2875 California Street is a ±1957 vintage, eight unit, multifamily property in a strong Berkeley rental market. The building is ±6,024 SF on a ±10,195 SF parcel. All two bedroom units, averaging ±750 SF, with desirable floor plans. Individual PG&E. Gas wall heat and stoves. Separate water meters and heaters. Fully parked. Owned laundry. The 2875 California Street location is in a Berkeley area of strong rental demand. Proximity to BART, freeways and public transit is good. Just 8 minutes, 1.6 miles to Cal. Community retail and services are nearby. Contiguous 1611 Russell Street, 10+ units, is on the market at $2,500,000. Combined, 2875 California and 1611 Russell is 18+ units offered at $4,600,000, equating to $255,556 a unit and a ±5.0% cap rate. Please, see the attached documents for the Offering Memorandum.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
