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Triplex with Vacant 4bd/2bth Townhome Unit 1311-1313 Curtis St 3 Unit Apartment Building $2,268,684 CAD ($756,228 CAD/Unit) 4.70% Cap Rate Berkeley, CA 94702



Investment Highlights
- North Berkeley Triplex - Close to UC Berkeley Campus - Around the Corner from Multiple Restaurants
- Huge Vacant 4bd/2bth Unit - Perfect for Owner-Occupant
- High-Demand Rental Location Near Many Restaurants, Coffee Shops, Bars, Shopping,Easy Transportation
- Ideal Unit Mix - Two 4bd/2bth Units and One 3bd/1.5bth Units
- Separately Metered for Water, Electric, and Gas, Providing Low Annual Operating Expenses
- Fully Remodeled with New Kitchens, Bathrooms, Stainless Steel Appliances, Wood Floors, New Carpet, New Paint, Newer Roof, and Coin-op Laundry
Executive Summary
North Berkeley triplex with strong current income and excellent upside. The unit mix is ideal and features two two-story 4bd/2bth units and one 3bd/1.5bth unit. One 4bd/2bth unit will be delivered vacant making it an ideal set-up for an owner-occupant. The property was originally built in 1950, offers approximately 2,910 square feet of rental space, and sits on a 7,190 square foot lot with a large backyard, two garages, and ample room for parking. The property is easy to manage and separately metered for water, electric, and gas with tenants paying all garbage expense providing for a low annual operating expense. The units are very large and remodeled with modern kitchens with granite countertops, stainless steel appliances, custom molding, wood floors, new carpet and new paint. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The property is ideally located near many restaurants, coffee shops, and shopping options and is around the corner from Headlands Brewing Berkeley Bagels, Praaw Thai, Coffee Conscious, and Kiku Sushi. The property is close proximity to UC Berkeley, BART, and other forms of public transportation making this a high-demand location for tenants.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
Property Facts
| Price | $2,268,684 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $756,228 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.70% | Building Size | 2,910 SF |
| Gross Rent Multiplier | 14.55 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1950/2026 |
| Property Type | Multifamily | Parking Ratio | 2.06/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Berkeley | ||
| Price | $2,268,684 CAD |
| Price Per Unit | $756,228 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.55 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,910 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2026 |
| Parking Ratio | 2.06/1,000 SF |
| Zoning | R3, Berkeley |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 060-2391-073-01 | Improvements Assessment | $1,097,325 CAD |
| Land Assessment | $470,282 CAD | Total Assessment | $1,567,607 CAD |
Property Taxes
Parcel Number
060-2391-073-01
Land Assessment
$470,282 CAD
Improvements Assessment
$1,097,325 CAD
Total Assessment
$1,567,607 CAD
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Triplex with Vacant 4bd/2bth Townhome Unit | 1311-1313 Curtis St
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