Property Overview:
Two adjacent fourplexes at 1337 & 1347 University Ave, Berkeley, CA. Combined, these are 8 rental units on a 10,150 sq. ft. lot in the heart of Berkeley’s commercial corridor. Can be purchased separately or together.
- 1337 University: 2 x 1-bed/1-bath, 2 x 2-bed/1-bath
- 1347 University: 4 x 1-bed/1-bath
- Zoning: C-U (Commercial-Urban)
- Total Price: $1.35M (or $675K per fourplex; also listed as $600K for 1337 and $750K for 1347)
- Price per unit: Under $170K/unit
- Current rents: $11,800/month
- Market rent potential: $17,000/month
Neighborhood Highlights:
- Prime location on a major thoroughfare in Berkeley
- Steps from Target, top dining options, and North Berkeley BART
- Excellent tenant connectivity across the Bay Area
- Strong rental market with high demand and rental upside
- C-U zoning allows for cash flow and redevelopment potential
Property Features:
- Eight total units across two fourplexes
- Flexible purchase options: buy one or both
- Unit mix:
- 1337 University: 2 x 1-bed/1-bath, 2 x 2-bed/1-bath
- 1347 University: 4 x 1-bed/1-bath
- Combined lot size: 10,150 sq. ft.
- Value-add opportunity: below-market rents, potential for significant rental income growth
- Strong cash flow and redevelopment upside
Location Benefits:
- Central Berkeley location in a high-traffic commercial corridor
- Immediate access to public transit (BART), retail, and dining
- Desirable for tenants seeking convenience and connectivity
- Exceptional value in one of Berkeley’s strongest rental markets
For the marketing package, visit: https://forms.gle/KkKudmgnZkEXC5kY7