Pending

1334 Walnut Street

Berkeley CA, 94709

$1,850,000


$422.18 per sqft

Pending

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

October 1, 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

10/1/2024

Pending

Listed by Zachary W Greenwood 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 10/1/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Proof Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 9:03 PM UTC, 10/1/2024

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