1643 Oxford ST, Berkeley, CA 94709
1643 Oxford ST, Berkeley, CA 94709
1643 Oxford ST, Berkeley, CA 94709
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Leon Borunda

Leon Borunda

+1(559) 779-6540
$1,600,000
Est. payment /mo
6,211 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Northside

MLS Listing ID 41138568

HOA Y/N No

Year Built 1912

Lot Size 6,211 Sqft

Property Sub-Type Triplex

Property Description

3 units, 3.36K SF @ $1.6M, 6.15% cap rate ($98.3K Pro Forma Net Operating Income, $147.3K Gross Income, 33.2% OpEx due to individually metered utilities), 10.86 GRM, $475/SF. + Three Units: Unit A: 1bd/1ba @ $1550/mo; Unit B: 3bd/1ba (vacant) @ $4000/mo ($1333/bedroom, single occupancy); Unit C: 5bd/1.5ba (vacant) @ $6300/mo ($1260/bedroom, single occupancy). + Great starter investment property allowing residential financing as low as 3.5%-20% down, get the right mix of renters to increase rents to $1450+/bedroom + Download the OM and see the positive Inspection Reports from Disclosures.io: https://app.disclosures.io/link/1643-Oxford-Street-k5mv2js4 + High Demand Student Housing Asset Steps Away From The #1Rated Public University + Classic 1913 Craftsman Triplex in Desirable Northside Neighborhood + Three (3) Units; Nine (9) Total Single Occupancy Bedrooms + Two Units delivered vacant: (3bd/1ba) & (5bd/1.5ba) + 4 parking spaces; W/D Laundry Connections in Basement + New Roof; 2 of 3 Kitchens Renovated; New Carpets; Great Inspection Reports + Close to the Original Peets Coffee, Chez Panisse and other iconic Berkeley Restaurants + North Berkeley tends to attract graduate and hard sciences students (lower costs, higher margins) + Limited new construction in Northside Neighborhood - - strengthening long term rent prospects

Location

State CA

County Alameda

Zoning R-3

Interior

Heating Baseboard, Forced Air, Natural Gas

Flooring Carpet, Wood

Fireplace No

Appliance Gas Water Heater

Exterior

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description Front Yard

Others

Tax ID 582183202

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Grant Chappell NAI Northern California #01700439

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Leon Borunda

Leon Borunda

+1(559) 779-6540

Realtor | License ID: 01818465

Realtor License ID: 01818465

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