2334 Browning St

Beds
Baths
3,814 Sq. Ft.
$406 / Sq. Ft.
3,814
Sq. Ft.
$406
per Sq. Ft.

Description

Great cash flow from this well maintained and managed 6-plex on a quiet street in the heart of Berkeley’s Poet District. There have been many upgrades to this 1960´s building including installation of double pane windows in all units and a complete remodel of the kitchens and baths in units 1,2,3 and 4. This included new kitchen cabinets, appliances, granite countertops, tile flooring in the kitchens and baths, and refinished hardwood floors in the bedrooms and hallways. Unit 5 also had the kitchen...Great cash flow from this well maintained and managed 6-plex on a quiet street in the heart of Berkeley’s Poet District. There have been many upgrades to this 1960´s building including installation of double pane windows in all units and a complete remodel of the kitchens and baths in units 1,2,3 and 4. This included new kitchen cabinets, appliances, granite countertops, tile flooring in the kitchens and baths, and refinished hardwood floors in the bedrooms and hallways. Unit 5 also had the kitchen remodeled. New PSL installed 3/1/2024. Off-street parking for all 5 two-bedroom units. Fixed skylights in the bathrooms of units 4 and 5. Low maintenance landscaping, separate PG&E, separate water meters, and laundry room w/ leased coin operated machines. 8 blocks to North Berkeley BART, 3 blocks to West Berkeley’s vibrant restaurant district, 1 1/2 blocks to AC bus that goes to UC Berkeley and BART. 3 blocks to 3 other AC bus lines that go to Berkeley Amtrak and many other destinations. Priced at 11.39 X GRM and a 6.4% cash on cash return initially w/ existing under market rents with the potential of increased cash flow with future tenant turnover. Priced at $440 per sq. ft. & under $280k per unit. This pride of ownership building provides a solid investment for years to come.
  1. Listed by Bill Grimason • DRE #00744337 • Winkler Real Estate Group

Property Details for 2334 Browning Street

City
BERKELEY
Dist Neighborhood Subdiv
POETS CORNER
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Off-Site Parking, Parking Area
Total # Parking Spaces
5
LISTING UPDATED: 04/16/2024 03:00 AM

Property Details for 2334 Browning Street

StatusSold
MLS #41051364
Days on Compass7
Taxes$11,986 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1962
Lot Size0.14 AC / 6,000 SF
CountyAlameda County

Location

Listing Courtesy of Winkler Real Estate Group, Bill Grimason, DRE #00744337

Sold By Korman & Ng R.E. Services, Jessie Lunsford, DRE #02205491

Add your commute

Building Information for 2334 Browning Street

Stories-Residences6Year Built1962Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$8,553 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,554

