Lau · 23 yrs held
Jeanne Lau
since 2002
6 recorded transactions
2002
$498,000
1999
$250,000
1991
$235,000
1973
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $970,000 +6.4%
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