Property Highlights

* List Price: $1,495,000
* Incredible Opportunity to Purchase Four Oversized Units Comprised of One 2bd/1bth, One 1bd/1bth + Office, and Two Studios with Stunning Bay Views
* 1,500 sq. ft. Main House Delivered Vacant - Perfect for Owner Occupant or Investor to Add 3rd Bedroom
* Private Balconies for Every Unit
* Three Covered Carports, Two Car Garage, and Shared Laundry to Generate Additional Income
* Many Capital Improvements Including New Deck & Appliances, Plumbing Systems, and Seismic Engineering Study
* Serene Berkeley Hills Location Close to UC Berkeley Campus with Gorgeous Views of the San Francisco Bay and Golden Gate Bridge
* Incredible Entry Cap Rate of 5.75% and Market Cap Rate of 6.45% & 12.19 Current GRM
* Must Sell Quickly to Complete 1031 Exchange!


Property Summary
Property Type: Multifamily
Asking Price: $1,495,000
Year Built: 1923
Number of Units: 4
Price/Unit: $373,750
Rentable SqFt: 3,890 SqFt
Price/SqFt: $384.32
Cap Rate: 5.75%
Market Cap Rate: 6.45%
GRM: 12.19
Market GRM: 11.09
Lot Size: 6,342 SqFt


Property Overview
2665 Shasta Road, presents the opportunity to a acquire an incredible four unit property located in the lush Berkeley Hills. Stunning views of the San Francisco Bay and an affordable price point make this property a unique opportunity for any investor or owner occupant. The property features a mix of one 2bd/1bth (delivered vacant), one 1bd/1bth + office, and two studio units totaling 3,890 square feet in rentable space splite between two buildings. The property sits on a 6,342 SF lot with three covered carport parking stalls and two garages. Each unit has private access to their own outdoor deck with gorgeous view of the Bay. Various capital improvements have been completed over the years, including a new deck, appliances, plumbing systems, and seismic engineering to ensure earthquake safety. Two of these oversized units present an excellent opportunity to increase rent potential and add value by simply adding bedrooms.


Location Overview
Located less than one mile north of UC Berkeley campus, the neighborhood of Berkeley Hills offers spacious houses for rent with modern kitchens and stunning views of the hills, valleys, canyons, and San Francisco Bay. Locals in this neighborhood love to hang out at breathtaking, 2,000-acre Tilden Regional Park with its carousel, hiking trails, scenic views, picnic areas, and swimming holes. Enjoy the much smaller Berkeley Rose Garden with its terraced plantings of roses and views of San Francisco Bay.