2437 Warring St
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2437 Warring St
8 Unit Apartment Building $2,595,000 ($324,375/Unit) 5.25% Cap Rate Berkeley, CA 94704
Executive Summary
Awesome income property just behind Frat Row. 2 Blocks form campus and CAL football stadium. Mainly students that leave after school is over. Sharp mix of studios and 1 bedroom. 7 off street parking that is rented separately. All separate meters including water. Great investment!
To show contact Marc Guay with notice. Offers presented as they come. Please use Chicago Title Co. for escrow & insurance. Adrian Gudina Reports coming by Tuesday 10/8
To show contact Marc Guay with notice. Offers presented as they come. Please use Chicago Title Co. for escrow & insurance. Adrian Gudina Reports coming by Tuesday 10/8
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
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| Other Income |
-
|
-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $2,595,000 | Apartment Style | Low Rise |
| Price Per Unit | $324,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.25% | Building Size | 4,020 SF |
| Gross Rent Multiplier | 7 | Average Occupancy | 80% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Price | $2,595,000 |
| Price Per Unit | $324,375 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Gross Rent Multiplier | 7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,020 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.74/1,000 SF |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Public Transportation
- Walk To Campus
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,675 | 400 |
| 1+1 | 4 | $2,325 | 600 |
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Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 055-1865-014-01 | Improvements Assessment | $89,658 |
| Land Assessment | $89,178 | Total Assessment | $178,836 |
PROPERTY TAXES
Parcel Number
055-1865-014-01
Land Assessment
$89,178
Improvements Assessment
$89,658
Total Assessment
$178,836
zoning
| Zoning Code | Commercial |
| Commercial |
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2437 Warring St
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