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Sold for $2,410,000 on 06/03/24
  • $2,410,000

    2211 Haste St, Berkeley, CA 94704

    10beds
    5baths
    3,281sqft
    Duplex
    Built in 1906
    -- sqft lot
    $1,997,700 Zestimate®
    $735/sqft
    $4,434 Estimated rent

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    $4,434/mo

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    $15,295/mo

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    What's special

    To access the marketing package copy/paste: https://bit.ly/kitehillre. OFFERS MAY 22ND BY NOON. Discover an exceptional investment opportunity at 2209-2211 Haste, a recently renovated duplex in the heart of Southside Berkeley just 2 blocks to campus. With a strong in-place income, this property offers an attractive combination of reliable returns, attractive metrics, and substantial upside potential. This property generates $15,800/month, resulting in an impressive annual income of $189,600, ensuring a steady and consistent cash flow. Priced at a competitive 10.88 Gross Rent Multiplier (GRM) and a 6.01% Cap Rate, it immediately delivers value for savvy investors. Additionally the property offers significant upside – 25% growth in rents and comes with plans for a 2 bed, 1 bath ADU. (Permit expired – buyer needs to resubmit the previously approved plans for a new permit.) Tailored for the student rental market, 2209-2211 Haste offers a total of 10 bedrooms and 5 bathrooms, including a spacious 7-bedroom, 3-bathroom layout and a comfortable 3-bedroom, 2-bathroom unit. This versatility caters to the diverse needs of the student population. The property's prime location just steps from the University of California Berkeley, with remarkable walk, transit, and bike scores.

    Zillow last checked: 7 hours ago

    Listing updated: June 04, 2024 at 12:42pm

    Listed by:

    Jatin Mehta DRE #02045713 949-929-9562,

    Pellego

    Bought with:

    Noah Matthew, DRE #01941818

    The Agency

    Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41058871MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    Heating
    • Natural Gas
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Laundry: In Unit
    Features
    • Storage
    • Flooring: Wood
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 3,281
    • Total interior livable area: 3,281 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Exterior features: Back Yard
    Lot
    • Size: 3,920 sqft
    • Features: Regular, Paved
    Details
    • Parcel number: 055 188801700
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Wood
    Condition
    • Year built: 1906

    Utilities & green energy

    • Utilities for property: Individual Electric Meter, Individual Gas Meter

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Location
    • Region: Berkeley

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange
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    Estimated market value
    $1,997,700