2429 San Pablo AVE, Berkeley, CA 94702
2429 San Pablo AVE, Berkeley, CA 94702
2429 San Pablo AVE, Berkeley, CA 94702
2429 San Pablo AVE, Berkeley, CA 94702
2429 San Pablo AVE, Berkeley, CA 94702
2429 San Pablo AVE, Berkeley, CA 94702
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Test Newsite0508-2

Test Newsite0508-2

+1(586) 586-5860
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$ 1,198,000
Est. payment | /mo

4 Beds

4 Baths

2,352 SqFt

Save
$ 1,198,000
Est. payment | /mo
Save

4 Beds

4 Baths

2,352 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,352 sqft

Price per Sqft $509

MLS Listing ID ML82063628

Bedrooms 4

Full Baths 4

Year Built 1942

Lot Size 5,400 Sqft

Property Sub-Type Fourplex

Property Description

Four-Unit Value-Add Opportunity in Berkeleys West Berkeley Corridor! This uniform four-unit multifamily asset has four 1-bedroom, 1-bathroom apartments at 588 SF each (2,352 SF total) on a 0.12-acre lot, with four dedicated surface parking spaces. Three of the four units are leased (75% occupied), and the vacant unit lets a buyer set it at the $2,500 market rent on day one. In-place rents average ~$2,357 per unit, about 6% below market. In-place NOI of ~$69.6K (5.81% cap, 10.59 GRM) grows to a projected ~$76.3K stabilized NOI (6.37% pro forma cap, 9.98 GRM) as the building leases up and rents reach market. Electric and gas are individually metered, keeping owner-paid utilities low. Located along San Pablo Avenue, one of the East Bays most established residential and commercial corridors, near UC Berkeley, regional transit, and local dining and retail. Zoned C-W (West Berkeley Commercial). Priced at $1,198,000 ($299,500/unit, $509/SF).

Location

State CA

County Alameda

Area Berkeley Map Area 7

Zoning C-W

Interior

Heating Gas

Cooling None

Exterior

Parking Features Off-Street Parking

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 056-1928-022

Security Features None

Horse Property No

Special Listing Condition Not Applicable

MLSListings Inc. (MLSListings)
Copyright 2026 MLSListings Inc All rights reserved.
NEARBY SCHOOLS & PROPERTIES
Test Newsite0508-2

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(586) 586-5860

[email protected]

1005 Saratoga Sunnyvale Rd, Jose, CA 95129, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of company owner name-update6yfxiiii, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

kobe test

Go tour this home

2429 San Pablo AVE