2304 Roosevelt Ave | Berkeley, CA 94703
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2304 Roosevelt Ave
Berkeley, CA 94703
2304 Roosevelt Avenue · Multifamily Property For Sale · 4 Units
Investment Highlights
- Four 1BR/1BA units, three garages, and a rear yard that’s dripping with ADU potential.
- 3 units will be delivered occupied providing the new owners with an immediate source of income, while the fourth unit will be delivered renovated.
- Seated in the neighborhood of Central Berkeley and only six blocks from the UC Berkeley campus.
Executive Summary
Seated in the neighborhood of Central Berkeley and only six blocks from the UC Berkeley campus, 2304 Roosevelt Avenue is an investment opportunity that’s too lucrative to ignore. With four 1BR/1BA units, three garages, and a rear yard that’s dripping with ADU potential, there are no shortage of ways for this property to generate strong monthly cash flow. Speaking of cash, three units will be delivered occupied providing the new owners with an immediate source of income, while the fourth unit will be delivered renovated and ready to rent. Offered at $995,000, this is an unbeatable fourplex (especially for a first-time investor) in a high-demand location near popular commercial streets (Shattuck Avenue, Telegraph Avenue), stable employers (Alta Bates Medical Center, Berkeley City Hall), great public transportation (BART), anchor retail (Trader Joe’s, Berkeley Bowl) and one of the best colleges on the planet.
TRANSPARENT PRICING. Unit 1 (1Bd) is vacant; schedule a showing via Calendly scheduling link. Unit 2 (1Bd), Unit 3 (1Bd), and Unit 4 (1Bd) are tenant-occupied and can be shown via private tour. Contact Joey at joeywang@kw.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7
Offers are Due on Tuesday, November 12th, by noon.
TRANSPARENT PRICING. Unit 1 (1Bd) is vacant; schedule a showing via Calendly scheduling link. Unit 2 (1Bd), Unit 3 (1Bd), and Unit 4 (1Bd) are tenant-occupied and can be shown via private tour. Contact Joey at joeywang@kw.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7
Offers are Due on Tuesday, November 12th, by noon.
PROPERTY FACTS Under Contract
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4.70% | Building Size | 2,292 SF |
| Gross Rent Multiplier | 12.2 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 12.2 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,292 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.31/1,000 SF |
Unit Amenities
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Built-In Bookshelves
- Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,517 | 565 |
PROPERTY TAXES
| Parcel Number | 055-1908-006-00 | Improvements Assessment | $28,750 |
| Land Assessment | $53,730 | Total Assessment | $82,480 |
PROPERTY TAXES
Parcel Number
055-1908-006-00
Land Assessment
$53,730
Improvements Assessment
$28,750
Total Assessment
$82,480
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