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$1,995,000
Est. payment /mo
5,501 Sqft Lot
Open House
Thu Aug 06, 11:00am - 1:00pm
Fri Aug 07, 1:30pm - 3:30pm
Sun Aug 09, 1:00pm - 3:00pm
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Northside
MLS Listing ID 41143871
HOA Y/N No
Year Built 1943
Lot Size 5,501 Sqft
Property Sub-Type Quadruplex
Property Description
One block from UC Berkeley. Four units, ten bedrooms, all vacant. 2713 Ridge Road sits on Berkeley's Northside, one block from campus and minutes from the Euclid Avenue corridor. Nothing here comes with a tenant to work around — ten bedrooms across four units, a blank page for a buyer to fill in from day one, right where the need for a bed near Cal renews every August. Two 2BR/1BA units and two 3BR/1BA units, 3,336 SF on a 5,500 SF lot, built 1943. Five years of ownership reinvestment mean capital goes into interiors, not the envelope: new roof, front stairwell reconstruction, siding repair and paint, new windows, plumbing upgrades, new electrical panels, replaced sewer lateral. Partial bay views. Gas and electricity separately metered. Garage, three permitted street spaces, basement storage rooms, plenty of upside in the garage level for parking or ADU exploration, subject to city approval. Projected gross income $172,800, an 11.5 GRM, $598/SF, $498,750 per unit. Buildings this close to campus rarely trade, and they almost never trade empty. This one is doing both.
Location
State CA
County Alameda
Zoning R-3H
Interior
Heating Electric
Flooring Tile, Vinyl
Fireplace No
Exterior
Parking Features Garage
Roof Type Shingle
Total Parking Spaces 1
Building
Lot Description Back Yard
Others
Tax ID 5822046
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Listed by Joey Wang Keller Williams Realty #01890931
Nearby Schools & Businesses
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