Comm Ri Multi-units 5+ For Sale
4,349 Sqft - 1734 Spruce, BERKELEY, California 94709
Property Description
TOUR THURSDAY 10/22 – 10-12:30 BY APT ONLY – PLS CALL AGENT TO SET TIME The 1734 Spruce Street Apartments offer investors the opportunity to acquire a turn-key, superbly situated property with little deferred maintenance and significant upside in a premier Berkeley location. The current owners have invested significant capital, approx. of $800k, into the asset over the course of the last few years. Plans are approved by the City of Berkeley for the conversion of units #1 & #2 from studio and 1 bedroom apartments to 1 bedroom and 2 bedroom units respectively. Located less than one block from UC Berkeley and a short walk from Downtown Berkeley BART, this property will attract students and young professionals alike. The subject property offers investors a well maintained asset with significant upside.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40970958
Price : $2,950,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,349 Sqft
Year Built : 1913
Lot Area : 0.12 Sqft
Features
Heating System : Steam
Cooling System : Other
Basement : Partial
Roof : Other
Address Map
Country : US
State : CA
County : Alameda
City : BERKELEY
Zipcode : 94709
Street : Spruce
Street Number : 1734
Floor Number : 0
Longitude : W123° 44' 3.6''
Latitude : N37° 52' 34.8''
MLS Addon
Office Name : Keller Williams Realty
Building Type : 5 Or More Units
Area : Berkeley Map Area 9
Address : 1734 Spruce
Cross Street : Hearst St
Directions to Property : Yes
LA1User Code : R01916819
LA1Agent First Name : Nathaniel
LA1Agent Last Name : Reinke
Status Category : Pending
Tot # Parking Spaces : 8
Tot # of Units : 7
List $/SqFt : $678
Age : 108
Apx Lot Sq Ft : 6,534 Sqft
Type of Building : Apt Complex
Annual Taxes : $43,066
Total Deposits : $0
ADDTL FEATURES MISC. : Other
EQUIPMENT ADDITIONAL : Individual Electric Meter
EXTERIOR : Stucco
FLOORING : Other
LOT DESCRIPTION : Regular
ON-SITE PARKING DESC : Carports - 2 Or More
TENANT PAYS : Electric, Parking
WATER/SEWER : Water - Public, Sewer System - Public
Census Tract : None
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Assumable Clear
Other Loans (Y/N) : No
1st Loan Balance : $4,000
2nd Loan Balance : $3,713
Tot Other Loans : $2,625
Financial Data Verif(Y/N) : 4.27
FINANCIAL DATA SOURCE : Property Manager
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,950,000
Sold Price : $0
Previous Price : $2,950,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 201372
Annual Gross Sched Inc : 201372
Net Oper Income : 126112
Annual Mgmt Exp : 0
Annual License Exp : 7378
Annual Util Exp : 8654
Other Ann Exp : 950
Tot Ann Oper Exp : 69298
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 3500
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01843165
Gross Rent Multiplier : 14.65
ZIDX Only Street Name : Spruce
Buyer Agent DRE Num. : 01843165
Co List Agent DRE Num. : 01916819
List Agent DRE Num. : 01916819
LA1Agent License ID : 01916819
SA1Agent First Name : Eddie Gold
SA1Agent Last Name : Li
SA1Agent License ID : 01843165
SA1User Code : 206536293
SA1NRDS_ID : 206536293
Annual Vacancy : 5962
Gross Income : 195410
Listing Broker DRE Numbe : 2029039
Sale/Original $ : 0
Annual Exp Yr : 69298
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Bridge AOR
Showing : THURSDAY 10/21 10-12:30 P.M. BY APT ONLY CALL AGT
SO1Office Abbreviation : SLXU01
SO1Office Name : Elite RE & Financial Group
LO1Main Office ID : 77184
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 40099
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 : 2950000
Address Search Number : 1734
Listing Agent : 144492
Listing Office : 77184
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 147509
Buying Office 1 : 40099
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 17
Input Date : 14/10/2021 21:16:51
Update Date : 01/12/2021 01:07:34
PhotoTimestamp : 14/10/2021 21:16:53
First Photo Add Timestamp : 14/10/2021 21:16:53
List Date : 14/10/2021
Expire Date :
Pending Date : 23/11/2021
Closing Date :
Status Date : 30/11/2021
Price Date : 14/10/2021
Off Market Date : 23/11/2021
Status : Pending
Dual Variable : Yes
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 14/10/2021
DOMLS : 40
Cumulative DOMLS : 40
