1631 Julia St, Berkeley Presented by Andrew De Vries, MBA | ProbateAgent.com
1631 Julia St

Alameda County Multiunit Trust Sale - Listed for $869,000, Just Sold for $1,070,000 ($201,000 Over Asking) in 3 Weeks with Mulitple Offers! This rare South Berkeley Triplex, close to Berkeley Bowl, Adeline Street shopping and dining, as well as Downtown Berkeley and Cal, could be the perfect owner-occupied investment hybrid, family compound, or solid investment with upside for discerning buyers. 1631 Julia Street, which consists of a charming 3BD/2BA detached Craftsman Style home in the front, and a separate free-standing two-unit building in the rear that boasts two 2BD/1BA units with a two-car garage. Per the public tax records, the property measures 2,910 Sq Ft on the interior, and is located on a 4,760 Sq Ft lot with room for parking and tenant yard enjoyment. Held by long-term owners for many years, the building has a projected gross annual income in the $75,000 range, and a conservative possible Cap Rate of 5.5% on a projected 35% expense ratio WITH some possible capital improvements taken into account. Rents are as follows: Front House - $2080, Two Rear Units: $2090 (Section 8) and $2100.  This solid location, near Ashby Bart, shopping, dining, schools, parks and easy freeway and public transit access, should ensure an attractive tenant offering for years to come. 

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Alameda County Multiunit Trust Sale - Listed for $869,000, Just Sold for $1,070,000 ($201,000 Over Asking) in 3 Weeks with Mulitple Offers! This rare South Berkeley Triplex, close to Berkeley Bowl, Adeline Street shopping and dining, as well as Downtown Berkeley and Cal, could be the perfect owner-occupied investment hybrid, family compound, or solid investment with upside for discerning buyers. 1631 Julia Street, which consists of a charming 3BD/2BA detached Craftsman Style home in the front, and a

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(00) Features

  • Triplex
  • Berkeley Bowl
  • Adeline Street Shopping & Dining
  • Near Cal Berkeley
  • Charming 3BD/2BA Craftsman Style Front Home
  • Two Freestanding Units in the Rear
  • 2910 Sq Ft of Living Space
  • 4760 Sq Ft Lot
  • $75000 Projected Gross Annual Income
  • Possible 5.5% CAP Rate
  • Parking
  • Near Ashby BART

(00) Presented By

agent headshot
Andrew De Vries, MBA
Company
Probate Agent Real Estate Services - Berkshire Hathaway Home Services
Phone
415-585-5200
Email
andrew@probateagent.com
License #
01368031
1631 Julia St
Berkeley, CA 94703
C O N T A C T
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