2020 Cedar St

Beds
Baths
8,024 Sq. Ft.
$492 / Sq. Ft.
8,024
Sq. Ft.
$492
per Sq. Ft.

Description

New to market, 2020 Cedar Street in Berkeley. The property consists of nine units with a unit mix of (1) One Bedroom Unit and (8) Two Bedroom Units. The majority of units are split level with several units featuring updated kitchens and baths with stainless steal appliances and hardwood flooring. The property has been seismically retrofitted under current ownership costing in excess of $200,000. This turn-key property presents a rare opportunity to own in desirable North Berkeley, close to Gourmet...New to market, 2020 Cedar Street in Berkeley. The property consists of nine units with a unit mix of (1) One Bedroom Unit and (8) Two Bedroom Units. The majority of units are split level with several units featuring updated kitchens and baths with stainless steal appliances and hardwood flooring. The property has been seismically retrofitted under current ownership costing in excess of $200,000. This turn-key property presents a rare opportunity to own in desirable North Berkeley, close to Gourmet Ghetto while capturing $90,000 of potential upside bringing the units up to market rate.
  1. Listed by Grant Chappell • DRE #01700439 • NAI Northern California

Property Details for 2020 Cedar Street

City
BERKELEY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Other
Total # Parking Spaces
9
LISTING UPDATED: 08/30/2023 09:33 AM

Property Details for 2020 Cedar Street

StatusSold
MLS #41029340
Days on Compass31
Taxes$48,079 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1966
Lot Size0.16 AC / 7,000 SF
CountyAlameda County

Location

Listing Courtesy of NAI Northern California, Grant Chappell, DRE #01700439

Sold By BAY'S ELITE INVESTMENTS, Pedram Karbassi, DRE #01351640

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Building Information for 2020 Cedar Street

Stories-Residences9Year Built1966Building Size-Lot Size0.16 AC / 7,000 SF

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$23,258 per month

30 year fixed, 6.15% Interest

Principal and Interest

$19,252

Property Taxes

$4,007

HOA Dues

$0

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Property Information for 2020 Cedar Street

Features
Feature Details
  • Flooring: Other
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other Skirt
  • Lot Description: Other
  • Lot Sq Ft Apx: 7000
  • Lot Size Square Feet: 7000.0
  • Roof: Other
  • Sq Ft Apx: 8024
  • Year Built: 1966
Location Details
  • Directions to Property: MKL Jr. Way to Cedar St.
  • FIPS Code: 06001
  • Census Tract: 00
  • Parcel Number: 58-2173-25
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 9
  • Basement: Other
  • Tenant Pays: Other
  • Financial Data Source: Other
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 550
Unit 2
  • Unit 2 # Units This Type?: 2
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1.5
  • Unit # 2 Approx SqFt: 715
Unit 3
  • Unit 3 # Units This Type?: 6
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1.5
  • Unit # 3 Approx SqFt: 715
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Other
  • Tot Ann Oper Exp: 102804.0
Income / Expense Details
  • Annual Exp Year: 102804
  • Annual Gross Sched Income: $287,620
  • Annual Insurance Expense: $8,024
  • Annual License Expense: $10,725
  • Annual Maint Expense: $6,750
  • Annual Rent Income: $287,260
  • Annual Taxes: $48,079
  • Annual Util Expense: $16,920
  • Annual Vacancy: 8617.0
  • Gross Income: $278,642
  • Gross Rent Multiplier: 13.75
  • Net Operating Income: $175,838
  • Other Annual Expense: $12,208
Other Financial Information
  • Cap Rate: 4.45
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 2020 Cedar Street

DateEvent & SourcePriceAppreciation
Aug 29, 2023

Sold

MLSListings #EB41029340

$3,950,000
Aug 29, 2023

Sold

EBRD #41029340

$3,950,000
Aug 21, 2023

Sold (Public Record)

Public Record #1518229930

$3,950,000

+3.1% / yr

Jul 6, 2023

Pending

EBRD #41029340

Jul 6, 2023

Pending

MLSListings #EB41029340

Jun 5, 2023

Listed (Active)

EBRD #41029340

$4,050,000
Jun 5, 2023

Listed (Active)

MLSListings #EB41029340

$4,050,000
Feb 18, 2016

Sold

EBRD #40720527

$3,150,000
Feb 10, 2016

Sold (Public Record)

Public Record #565893787

$3,150,000
Dec 15, 2015

Pending

EBRD #40720527

Oct 26, 2015

Listed (Active)

EBRD #40720527

$3,395,000
DateEvent & SourcePrice
08/29/2023

Sold

MLSListings #EB41029340

$3,950,000
08/29/2023

Sold

EBRD #41029340

$3,950,000
08/21/2023

Sold (Public Record)

Public Record #1518229930

$3,950,000

+3.1% / yr

07/06/2023

Pending

EBRD #41029340

07/06/2023

Pending

MLSListings #EB41029340

06/05/2023

Listed (Active)

EBRD #41029340

$4,050,000
06/05/2023

Listed (Active)

MLSListings #EB41029340

$4,050,000
02/18/2016

Sold

EBRD #40720527

$3,150,000
02/10/2016

Sold (Public Record)

Public Record #565893787

$3,150,000
12/15/2015

Pending

EBRD #40720527

10/26/2015

Listed (Active)

EBRD #40720527

$3,395,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2020 Cedar Street

Taxable ValueLand$918,000Additions$3,106,410Total$4,024,410
Tax Record2025$66,541 ($5,545 / month)
Home Facts
Total Finished SqFt8,024 SqFtAbove Grade Finished SqFt8,024 SqFtStories3Lot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1966CountyALAMEDAAPN58-2173-25

Schools near 2020 Cedar Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Oxford Elementary School
PublicK to 5

Washington Elementary School
PublicK to 5

Cragmont Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Northern California, Grant Chappell, DRE #01700439

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.