Great cash flow from this well maintained and managed 6-plex on a quiet street in the heart of Berkeley’s Poet District. There have been many upgrades to this 1960´s building including installation of double pane windows in all units and a complete remodel of the kitchens and baths in units 1,2,3 and 4. This included new kitchen cabinets, appliances, granite countertops, tile flooring in the kitchens and baths, and refinished hardwood floors in the bedrooms and hallways. Unit 5 also had the kitchen remodeled. New PSL installed 3/1/2024. Off-street parking for all 5 two-bedroom units. Fixed skylights in the bathrooms of units 4 and 5. Low maintenance landscaping, separate PG&E, separate water meters, and laundry room w/ leased coin operated machines. 8 blocks to North Berkeley BART, 3 blocks to West Berkeley’s vibrant restaurant district, 1 1/2 blocks to AC bus that goes to UC Berkeley and BART. 3 blocks to 3 other AC bus lines that go to Berkeley Amtrak and many other destinations. Priced at 11.39 X GRM and a 6.4% cash on cash return initially w/ existing under market rents with the potential of increased cash flow with future tenant turnover. Priced at $440 per sq. ft. & under $280k per unit. This pride of ownership building provides a solid investment for years to come.
MLS #
EB41051364
MLS Source
Bridge MLS
Buyer's Brokerage Compensation*
2.75
Appliances
Dryer, Washer
Flooring
Carpet - Wall to Wall, Hardwood, Tile
Cooling
Ceiling Fan
Heating
Gas, Wall Furnace
Garage/Parking
Off-Site Parking, Parking Area, Garage: Car(s)
Water
Public
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | – | 2 | 0/0 | $2,445 | – | – |
2 | – | 2 | 0/0 | $2,343 | – | – |
3 | – | 2 | 0/0 | $2,358 | – | – |
4 | – | 1 | 0/0 | $1,829 | – | – |
5 | – | 2 | 0/0 | $1,763 | – | – |
2334 Browning is a Residential Income in Berkeley, CA 94702. This 3,814 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1962.
This address can also be written as 2334 Browning, Berkeley, CA 94702.©2024 Bridge MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bridge MLS.
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This listing information is up-to-date as of April 16, 2024. For the most current information, please contact Bill Grimason, (510) 326-5800