Berkeley, CA 94704,2211 Haste Street
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Berkeley, CA 94704,2211 Haste Street
Berkeley, CA 94704,2211 Haste Street
Berkeley, CA 94704,2211 Haste Street
Berkeley, CA 94704,2211 Haste Street

$2,410,000

Est. payment /mo

$2,125,000

13.4%
Est.Price: ?

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2211 Haste Street Berkeley, CA 94704

3,998 Sqft Lot

SOLD DATE : 06/03/2024

Key Details

Sold Price $2,410,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41058871

Sold Date 06/03/24

HOA Y/N No

Year Built 1906

Lot Size 3,998 Sqft

Property Description

To access the marketing package copy/paste: https://bit.ly/kitehillre. OFFERS MAY 22ND BY NOON. Discover an exceptional investment opportunity at 2209-2211 Haste, a recently renovated duplex in the heart of Southside Berkeley just 2 blocks to campus. With a strong in-place income, this property offers an attractive combination of reliable returns, attractive metrics, and substantial upside potential. This property generates $15,800/month, resulting in an impressive annual income of $189,600, ensuring a steady and consistent cash flow. Priced at a competitive 10.88 Gross Rent Multiplier (GRM) and a 6.01% Cap Rate, it immediately delivers value for savvy investors. Additionally the property offers significant upside – 25% growth in rents and comes with plans for a 2 bed, 1 bath ADU. (Permit expired – buyer needs to resubmit the previously approved plans for a new permit.) Tailored for the student rental market, 2209-2211 Haste offers a total of 10 bedrooms and 5 bathrooms, including a spacious 7-bedroom, 3-bathroom layout and a comfortable 3-bedroom, 2-bathroom unit. This versatility caters to the diverse needs of the student population. The property's prime location just steps from the University of California Berkeley, with remarkable walk, transit, and bike scores.

Location

State CA

County Alameda

Interior

Heating Natural Gas

Flooring Wood

Fireplace No

Exterior

Garage None

Building

Lot Description Back Yard

Sewer Public Sewer

Others

Tax ID 055 188801700

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

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California Regional MLS (CRMLS)
Listed by Jatin Mehta • Pellego
Bought with Noah Matthew • The Agency

Alex Duarte

CEO | i01970077

+1(714) 373-6828

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