2429 San Pablo Avenue, Berkeley, CA — listing photo 1
1 / 1
FOR SALENew Listing

2429 San Pablo Avenue

Berkeley, CA 94702
2,352 Sq Ft
Built 1942
$1,198,000

Property Overview

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).

Home Details

Property type
Residential Income - Quadruplex
Year built
1942
Living area
2,352 sq ft
Lot size
5,400 sq ft
Parking
4 spaces
Stories
2
Days on market
3
MLS status
Active
Zoning
C-W

Features & Amenities

Parking

  • Off Street

Community, Schools & Utilities

Community

Annual property tax
$20,939

Schools

School district
Other

Utilities

Cooling
None
Water
Public
Sewer
PublicSewer
Browse more homes for sale in Berkeley

Location & Neighborhood

2429 San Pablo Avenue

Berkeley, CA 94702

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 2429 San Pablo Avenue

Property type: Residential Income

The current asking price is $1,198,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2429 San Pablo Avenue. Our team will confirm availability and timing.
This property offers approximately 2,352 square feet of living space. It was built in 1942. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Berkeley, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Berkeley property.
The MLS currently reports the property as Active. It has been listed for 3 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Eymon Binesh
MLS ID: ML5082979

Available property

$1,198,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.