1964 San Pablo Ave, Berkeley, CA 94702

3 beds
For Sale
$1,699,000
Price cut: -$100,000
Zestimate®: $1,594,064
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100k Huge Price Reduction!!! Rare opportunity to own this retail/residential mixed-use 4 units property in Berkeley. It consists of 2 stories with full basement comprise a total net rentable area of appro. 10k Sqft. Consists of appr.3,750 sqft on the basement level, 3,750 sqft on the first floor and 2,500 sqft on the second floor. The ground floor has 2 street front shops rented to a grocery store and a spa make about $6,530 per month and second floor 1 commercial & 1 3/1 residential make $4,000 per month plus the extra income from the huge basement. This offers the current cap rate to 5.58% and preformat to 7.67%. The property also has a great assumable loan at the rate of prime + 1% for 16&1/2 years. Incredible opportunity for investors!  MoreLess
Facts
  • Lot: 7,780 sqft
  • Multi Family
  • Built in 1937
  • 120 days on Zillow
  • MLS #: 418986
Features
  • Parking: 5 spaces
    Construction
    • Roof type: Other
    • # Stories: 2.0
    • Structure type: Contemporary
    • Unit count: 4
    Other
    • Zillow Home ID: 2108053947
    Home Values
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    $1,594,064
    -$15,344 Last 30 daysd
    $1.51M
    $1.67M
    Zestimate range
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    A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

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    $2,014/mo
    -$26 Last 30 daysd
    $1.5K
    $3.4K
    Zestimate range

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    Neighborhood for 1964 San Pablo Avenue

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    Zillow predicts 94702 home values will rise 9.3% next year, compared to a 5.8% increase for Berkeley as a whole.

    Foreclosures will be a factor impacting home values in the next several years. In 94702, the number of foreclosures waiting to be sold is 41.4% higher than in Berkeley, and 33.9% lower than the national average. This higher local number may prevent 94702 home values from rising as quickly as other regions in Berkeley.

    Learn more about forecast calculations or 94702 home values.
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      About these agents
      These buyers' agents specialize in this area and can assist you in seeing this home or answer your questions.

      Are you an agent looking for more exposure for yourself or your listings? Call Zillow at (855) 840-3292
      Close
      Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

      Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

      Learn how to appear as the agent above

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      Email successfully sent!Submission failed!

      Next: Find out what you can afford on Zillow Mortgage Marketplace.

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