951 University Avenue
951 University Avenue
$4,515,000
—
9,722
9,722
$464
Closed 8/30/22
Description
University Terrace is a beautifully renovated 10-unit apartmentcomplex located in NW Berkeley 4 blocksfrom 4th St, one of the most highly sought after retail corridors on the West Coast. Located at 933-951 University Ave the building is 9,722 SF is on a 10,200 SF lot On University Ave between 8th St & 9th St. The property is comprised of 8 X 2-bed townhome units and 2 X 1-bedroom units that are all individually metered for water/sewer, gas & electric leaving few operating expenses for the owner to...University Terrace is a beautifully renovated 10-unit apartmentcomplex located in NW Berkeley 4 blocksfrom 4th St, one of the most highly sought after retail corridors on the West Coast. Located at 933-951 University Ave the building is 9,722 SF is on a 10,200 SF lot On University Ave between 8th St & 9th St. The property is comprised of 8 X 2-bed townhome units and 2 X 1-bedroom units that are all individually metered for water/sewer, gas & electric leaving few operating expenses for the owner to pay for. The property just underwent a beautiful & extensive exterior & interior renovation. 6 of 10 of the units have been renovated down to the studs with high-end, condo-quality finishes. The six renovated units were recently put on the market for rent & were all leased within approximately 1 week at an avg. rent of $3,862 with no concessions offered. With the achieved rents, the in-place CAP rate is at 5.04% and there are still 4 unrenovated units providing further upside potential.
- Listed by Keith Manson • DRE #01490046 • CBRE
- Listed by Zachary W Greenwood • DRE #01960296 • CBRE
Property Details for 951 University Avenue
Parking Features
Attached, Garage, Uncovered
Cross Street8th Street
Total Parking Spaces16
Location
LISTING UPDATED: 09/01/2022 08:54 AM
Property Details for 951 University Avenue
Status | Closed |
---|---|
MLS # | 422680865 |
Days on Compass | 22 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1954 |
Lot Size | 0.23 AC / 10,201 SF |
County | Alameda County |
Location
Building Information for 951 University Avenue
Stories2Residences10Year Built1954Building Size-Lot Size0.23 AC / 10,201 SF
Payment Calculator
$29,999 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 951 University Avenue
Property History for 951 University Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 951 University Avenue
Taxable ValueLand$1,000,000Additions$3,515,000Total$4,515,000
Tax Record2023$64,303 ($5,359 / month)
Home Facts
Total Finished SqFt8,024 SqFtAbove Grade Finished SqFt8,024 SqFtStories2Lot Size10,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1954Year Renovated1958CountyALAMEDAAPN57-2092-10
Schools near 951 University Avenue
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 |
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Ruth Acty Elementary PublicK to 5 | ||
Berkeley Arts Magnet at Whittier School PublicK to 5 | ||
Thousand Oaks Elementary School PublicK to 5 | ||
Rosa Parks Environmental Science Magnet 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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