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Decorum Properties & Investments
Fully Occupied 4-Unit Value-Add Opportunity in Berkeley's West Berkeley Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, with four dedicated surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.40% cap rate) plus clear upside as rents move toward market levels (6.17% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along San Pablo Avenue one of the East Bay's most established residential and commercial corridors supports strong, consistent renter demand. Close to UC Berkeley, regional transportation, and vibrant retail and dining, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in a supply-constrained multifamily market. Priced at $1,198,000 ($299,500/unit, $509/SF).
Listing courtesy of Listing Agent: Eymon Binesh (ebinesh@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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