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Off market
  • $1,994,400

    2924 Florence St, Berkeley, CA 94705

    8beds
    4baths
    3,598sqft
    MultiFamily
    Built in 1928
    -- sqft lot
    $1,994,400 Zestimate®
    $554/sqft
    $5,271 Estimated rent

    Owner options

    List your home for rent

    $5,271/mo

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    $5,271/mo

    Rent Zestimate®

    Refinance and save

    $12,692/mo

    Est. payment

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    $12,692/mo

    Est. payment

    What's special

    ON THE MARKET FOR THE FIRST TIME OVER 20 YEARS! Tremendous opportunity to own an investment property in desirable Claremont Elmwood area. Claremont Hotel and Club is a few blocks away. Alta Bates Hospital is one block away. Restaurants and shops on College Ave is within walking distance. Great location: Within one mile from Rockridge and Ashby BART, Berkeley Bowl, Whole Foods, and UC Berkeley Campus. Significant upside on rents. All rents are below market. Buyout opportunity to make this building the primary residence.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Gas
    Cooling
    • Central
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Carpet, Hardwood
    Interior area
    • Total interior livable area: 3,598 sqft

    Property

    Parking
    • Total spaces: 2
    Features
    • Exterior features: Stucco
    Lot
    • Size: 5,980 sqft
    • Features: Level
    Details
    • Parcel number: 5215727

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • wood frame
    Condition
    • Year built: 1928

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Berkeley

    HOA & financial

    Other financial information
    • Total actual rent: 598663

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • Flooring: Carpet, Hardwood
    • Roof: Unknown
    • Heating: Gas
    • HeatingYN: true
    • NumberOfUnitsTotal: 4
    • ConstructionMaterials: Stucco
    • LeaseTerm: 12 Months, Month To Month
    • LotFeatures: Level
    • ExteriorFeatures: Side Yard
    • TenantPays: Electricity, Gas
    • GrossScheduledIncome: 120000
    • VacancyAllowance: 0
    • Cooling: No Air Conditioning
    • ParkingFeatures: Side Yard Access
    • MaintenanceExpense: 1218
    • ProfessionalManagementExpense: 2000
    • MlsStatus: Active
    • GrossIncome: 70941
    • InsuranceExpense: 1549
    • NetOperatingIncome: 51721
    • OperatingExpense: 19219
    • TotalActualRent: 598663
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    Estimated market value
    $1,994,400