Property Details
About this Property
1334-1336 Walnut St is a 5-unit, value-add apartment community spread across 2 structures totaling 4,382 SF located in the heart of the Gourmet Ghetto District in North Berkeley walking distance from UC Berkeley, the #1 public university in the world. This marks the 1st time that this property has been on the market in 25+ years. 1334 Walnut St is comprised of 4 650 SF 1-bed, 1-bath units, and 1336 Walnut St is a 1,822 SF 5-bed, 2-bath detached house. The structures are situated on a large 9,655 SF lot near the intersection of Walnut St & Rose St. The Property features secured access, a community garden, an on-site coin-operated laundry facility, and 11 secured, off-street parking spaces. In place rents are approximately 40% below projected market rate rent and there is an opportunity for additional income by charging for parking and billing tenants back for common area and master metered utilities upon unit turnover. There is potential to increase the Net Operating Income by 65%. The oversized lot provides an opportunity to increase the unit count by building detached ADUs while retaining parking spaces for the existing units. A Walker's Paradise (95 Walk Score), the property is situated 1 block from Shattuck Ave, The heart of Berkeley's famous Gourmet Ghetto District.
MLS Listing Information
MLS #
SF424062173
MLS Source
San Francisco Association of Realtors® MLS
Interior Features
Kitchen
Varies by Unit
Appliances
Dishwasher, Freezer, Microwave, Oven Range - Electric
Flooring
Carpet, Linoleum, Tile, Varies by Unit, Wood
Laundry
Coin Operated
Heating
Gas, Varies by Unit, Wall Furnace
Exterior Features
Roof
Composition, Shingle
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Contact Information
Listing Agent
Zachary Greenwood
CBRE
License #: 01960296
Phone: (510) 874-1918
Co-Listing Agent
Keith Manson
License #: 01490046
Phone: (510) 874-1919
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 5 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 650 | 1 | 1/0 | $2,098 | – | – |
| 2 | 1,822 | 5 | 2/0 | $3,856 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1334 Walnut St is a Residential Income in Berkeley, CA 94709. This 4,382 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 0. This address can also be written as 1334 Walnut St, Berkeley, CA 94709.
©2024 San Francisco Association of Realtors® MLS. 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 San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of October 29, 2024. For the most current information, please contact Zachary Greenwood, (510) 874-1918
