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This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.
Last Updated | 7/30/2024 | Year Built | 1910 |
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County | Alameda |
Additional Details
AIR | See Remarks |
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AIR CONDITIONING | Yes |
CONSTRUCTION | See Remarks |
HEAT | See Remarks |
HOA DUES | 0 |
LOT | 6000 sq ft |
WATER | Other |
Location
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