Property profile

982 University Ave Berkeley, CA 94710

OFF-MARKET
Investment properties
Property ID
US09-8195025
3,436 SF 0.08 ac lot Built 1893
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property at 982 University Avenue in Berkeley, California, presents a compelling investment opportunity. The ground floor boasts a fully operational restaurant space, ready for immediate use. The kitchen is partially equipped, and a historically significant bar adds character and potential for a unique dining experience. This turnkey setup is perfect for established restaurateurs or ambitious newcomers seeking to capitalize on Berkeley's thriving culinary scene. Upstairs, two spacious one-bedroom apartments generate consistent rental income, currently leased at $1900 and $1700 per month respectively. Both units are bright and comfortable, appealing to the high demand for rental housing in this desirable area. Adding to the property's value is a substantial storage structure located in the sizable backyard (0.08 acres). The property's enviable location on University Avenue places it within easy reach of UC Berkeley, public transportation, and a wealth of shops and restaurants, guaranteeing high foot traffic and a strong customer base. This property offers immediate income potential and significant long-term growth prospects, making it an ideal investment for owner-operators, developers, or investors seeking a prime location in the heart of Berkeley. The asking price is $1,198,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1893
Construction WOOD
Total area 3,436 SF
Lot 0.08 ac (3,500 SF)
APN 56-1972-4
UPID US09-8195025

Cap rate & NOI

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

Location

982 University Ave Berkeley, CA 94710-2046
Berkeley metro Census 423200 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k

Owner & transaction history

since 2024
5 recorded transactions
2024
$1.2M
2004
Price N/A
1982
Price N/A
1981
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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