Comm Ri Multi-units 5+ For Sale
7,363 Sqft - 1635 Martin Luther King Jr Way, BERKELEY, California 94709
Property Description
1635 Martin Luther King Jr Way is a well-maintained 9 unit apartment community located in North Berkeley. The property consists of two (2) 3 bedroom/2 bathroom units, six (6) 2 bedroom/1 bathroom units, and one (1) 1 bedroom/1 bathroom unit totaling 7,363 square feet. Amenities include nine off-street parking spaces and an on-site coin-operated laundry facility. The property offers a rare opportunity to set market rents and maximize return. This highly sought-after location will continue to attract premium tenants and maintain a very low vacancy rate.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40947468
Price : $3,995,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 7,363 Sqft
Year Built : 1964
Lot Area : 0.17 Sqft
Features
Heating System : Wall Furnace
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Alameda
City : BERKELEY
Zipcode : 94709
Street : Martin Luther King Jr Way
Street Number : 1635
Floor Number : 0
Longitude : W123° 43' 36.2''
Latitude : N37° 52' 35.7''
MLS Addon
Office Name : NAI Northern California
Building Type : Lowrise (1-3 Flrs)
Area : Berkeley Map Area 9
Address : 1635 Martin Luther King Jr Way
Cross Street : Virgina
Directions to Property : Martin Luther King Jr Way
LA1User Code : R02008347
LA1Agent First Name : Timothy
LA1Agent Last Name : Warren
Status Category : Sold
Tot # Parking Spaces : 9
Tot # of Units : 9
List $/SqFt : $543
Age : 57
Apx Lot Sq Ft : 7,250 Sqft
Type of Building : Apt Complex
Annual Taxes : $48,659
Total Deposits : $0
EQUIPMENT ADDITIONAL : Water Heater Gas, Individual Electric Meter, Individual Gas Meter
EXTERIOR : Stucco
FLOORING : Carpet, Tile
LOT DESCRIPTION : See Remarks
ON-SITE PARKING DESC : Space Per Unit - 1
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
Census Tract : 4224
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Fixed
Other Loans (Y/N) : No
1st Loan Balance : $4,500
2nd Loan Balance : $331,200
Tot Other Loans : $0
Financial Data Verif(Y/N) : 5.27
FINANCIAL DATA SOURCE : Owner, Estimated
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,995,000
Sold Price : $3,450,000
Previous Price : $3,995,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 209135
Annual Gross Sched Inc : 331200
Net Oper Income : 209135
Annual Mgmt Exp : 12850
Annual License Exp : 8995
Annual Util Exp : 18120
Other Ann Exp : 2430
Tot Ann Oper Exp : 112129
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 3682
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01870488
Gross Rent Multiplier : 12.19
ZIDX Only Street Name : Martin Luther King Jr Way
Buyer Agent DRE Num. : 02008347
Co List Agent DRE Num. : 02008347
List Agent DRE Num. : 02008347
LA1Agent License ID : 02008347
SA1Agent First Name : Timothy
SA1Agent Last Name : Warren
SA1Agent License ID : 02008347
SA1User Code : R02008347
Annual Vacancy : 9936
Gross Income : 331200
Listing Broker DRE Numbe : 01870488
Sale/Original $ : 86
Annual Exp Yr : 112129
Sale $/SqFt : 469
1st - Yrs Remaining : 0
Sale/Last List $ : 86
Interest Rate : 0
Board ID : Bridge AOR
Assessors Parcel No : 58-2171-25
Showing : Contact Agent
SO1Office Abbreviation : OBOJMTB
SO1Office Name : NAI Northern California
LO1Main Office ID : 41278
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 41278
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 3450000
Address Search Number : 1635
Listing Agent : 302051
Listing Office : 41278
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 302051
Buying Office 1 : 41278
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 29
Input Date : 28/04/2021 20:56:07
Update Date : 30/07/2021 19:36:28
PhotoTimestamp : 30/07/2021 19:36:28
First Photo Add Timestamp : 28/04/2021 20:56:09
List Date : 28/04/2021
Expire Date :
Pending Date : 01/06/2021
Closing Date : 29/07/2021
Status Date : 30/07/2021
Price Date : 30/07/2021
Off Market Date : 01/06/2021
Status : Sold
Dual Variable : Yes
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 28/04/2021
DOMLS : 34
Cumulative DOMLS : 34
