Sold
Closed
1334 Walnut Street
Berkeley CA, 94709
$1,775,000
$405.07 per sqft
Sold
Closed
6 Beds
3 Baths
4,382 sqft
Multi-family
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.
424062173
MLSⓇ ID
September 3, 2024
Listed
November 22, 2024
Updated
Map
1334 Walnut Street
Berkeley CA, 94709
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
3
Full Bathrooms
3
Appliances
Dishwasher, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Refrigerator, Microwave, Varies By Unit
Laundry Description
Coin Operated, Common Area
Floor Description
Carpet, Linoleum, Tile, Wood
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Gas, Wall Furnace
Exterior/Building Features
Lot Size
0.22 Acres
Exterior Features
Yard Space
Lot Features
Shape Regular
Roof
Composition, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
Berkeley Map Area 1
Days on Market
27
Garage
No
Parking
Off Street
Parking Total
11
View
No
County
Alameda
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/29/2024 | Sold | $1,775,000 |
10/1/2024 | Pending | — |
Bought with Chuck Evans with Matthews Real Estate and Listed by Zachary W Greenwood (DRE #DRE #01960296) with CBRE
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 11/22/2024.
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Data last updated 10:53 PM UTC, 11/22/2024