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2421 Hilgard Ave
Berkeley, CA 94709
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Classic fourplex in one of the city’s most sought-after residential pockets.
- One unit will be delivered vacant, providing an immediate opportunity for owner occupancy while maintaining income from the remaining units.
- The building features four 1BD/1BA units across 2,890 sq ft, along with a 1-car garage and a large attic space.
Executive Summary
Tucked into Berkeley’s Northside neighborhood just moments from UC Berkeley, 2421 Hilgard Ave offers a rare opportunity to own a classic fourplex in one of the city’s most sought-after residential pockets. Set on a quiet, tree-lined street near the Euclid corridor, the property combines a peaceful setting with close access to campus, shops, and dining. The building features four 1BD/1BA units across 2,890 sq ft, along with a 1-car garage and a large attic space that may offer future expansion potential (buyer to verify). One unit will be delivered vacant, providing an immediate opportunity for owner occupancy while maintaining income from the remaining units. With strong, consistent rental demand tied to its campus-adjacent location, this is a unique chance to own a character-rich asset in a supply-constrained North Berkeley neighborhood.
TRANSPARENT PRICE. Unit 2421 is vacant and can be shown via Calendly.
Contact Joey at joey.wang@loremultifamily.com with questions.
For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale/
Offers are due on Tuesday, April 21st.
Disclaimer: The photos in this listing have been digitally enhanced.
TRANSPARENT PRICE. Unit 2421 is vacant and can be shown via Calendly.
Contact Joey at joey.wang@loremultifamily.com with questions.
For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale/
Offers are due on Tuesday, April 21st.
Disclaimer: The photos in this listing have been digitally enhanced.
Property Facts
| Price Per Unit | $553,996 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.70% | Building Size | 2,890 SF |
| Gross Rent Multiplier | 12.3 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 4/1,000 SF |
| Price Per Unit | $553,996 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 12.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,890 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 4/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $3,271 CAD | 633 - 744 |
Property Taxes
| Parcel Number | 058-2195-011-00 | Improvements Assessment | $1,555,874 CAD |
| Land Assessment | $666,802 CAD | Total Assessment | $2,222,676 CAD |
Property Taxes
Parcel Number
058-2195-011-00
Land Assessment
$666,802 CAD
Improvements Assessment
$1,555,874 CAD
Total Assessment
$2,222,676 CAD
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