Home | Alameda County | Berkeley | 94702 | 2429 San Pablo Ave
MLS: ML82063628 | Status: Active | Price: $1,198,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,352 | 5,400 | 1942 |
Fully Occupied 4-Unit Value-Add Opportunity in Berkeley's West Berkeley Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, with four dedicated 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 (5.40% cap rate) plus clear upside as rents move toward market levels (6.17% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along San Pablo Avenue one of the East Bay's most established residential and commercial corridors supports strong, consistent renter demand. Close to UC Berkeley, regional transportation, and vibrant retail and dining, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in a supply-constrained multifamily market. Priced at $1,198,000 ($299,500/unit, $509/SF).
| Field | Value |
|---|---|
| MLS # | ML82063628 |
| 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 | $2,400 |
| 2 | 588 | 1 | 1/0 | $2,029 |
| 3 | 588 | 1 | 1/0 | $2,500 |
| 4 | 588 | 1 | 1/0 | $2,081 |
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 |
©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of October 05, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030.