Technical
Financial
Distress signals
Property profile

2959 San Pablo Ave Berkeley, CA 94702

OFF-MARKET
Auto shops
Property ID
US09-8417915
1,140 SF 0.26 ac lot Built 1948
Individually Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.26-acre lot at 2959 San Pablo Avenue in Berkeley, California, presents a compelling mixed-use redevelopment opportunity. Situated in the West Berkeley Commercial District (C-W zoning), this property boasts a total square footage of 11,364, including an approximately 11,140 square foot building (per tax records) currently occupied by an automotive tenant under a short-term lease. The property's prime corner location at the southwest intersection of San Pablo Avenue and Burnett Street offers significant visibility and accessibility. Built in 1948, the single-story structure presents a blank canvas for creative redevelopment, catering to various uses including retail or automotive-related businesses. The property's existing infrastructure provides a solid foundation for a range of projects, capitalizing on the high demand for housing and commercial space in the rapidly growing Bay Area. The Alameda County Assessor's Parcel Number (APN) is 53-1629-19-1. This is a single-tenancy property with 100% occupancy, offering immediate income potential while redevelopment plans are finalized. The property's Class C designation and modified lease type provide flexibility for future development. This is an owner/user investment opportunity, ideal for those seeking to create a unique and profitable venture in a thriving Berkeley neighborhood. The zip code is 94702.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1948
Construction TYPE NOT SPECIFIED
Total area 1,140 SF
Lot 0.26 ac (11,364 SF)
APN 53-1629-19-1
UPID US09-8417915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sustainability Organization
  • Restaurant
  • Sustainability Organization
  • Sustainability Organization

Location

2959 San Pablo Ave Berkeley, CA 94702-2425
Berkeley metro Census 423300 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$260k

Owner & transaction history

since 2006
7 recorded transactions
2006
Price N/A
1992
Price N/A
1974
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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