5-Units | Berkeley

1716 Rose St, Berkeley, CA 94703

  • For Sale $2,398,000
  • Property Type Multi-Family
  • Property Size 4,251 SF
  • Units 5
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1963
  • Date Updated Sep 26, 2024
Welcome to North Berkeley, an exceptional enclave nestled in the heart of the vibrant and culturally rich city of Berkeley, California. This distinctive neighborhood exudes a unique charm that makes it an ideal destination for real estate investors seeking prime opportunities in the apartment building sector. North Berkeley is renowned for its tree-lined streets, historic architecture, and a dynamic community atmosphere that effortlessly blends urban convenience with a laid-back, bohemian vibe. Investors will find that North Berkeley boasts a diverse range of apartment buildings, each with its own character and appeal. From classic brownstones to modern, eco-friendly developments, the neighborhood offers a diverse portfolio that caters to a broad spectrum of preferences. With its proximity to renowned educational institutions such as the University of California, Berkeley, the demand for rental properties remains consistently high. This makes North Berkeley a strategic choice for investors looking to capitalize on a robust rental market and secure long-term returns on their investment. Beyond the real estate opportunities, North Berkeley is a haven for those who appreciate a rich cultural scene and a plethora of dining and shopping options. The neighborhood is dotted with quaint boutiques, local cafes, and gourmet restaurants, providing residents with a delightful blend of convenience and indulgence. The well-connected public transportation system and easy access to major highways make North Berkeley a practical and desirable location for both residents and investors alike. As you explore the myriad possibilities in North Berkeley, envision a lucrative future in the heart of a community that effortlessly combines history, innovation, and a thriving real estate market. Scores Walk Score - 86 Transit Score - 62 Bike Score - 86Welcome to 1716 Rose St, a versatile and well-appointed property in the heart of North Berkeley. This multifaceted building offers an array of living options, including a spacious 2-bedroom, 1-bath unit that can be converted into a 4-bedroom residence, two charming 1-bedroom, 1-bath units with high ceilings, and two large 3-bedroom, 2-bath units. With over 4,251 square feet of total living space, each unit averages 850 square feet, providing ample room for comfortable, modern living. The on-site shared laundry facilities add convenience and appeal, making it an attractive option for both tenants and owner-occupiers. This property is an ideal turnkey investment opportunity. Historically a successful medium-term rental, 1716 Rose St is being sold fully furnished, allowing investors to step into immediate cash flow with nearly $20,000 per month in gross income. Its meticulously maintained condition, thanks to consistent rental demand, ensures a hassle-free purchase with strong in-place cash flow. Moreover, with all units potentially vacant upon sale, owner-occupiers have the rare chance to personalize their living space or handpick tenants to suit their needs. Situated in a highly desirable location just one mile from UC Berkeley, this property boasts impressive walkability and access to public transportation. With an 86 walk score, 62 transit score, and 86 bike score, residents can easily explore nearby restaurants, shops, and cultural destinations. The property’s well-maintained status and prime location ensure lasting appeal for tenants and long-term value for investors.

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Highlights

  • Versatile Unit Mix: Includes a spacious 2-bed, 1-bath unit (with the potential to convert to a 4-bed, 1-bath), two 1-bed, 1-bath units featuring soaring ceilings, and two 3-bed, 2-bath units.
  • Turnkey Furnished Rental Opportunity: 1716 Rose St has a history of being a successful medium-term furnished rental. The property comes fully furnished, offering a hassle-free investment.
  • Owner-Occupancy Potential: This property is perfect for owner-occupiers, with the rare opportunity to have all units vacant at the time of purchase, providing flexibility and convenience for buyers.
  • Robust Cash Flow: Currently generating nearly $20,000 per month in gross income, offering strong in-place cash flow for investors.
  • Spacious Living: Boasting 4,251 square feet of total living space, with each unit averaging 850 square feet, residents can enjoy an open, comfortable environment.
  • Convenient On-Site Amenities: Shared laundry facilities on the property provide added convenience, increasing tenant satisfaction and boosting the property’s appeal.
  • Prime Location: Nestled in a coveted North Berkeley neighborhood, just 1 mile from the University of California, Berkeley. With an 86 walk score, 62 transit score, and 86 bike score, residents are within easy reach of popular restaurants, shops, and more.
  • Well-Maintained Property: Thanks to its use as a medium-term rental, the owners have kept the property in excellent condition, upgrading units over the course of ownership.

