714-745-2708

2429 San Pablo Avenue, Berkeley, CA 94702

$1,098,000 Approx. USD 0 beds, 0 baths
2,352 sqft

Reduced by $100,000 on 11/3/2026

Save My Notes

MORE INFO

Brochure

Marketed By The Keaty Team

View Team Members

Photo of Kevin Keaty

Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Kevin.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Listing Agent

Eymon Binesh | ebinesh@marcusmillichap.com
Lic#: 02060059
Broker: Courtesy of Marcus & Millichap
Phone: 650-546-1030

Agent Remarks

Four-Unit Value-Add Opportunity in Berkeleys West Berkeley Corridor! This uniform four-unit multifamily asset has four 1-bedroom, 1-bathroom apartments at 588 SF each (2,352 SF total) on a 0.12-acre lot, with four dedicated surface parking spaces. Three of the four units are leased (75% occupied), and the vacant unit lets a buyer set it at the $2,500 market rent on day one. In-place rents average ~$2,357 per unit, about 6% below market. In-place NOI of ~$69.6K (5.81% cap, 10.59 GRM) grows to a projected ~$76.3K stabilized NOI (6.37% pro forma cap, 9.98 GRM) as the building leases up and rents reach market. Electric and gas are individually metered, keeping owner-paid utilities low. Located along San Pablo Avenue, one of the East Bays most established residential and commercial corridors, near UC Berkeley, regional transit, and local dining and retail. Zoned C-W (West Berkeley Commercial). Priced at $1,198,000 ($299,500/unit, $509/SF).

Listing Details

Property type: Quadruplex (Multi-Family)

Status: Active

MLS# ML82063628

List price is $1,098,000 Reduced by $100,000 on 11/3/2026

Price: $1,098,000

Beds: 0

Baths: 0

Built in 1942

2,352 sqft

0.12 acres

Lot size: 0.1240

County: Alameda

Zoning: C-W

Parking description: Off Street

Heating/cooling: None

MLS area: 699 - Not Defined

Last Updated: 11/3/2026

Days On Market (DOM): 37

Find more Berkeley homes and real estate

Find more homes in 94702 zip code

This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.861840, -122.289438.
Find nearby listings

Mortgage Calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

94702 Area Map

Demographics

Schools