Homes for sale - 1412 Ninth St, Berkeley, CA 94710

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Jatin Mehta • Kite Hill Real Estate

$2,098,000

Est. payment - /mo

3 Beds

2 Baths

5,346 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,346 sqft

Price per Sqft $392

MLS Listing ID MR41087703

Bedrooms 3

Year Built 1958

Lot Size 8,450 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

To access the marketing package copy/paste: https://bit.ly/kitehillre. Nestled in the desirable Gilman District of Berkeley, 1412 Ninth Street is a well-maintained, 1958-vintage apartment building consisting of two fourplexes on a single lot. This property offers an ideal unit mix with (4) spacious 2-bedroom, 1-bath units and (4) cozy 1-bedroom, 1-bath units, providing a diverse and appealing living arrangement for tenants. On-site amenities include a coin-operated laundry facility, ample storage, and parking for up to 6 vehicles, ensuring convenience and comfort for residents. With a strong income potential, the property generates an average of over $1,900 per month per unit. There is also substantial upside in both gross rents, with a 20% potential increase, and Net Operating Income (NOI), which could rise by 30%. This makes 1412 Ninth Street a promising investment opportunity with plenty of room for growth in rental income. The property has been thoughtfully updated, with over half of the units featuring modern finishes. In addition, extensive capital improvements have been made, including updated bathrooms, new plumbing and electrical systems, roof replacements in 2012 and 2016, new energy-efficient windows, water heaters, and appliances.

Location

State CA

County Alameda

Area Berkeley Map Area 5

Interior

Heating Electric

Cooling None

Flooring Hardwood

Exterior

Exterior Feature Stucco

Garage Spaces 7.0

Building

Sewer Sewer - Public

Others

Special Listing Condition Not Applicable

Read Less Info

Get More Information

JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

Quick Search

1412 Ninth St Berkeley, CA 94710

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Get More Information