$1,500,000
$1,500,000
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6,534 Sqft Lot
SOLD DATE : 07/31/2023
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision South Berkeley
MLS Listing ID 41026929
Sold Date 07/31/23
HOA Y/N No
Year Built 1896
Lot Size 6,534 Sqft
Property Description
1628 Fairview Street (5 - 1BR/1BA units) is more than a beautiful Victorian multifamily—it’s a rare opportunity for an investor like you to own a cash-generating property ($127K at current rents) that requires no major upgrades. The old brick foundation?—Replaced with poured concrete. The damaged woodwork along the trim and deck?—Refreshed and revitalized. The old roof?—Replaced in 2015. In other words, this will be a turnkey purchase for whoever is lucky enough to get their offer accepted. Physical amenities aside, what makes 1628 Fairview St. a great buying opportunity is its location between South Berkeley and Bushrod. Not only is it close to all the hustle and bustle of Shattuck, Telegraph, and College Avenues, but it’s also right by BART (Ashby station), multiple public parks, and it’s less than two miles from the UC Berkeley Campus. Other considerations worth noting: all units separately metered for gas and electric, onsite laundry facilities, and the sewer lateral is compliant.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Fireplace No
Appliance Dryer
Exterior
Roof Type Shingle
Total Parking Spaces 5
Others
Tax ID 52153526
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Bought with Pedram Karbassi • BAY'S ELITE INVESTMENTS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "