Fully Occupied 4-Unit Value-Add Opportunity in Berkeley’s West Berkeley Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, with four dedicated surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.40% cap rate) plus clear upside as rents move toward market levels (6.17% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property’s location along San Pablo Avenue one of the East Bay’s most established residential and commercial corridors supports strong, consistent renter demand. Close to UC Berkeley, regional transportation, and vibrant retail and dining, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in a supply-constrained multifamily market. Priced at $1,198,000 ($299,500/unit, $509/SF).
Property Details
Price:
$1,198,000
MLS #:
ML82063628
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
699notdefined
Listed Date:
Oct 5, 2026
Finished Sq Ft:
2,352
Total Sq Ft:
2,352
Lot Size:
5,400 sqft / 0.12 acres (approx)
Year Built:
1942
See this Listing
Schools
School District:
Other
Interior
Cooling
NO
Exterior
Accessibility Features
NO
Parking Spots
4
Parking Total
4
Financial
Maintenance Fee
$3,000
Taxes
$20,939
Map
Community
- Address2429 San Pablo AV Berkeley CA
- CityBerkeley
- CountyAlameda
- Zip Code94702
Subdivisions in Berkeley
Market Summary
Current real estate data for Single Family in Berkeley as of Oct 07, 2026
132
Single Family Listed
45
Avg DOM
701
Avg $ / SqFt
$1,872,956
Avg List Price
Property Summary
- 2429 San Pablo AV Berkeley CA is a Single Family for sale in Berkeley, CA, 94702. It is listed for $1,198,000 and features 0 beds, 0 baths, and has approximately 2,352 square feet of living space, and was originally constructed in 1942. The current price per square foot is $509. The average price per square foot for Single Family listings in Berkeley is $701. The average listing price for Single Family in Berkeley is $1,872,956.
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