Property Overview:
1723 8th St is a multi-family triplex in North Berkeley, CA, built in 1913. It offers three units: one 2-bedroom, 2-bath, one 1-bedroom, 1-bath, and one studio. The total living space is 1,756 sq. ft.. Features include a detached garage, 4 off-street parking spaces, and in-unit washer/dryer in the 2-bedroom unit. First time on the market in 45+ years.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 9.1% (lower than state average of 11.8%).
- Property crime risk: 9.8% (lower than state average of 10.8%).
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Schools:
Nearby schools: Cragmont Elementary, Martin Luther King Middle, Berkeley High.- Average SAT score: 1112 (566 Math, 546 English)—higher than state average of 975.
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Job Market:
- 63.0% white-collar jobs, 37.0% blue-collar jobs.
- Unemployment rate: 7.3% (higher than state average of 4.7%).
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Demographics:
- Community population: 8,407 (20.5% growth since 2000).
- 62.6% families with children.
- Largest age group: 25-34 years (17.23%), followed by 35-44 years (15.76%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 46.3°F (January), 75.0°F (July).
- Average rainfall: 25.9 inches/year.
- No snowfall.
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Cost of Living:
- Median household income: $43,345.
- Average annual spending: $39,140.
Property Features:
- Triplex:
- 1 x 2-bed, 2-bath unit (with in-unit washer/dryer)
- 1 x 1-bed, 1-bath unit
- 1 x studio
- Detached garage and 4 off-street parking spaces.
- Charming Berkeley brown-shingle style.
- Across from City of Berkeley Recreation Center, James Park, and James Tennis Court.
- Walking distance to 6th Street shops/restaurants, University Ave., Amtrak, bus stops, San Pablo Ave., and minutes to I-80.
- First time on the market in 45+ years.
Investment & Owner-Occupy Potential:
- High rental demand and stable cash flow for investors.
- Owner-occupy potential: Live in the 2-bed, 2-bath unit and collect rent from other units to offset mortgage costs.
- Note: Owner-occupied eviction is not allowed per Berkeley Rent Ordinances.
- Flexible opportunity for both investors and home buyers seeking a prime location with rental income benefits.
Location Benefits:
- Prime North Berkeley location.
- Walkable to parks, recreation, shopping, dining, and transit.
- Minutes to major highways for easy commuting.
- Family-friendly community with strong school options and amenities.