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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

Listed by Travis Raciti • Luxmore Real Estate, DRE#02246639

$1,995,000

Est. payment - /mo

4 Beds

3.5 Baths

5,000 SqFt

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Open House

Sat Aug 08, 1:00pm - 3:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $399

MLS Listing ID ML82056468

Style Victorian

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1896

Lot Size 5,760 Sqft

Property Sub-Type Five or More Units

Property Description

Chateau Shattuck is a rare 8-unit apartment community just steps away from UC Berkeley. This Victorian-style building offers a desirable unit mix of (6) studios, (1) 1 Bed 1 Bath, and (1) 3-bed 1 Bath unit. Strong, stable rental income $146,000 gross annual income and $98,000 NOI, reflecting a 4.6% cap rate at the current offering. Individually metered gas and electric by unit, on-site laundry facilities, parking lot in back and upside potential through unit-level renovations, rent optimization and ADU potential. An excellent addition to any multifamily portfolio in one of the East Bay's most enduring rental markets.

Location

State CA

County Alameda

Area Berkeley Map Area 5

Building/Complex Name Chateau Shattuck

Zoning R3

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Exterior

Exterior Feature Back Yard, Drought Tolerant Plants

Parking Features Common Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters

View Downtown, Hills

Roof Type Shingle

Building

Foundation Concrete Perimeter, Wood Frame

Sewer Sewer - Public

Water Water Treatment System

Others

Restrictions None

Tax ID 53-1685-24

Security Features Other

Special Listing Condition Not Applicable

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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2807 Shattuck AVE Berkeley, CA 94705

Patricia Beattie

Open House

Key Details

Location

Interior

Exterior

Building

Others

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