Contacts

broker

Jatin Mehta

Kite Hill Real Estate

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable
  • Transit Score ®

    62/100 Good Transit
  • Bike Score ®

    86/100 Very Bikeable
Powered by Walk Score ®
  • City Berkeley, CA
  • Neighborhood North Berkeley
  • Zip Code 94703
  • Market Bay Area

Points of Interest

  • North Berkeley

    0.49 miles

  • Downtown Berkeley

    0.91 miles

  • Berkeley

    1.48 miles

  • El Cerrito Plaza

    1.90 miles

  • Ashby

    1.95 miles

  • Emeryville

    2.83 miles

  • Redwood Valley Railway

    3.05 miles

  • MacArthur

    3.61 miles

  • El Cerrito del Norte

    3.74 miles

  • 19th Street BART Street Elevator

    5.08 miles

  • Chevron

    0.43 miles

  • #1 Gas

    0.58 miles

  • UC Gas & Food

    0.70 miles

  • Shell

    0.86 miles

  • SP

    0.90 miles

  • eVgo

    1.00 miles

  • Volta

    1.07 miles

  • Arco

    1.10 miles

  • Chargepoint

    1.79 miles

  • Tesla Supercharger

    2.06 miles

  • Solano Board Walk

    0.78 miles

  • Center Street Garage

    0.83 miles

  • Genetics Underground Garage

    0.88 miles

  • University Hall West Lot

    0.89 miles

  • Allston Way Garage

    0.90 miles

  • Tokyo fish market private parking

    0.98 miles

  • Wellman Courtyard

    0.99 miles

  • Lower Hearst Structure

    1.01 miles

  • Oxford Garage

    1.04 miles

  • UCB Parking

    1.06 miles

  • SenS Hotel

    0.52 miles

  • Quality Inn University

    0.62 miles

  • Super 8 Berkeley

    0.62 miles

  • Travelodge

    0.68 miles

  • Aiden by Best Western

    0.68 miles

  • Howard Johnson Berkeley

    0.70 miles

  • Rodeway Inn

    0.70 miles

  • Nash Hotel

    0.75 miles

  • Downtown Berkeley YMCA Hotel

    0.89 miles

  • Residence Inn by Marriott Berkeley

    0.91 miles

  • Gioia Pizzeria

    0.17 miles

  • Lo Coco's

    0.52 miles

  • Kamado Sushi

    0.52 miles

  • Cheeseboard Pizza

    0.52 miles

  • Barney's Gourmet Hamburgers

    0.54 miles

  • Ijo Izakaya

    0.55 miles

  • Saul's Deli

    0.55 miles

  • Flavia

    0.55 miles

  • Kirala 2

    0.55 miles

  • Tigerlily Berkeley

    0.55 miles

  • Martin Luther King Middle School

    0.20 miles

  • Crowden Music Center

    0.25 miles

  • Ruth Acty Elementary

    0.31 miles

  • Hopkins Early Childhood Center

    0.31 miles

  • Saint Mary's College High School

    0.34 miles

  • Archway School

    0.49 miles

  • School of the Madeleine

    0.53 miles

  • Berkeley Arts Magnet School

    0.55 miles

  • Kitchen On Fire

    0.55 miles

  • Marin Elementary School

    0.73 miles

  • Mustard Seed Preschool

    0.17 miles

  • Gay Austin School

    0.19 miles

  • The Berkeley School Early Childhood Center

    0.62 miles

  • Children's Community Center of Berkeley

    0.70 miles

  • Hearts Leap North

    0.71 miles

  • Woolly Mammoth

    0.72 miles

  • Dandelion Nursery School

    0.76 miles

  • Bright Star Montessori

    0.77 miles

  • Woolly mammoth

    0.78 miles

  • Preschool Montessori

    0.80 miles

Frequently Asked Questions

How much does 5-Units | Berkeley cost?

The space currently listed for sale at 5-Units | Berkeley asks for $2,398,000.

What is the total square footage of 5-Units | Berkeley?

5-Units | Berkeley totals 4,251 square feet.

When was this property built?

5-Units | Berkeley was built in 1963.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Jatin Mehta

Kite Hill Real Estate