Home | Alameda County | Berkeley | 94702 | 2429 San Pablo Ave
2429 San Pablo Ave, Berkeley, CA 94702
MLS: ML82063628 | Status: Active | Price: $1,198,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
2,352 |
5,400 |
1942 |
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).
| Field |
Value |
| MLS # |
ML82063628 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
11 |
Features
Interior Features
| Feature |
Details |
| Cooling |
None |
| Heating |
Gas |
Exterior Features
| Feature |
Details |
| Roof |
Rolled/Hot Mop |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Off-Street Parking, Garage: 0 Car(s) |
| Elementary District |
Berkeley Unified |
| High School District |
Berkeley Unified |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
C-W |
Eymon Binesh
Marcus & Millichap
License #: 02060059
Phone: (650) 546-1030
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
3 |
4 |
Unit Details
| Unit # |
Sq Ft |
Beds |
Baths |
Rent |
| 1 |
588 |
1 |
1/0 |
$2,400 |
| 2 |
588 |
1 |
1/0 |
$2,029 |
| 3 |
588 |
1 |
1/0 |
$2,500 |
| 4 |
588 |
1 |
1/0 |
$2,500 |
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Baths |
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Status |
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Disclosures
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This listing information is up-to-date as of October 08, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030.