Home | Alameda County | Berkeley | 94702 | 2433 San Pablo Ave
MLS: ML82063627 | Status: Active | Price: $1,198,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,352 | 5,450 | 1942 |
Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).
| Field | Value |
|---|---|
| MLS # | ML82063627 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Gas |
| Feature | Details |
|---|---|
| Roof | Rolled/Hot Mop |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, Garage: 0 Car(s) |
| Elementary District | Berkeley Unified |
| High School District | Berkeley Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | C-W |
Eymon Binesh
Marcus & Millichap
License #: 02060059
Phone: (650) 546-1030
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 588 | 1 | 1/0 | $2,450 |
| 2 | 588 | 1 | 1/0 | $2,400 |
| 3 | 588 | 1 | 1/0 | $2,183 |
| 4 | 588 | 1 | 1/0 | $2,000 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 808 61st St | $1,050,000 | – | – | 4,622 | |
| 1324 Fitzgerald St | $999,000 | – | – | 2,694 | PendingDoNotShow |
| 901 55th St | $1,299,000 | – | – | 5,024 | Active |
| 835 45th St | $995,000 | – | – | 2,184 | Active |
| 1283 University Ave | $1,399,000 | – | – | 2,650 | Active |
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This listing information is up-to-date as of October 05, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030.