Property Taxes

$999

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2334 Browning Street

Features
Feature Details
  • Flooring: Carpet, Hardwood Floors, Tile
  • Laundry: Dryer, In Laundry Room, Washer
Utility Details
  • Cooling: Ceiling Fan(s)
  • Heating: Gas, Wall Furnace
  • Water/Sewer: Water - Public
  • Energy Saving Feature: Skylight(s), Windows
Lot / Property Details
Property Details
  • Additional Equipment: Carbon Mon Detector, Double Strapped Water Htr, Dryer, Individual Electric Meter, Individual Gas Meter, Natural Gas Available, Washer, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Regular
  • Lot Sq Ft Apx: 6000
  • Lot Size Square Feet: 6000.0
  • Roof: Elastomeric
  • Sq Ft Apx: 3814
  • Year Built: 1962
Location Details
  • Directions to Property: Between Bancroft and Channing
  • FIPS Code: 06001
  • Census Tract: 4231/3
  • Parcel Number: 56-1925-13-1
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Disposal, Oven Range Free Standing, Refrigerator
  • Some Units Have: Deck, Updated Baths, Updated Kitchen
  • Units Total: 6
  • Basement: None
  • Separate Meters: Electric, Gas, Water
  • Tenant Pays: Electric, Gas, Water
  • Total Deposits: $13,175
  • Financial Data Source: Owner
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, License/Ads, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Utilities, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: No
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Rent: 2445
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Dining Room: No
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Rent: 2343
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: No
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 1
  • Unit # 3 Rent: 2358
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Dining Room: No
  • Unit # 4 Air Cond: No
  • Unit # 4 Fireplace: No
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 1
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Parking Spaces: 0
  • Unit # 4 Rent: 1829
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 Dining Room: No
  • Unit # 5 Air Cond: No
  • Unit # 5 Fireplace: No
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Rent: 1763
Building Details
  • Additional Features-Misc: Balcony/Patio, Wired For Cable TV
  • Apx Lot Acres: 0
  • On Site Parking Description: Off Site Parking, Parking Area
  • Tot Ann Oper Exp: 26547.0
  • Total Deposits: 13175
Income / Expense Details
  • Annual Exp Year: 2023
  • Annual Gross Sched Income: $147,322
  • Annual Insurance Expense: $3,388
  • Annual License Expense: $3,806
  • Annual Maint Expense: $1,913
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $480
  • Annual Rent Income: $146,842
  • Annual Taxes: $11,986
  • Annual Util Expense: $4,819
  • Annual Vacancy: 0.0
  • Gross Income: $147,322
  • Gross Rent Multiplier: 11.39
  • Net Operating Income: $120,775
  • Other Annual Expense: $2,548
Other Financial Information
  • Apprx Equity: 1679000.0
  • Cap Rate: 6.4%
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
  • Other Loans: No
Additional Information
Additional Information
  • Fireplace: No

Property History for 2334 Browning Street

DateEvent & SourcePriceAppreciation
Apr 15, 2024

Sold

EBRD #41051364

$1,550,000
Apr 15, 2024

Sold

MLSListings #EB41051364

$1,550,000
Apr 4, 2024

Sold (Public Record)

Public Record #1531831875

$1,550,000
Mar 7, 2024

Pending

MLSListings #EB41051364

Mar 7, 2024

Pending

EBRD #41051364

Feb 29, 2024

Listed (Active)

MLSListings #EB41051364

$1,679,000
Feb 29, 2024

Listed (Active)

EBRD #41051364

$1,679,000
Jul 1, 1997

Sold

RESFAR #21100654

$495,000
Jul 1, 1997

Sold

MLSListings #EB21100654

$495,000
Sep 18, 1996

Pending

RESFAR #21100654

Sep 18, 1996

Pending

MLSListings #EB21100654

Jul 26, 1996

Listed (Active)

RESFAR #21100654

$495,000
Jul 26, 1996

Listed (Active)

MLSListings #EB21100654

$495,000
DateEvent & SourcePrice
04/15/2024

Sold

EBRD #41051364

$1,550,000
04/15/2024

Sold

MLSListings #EB41051364

$1,550,000
04/04/2024

Sold (Public Record)

Public Record #1531831875

$1,550,000
03/07/2024

Pending

MLSListings #EB41051364

03/07/2024

Pending

EBRD #41051364

02/29/2024

Listed (Active)

MLSListings #EB41051364

$1,679,000
02/29/2024

Listed (Active)

EBRD #41051364

$1,679,000
07/01/1997

Sold

RESFAR #21100654

$495,000
07/01/1997

Sold

MLSListings #EB21100654

$495,000
09/18/1996

Pending

RESFAR #21100654

09/18/1996

Pending

MLSListings #EB21100654

07/26/1996

Listed (Active)

RESFAR #21100654

$495,000
07/26/1996

Listed (Active)

MLSListings #EB21100654

$495,000

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

Public Records for 2334 Browning Street

Taxable ValueLand$612,000Additions$969,000Total$1,581,000
Tax Record2025$28,521 ($2,377 / month)
Home Facts
Total Finished SqFt3,814 SqFtAbove Grade Finished SqFt3,814 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyALAMEDAAPN56-1925-13-1

Schools near 2334 Browning 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
Ruth Acty Elementary
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Thousand Oaks Elementary 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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Listing Courtesy of Winkler Real Estate Group, Bill Grimason, DRE #00744337

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.