Active
3028 Colby Street
Berkeley CA, 94705
$2,499,888
$575.22 per sqft
Active
4,346 sqft
Commercial
Built in 1910
Listed by Ramsin Jacob with Real Brokerage Technologies (619) 663-8680
5.12% CAP! Nestled in the peaceful Elmwood district of Berkeley, 3028 Colby graces the end of a serene cul-de-sac. Consisting of 5 units, 3 of 5 units are fully remodeled, with the largest unit featuring a new custom floor plan. All units are now leased to long-term tenants at full market value, showcasing the meticulous effort put into this investment. With all the hard work completed, the only thing left is to relax & enjoy the steady cash flow from this turnkey investment. Next to Alta Bates Medical Center, shopping, Whole Foods & just over a mile from the UC Berkeley campus. The front building features a 3-beds, 2-baths unit on the ground floor, complemented by two 1-bed, 1-bath units on the second floor. The rear building hosts a 2-bed, 1-bath unit on the top floor, and a 2-bed, 2-bath unit on the ground floor. Individual metering for electric, gas, & water in each unit places utility responsibility on the tenants, while the landlord covers garbage utilities. On-site parking & coin-operated laundry facilities for additional owner income. Enhanced with upgrades, an exceptional opportunity to acquire a building with robust cash flow & minimal expenses in this highly sought-after area. All of the makings for a stand out turnkey plug & play investment in a prime location.
ML81951494
MLSⓇ ID
January 16, 2024
Listed
April 18, 2024
Updated
Map
3028 Colby Street
Berkeley CA, 94705
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Gas
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Roof
Other, Shingle
School Information
School District
Other
Other Property Details
Area Name
699 - Not Defined
Taxes
$34,790
Tax Frequency
Annually
Days on Market
92
Garage
No
Parking Total
0
View
No
County
Alameda
Water Source
Public
Pool
No
Zoning
R-3
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
3/27/2024 | Price Change | $2,499,888 -11% |
2/27/2024 | Price Change | $2,799,888 -2% |
Listing Contact: (619) 663-8680
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/18/2024 at 2:08 AM UTC