5-Units | Berkeley

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.