$1,625,000

Discover this unique mixed-use property located in the heart of Berkeley. This building offers a combination of residential and commercial spaces, featuring three residential income units on the second level and three commercial/retail spaces at street level. The vacant residential unit is a 1-bedroom, 1-bathroom space with a notable feature: a spacious second-level loft accessible by an interior staircase in the unit. The size and presence of this loft allow the unit to function more like a 2-bedroom unit, potentially attracting higher rental income.* This unit has been freshly painted, features new (2025) carpeting, and boasts beautifully refinished wood floors, making it move-in ready. Directly below this vacant residential unit are vacant commercial spaces. This proximity offers a unique convenience for those considering plans for construction, conversion, or build-out of these street-level areas. The second level also houses two other occupied 1-bedroom units. Unit B is quaint, sunny, and well-maintained by its current tenant. The other occupied unit features a living room that is unusually large compared to most similar units. Both are on month-to-month tenancies. The commercial spaces are characterized by tall storefront facades, high ceilings, and abundant natural light. Their flexible layout makes them ideal for a variety of businesses, including office or service-oriented ventures. Notably, the two commercial units facing Roosevelt Avenue share a bathroom and kitchenette and have internal access, presenting an opportunity for a buyer to easily combine them into a larger single commercial space. The third commercial unit is currently occupied by a thriving herbal medicine practice that has been operating at this location since 1990. While the exact year of construction is not definitively known, historical documents suggest the property was operating as a grocer in 1914. The building clearly showcases the character, charm, and quality craftsmanship typical of the early 1900s. Adding to its distinctive appeal is a striking mural that adorns its north side, providing an eye-catching feature for passers-by. <strong>Parking:</strong> Off-street parking for one vehicle is available on the north side of the building. Street parking is convenient in this predominantly residential neighborhood. <strong>Yard and Common Areas:</strong> The north side of the property also features a delightful park-like garden. This shared outdoor space includes fruit trees, flowering shrubs, and pleasant seating benches, offering a tranquil oasis. <strong>Neighborhood Overview:</strong> The neighborhood has a residential character. Central Berkeley features a mix of historic homes, small apartment buildings, and single-family residences, many dating back to the early 20th century. The neighborhood’s tree-lined streets and architectural variety contribute to its charm. The area boasts excellent walkability and bikeability, with a WalkScore® of 82 and a BikeScore™ of 97. Public transportation is readily accessible, including the Downtown Berkeley BART station and multiple AC Transit bus lines, facilitating easy commutes throughout the Bay Area. Residents enjoy close access to the University of California, Berkeley campus, downtown shops, theaters, and a variety of dining options. The neighborhood’s central location makes it convenient for both daily errands and leisure activities. The neighborhood’s proximity to UC Berkeley brings a wealth of cultural and educational opportunities, including lectures, performances, and exhibitions. Additionally, the area hosts various community events and farmers’ markets. <strong>Other features:</strong> <dl><li>5 separate gas meters </li> <li>Laundry machines are coin-operated </li></li> <strong>Investment Summary:</strong> <dl><li>Price $1,625,000</li> <li>Price per square foot $312.00</li> <li>6% Proforma CAP rate - 2.5% In-Place CAP rate </li> <li>Building Class C </li> <li>NOI $37,330 Actual - $102,653 Projected </li> <li>50% occupied </li> <li>Residential units are on month-to-month tenancy </li> <li>Commercial tenant is leased to April 30, 2026</li></dl> <strong>Recent Improvements: </strong> <dl><li>Unit A: Interior paint, new carpeting (2025), wood floors refinished, vinyl flooring installed in kitchen, replaced appliances </li> <li>Unit 1718 - Interior paint </li> <li>Common areas and interior steps were recently re-carpeted </li></dl> <strong>Property Information:</strong> <dl><li>APN: 55-1908-5</li> <li>Year Built - Unknown </li> <li>Effective Year - 2300 Roosevelt, 1920 - 2302 Roosevelt, 1930, 1718 Bancroft, 1951 (Per Sellers inquire with the County Assessor) </li> <li>Building Size - 5,207 Sq Ft (per public record)</li> <li>Parcel Size - 4,494 Sq Ft (per public record)</li> <li>Property Type - Commercial </li> <li>Land Use - Commercial / Office / Residential / Mixed Use</li> <li>Zoning District R-2</li> <li>Contact broker for additional photos of occupied units and to schedule a showing appointment </li></dl> *Neither seller nor listing agent has investigated or verified the accuracy of any of these sources of information, nor do they guarantee any short-term, or increase in future long-term rental income.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential Income
• Home size: 5,207 ft² / 483.74 m²
• MLS: 41116462
• Status: Active

Map