Properties

Comm Ri Multi-units 5+ For Sale

5,625 Sqft - 1257 Francisco St, BERKELEY, California 94702

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Property Description

This 100% occupied offering at 1257 Francisco Street, in Berkeley, CA is a six-unit apartment complex with a direct bike path leading to UC Berkeley via. an easy five-minute bike ride. The property is in impeccable condition, and benefits from a central location two blocks from North Berkeley BART. The building has been held and maintained by the same owner, a retired contractor, for over 27 years, and each unit is highly renovated on the interior. Constructed circa 1964 of wood frame with stucco siding, on a concrete slab foundation, the low maintenance building sits on a large 7,840 square foot lot (per public records). The property has spacious floorplans with three, two-bedroom one-and-a-half-bath and three, three-bedroom / one-and-a-half-bath units. Each apartment benefits from a private balcony, and there is a common area patio for tenants to enjoy the peaceful ambiance of the complex. For tenant convenience there is a common area laundry room with landlord owned machines .

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40972884
Price : $3,480,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,625 Sqft
Year Built : 1966
Lot Area : 0.18 Sqft
Features
Heating System : Gas
Cooling System : Other
Roof : Unknown
Address Map
Country : US
State : CA
County : Alameda
City : BERKELEY
Zipcode : 94702
Street : Francisco St
Street Number : 1257
Floor Number : 0
Longitude : W123° 42' 45.4''
Latitude : N37° 52' 25.3''
MLS Addon
Office Name : MARCUS & MILLICHAP
Building Type : Apt Complex
Area : Berkeley Map Area 4
Address : 1257 Francisco St
Cross Street : Chestnut
Directions to Property : 2 Blocks West of North B BART
LA1User Code : R01257479
LA1Agent First Name : Jon
LA1Agent Last Name : Holmquist
Status Category : Active
Tot # Parking Spaces : 6
Tot # of Units : 6
Zoning : 7700
List $/SqFt : $619
Age : 55
Apx Lot Sq Ft : 7,660 Sqft
Type of Building : Apt Complex
Annual Taxes : $50,113
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio
EQUIPMENT ADDITIONAL : Dryer, Washer
EXTERIOR : Stucco
FLOORING : Concrete Slab
LOT DESCRIPTION : Irregular
ON-SITE PARKING DESC : Other
TENANT PAYS : Electric, Gas
WATER/SEWER : Sewer System - Public
Census Tract : 11
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $6,000
2nd Loan Balance : $248,625
Tot Other Loans : $3,600
Financial Data Verif(Y/N) : 5.03
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,650,000
Sold Price : $0
Previous Price : $1,650,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 252225
Annual Gross Sched Inc : 252225
Net Oper Income : 175193
Annual Mgmt Exp : 116648
Annual License Exp : 9004
Annual Util Exp : 8369
Other Ann Exp : 2100
Tot Ann Oper Exp : 77032
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 14446
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 13.65
ZIDX Only Street Name : Francisco St
Co List Agent DRE Num. : 01257479
List Agent DRE Num. : 01257479
LA1Agent License ID : 01257479
Annual Vacancy : 6375
Gross Income : 252225
Listing Broker DRE Numbe : 01257479
Sale/Original $ : 0
Annual Exp Yr : 77032
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Bridge AOR
Assessors Parcel No : 58-2136-14
Showing : By Appointment
LO1Main Office ID : 10096
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 0
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 : 3480000
Address Search Number : 1257
Listing Agent : 37419
Listing Office : 10096
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 11
Input Date : 01/11/2021 21:02:24
Update Date : 08/11/2021 08:16:41
PhotoTimestamp : 01/11/2021 21:11:16
First Photo Add Timestamp : 01/11/2021 21:04:25
List Date : 01/11/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 08/11/2021
Price Date : 01/11/2021
Off Market Date :
Status : Active
Dual Variable : No
HOA : No
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 01/11/2021
DOMLS : 7
Cumulative DOMLS : 7
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40972884
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 5,625 Sqft
$3,480,000
Agent info
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