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1937 Haste St 5 Unit Apartment Building Offered at $2,705,177 CAD at a 6.40% Cap Rate Berkeley, CA 94704
Investment Highlights
- close to UCB, downtown, and easy public transportation (bart, bus, bike
- Central common area garden
- vintage charm combined with updating
Executive Summary
This is a trustee sale. Former owners used mostly as a family compound over 50 years, and there is no recent rental history. All units delivered vacant; new owner can set market rate rents. Upon lease, units come under rent control. Great potential for long term investment or for a parent/investor who wants to off set housing costs while kid is at UCB, or property has potential to develop as TIC and possibly convert to condos over time. Two units have newly updated kitchens and new or newer appliances. Property is very close to downtown area rich with theaters, restaurants, museums - best Berkeley amenities. There are multiple bus lines within 1.5 blocks, 1/2 miles to BART, and located on the crosstown bike route.
All rental income and expenses are estimated based on moderate RentOmeter and averages due to no recent rental history. The property has been vacant for more than one year, since the owner/occupant died. Gas and electric all separately metered, common water, coin op laundry.
All rental income and expenses are estimated based on moderate RentOmeter and averages due to no recent rental history. The property has been vacant for more than one year, since the owner/occupant died. Gas and electric all separately metered, common water, coin op laundry.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,794 CAD | 1,100 |
| 1+1 | 2 | $3,150 CAD | 570 |
| 1+1 | 3 | $3,150 CAD | 570 |
| 1+1 | 4 | $3,424 CAD | 537 |
| 1+1 | 5 | $4,109 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 055-1899-005-00 | Improvements Assessment | $356,497 CAD |
| Land Assessment | $136,379 CAD | Total Assessment | $483,288 CAD |
Property Taxes
Parcel Number
055-1899-005-00
Land Assessment
$136,379 CAD
Improvements Assessment
$356,497 CAD
Total Assessment
$483,288 CAD
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1937 Haste St
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