$2,010,000
$2,078,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
2222 Haste Berkeley, CA 94704
6,699 Sqft Lot
Key Details
Sold Price $2,010,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41069383
Sold Date 09/09/24
HOA Y/N No
Year Built 1896
Lot Size 6,699 Sqft
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre 2222 Haste is an exceptional investment opportunity tailored for the student rental market, offering a unique combination of convenience and functionality. With 7 bedrooms and 6 bathrooms, this property is designed to meet the demands of student tenants. Its versatile unit mix includes a studio, a 1-bedroom, a 2-bedroom, and a 4-bedroom with 3 baths, catering to a wide range of student needs and preferences. Located just three blocks from the south side of the UC Berkeley campus, 2222 Haste provides easy access to the university, making it highly attractive to students. The property boasts a strong and steady income stream, generating $10,877 per month, which amounts to an impressive annual income of $130,534. Additionally, there is significant potential to increase this cash flow, with a 32% upside in gross rents. Units 2220A and 2220B, in particular, present a remarkable opportunity for rental growth, with the potential to increase gross rents by 150% to 300%. This makes 2222 Haste not only a reliable source of income but also a valuable asset with room for further financial growth. Beyond its income potential, 2222 Haste offers practical features that enhance its appeal.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Flooring Carpet, Wood
Fireplace No
Exterior
Garage None
Parking Type None
Total Parking Spaces 3
Building
Sewer Public Sewer
Others
Tax ID 55188919
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
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Bought with Noah Matthew • The Agency