2433 San Pablo Avenue, Berkeley, CA 94702
2433 San Pablo Avenue, Berkeley, CA 94702
2433 San Pablo Avenue, Berkeley, CA 94702
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Bay Area Eichler Homes

Bay Area Eichler Homes

+1(408) 506-3942
$1,098,000
Est. payment /mo
4 Beds
2,352 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,352 sqft

Price per Sqft $466

MLS Listing ID ML82063627

Bedrooms 4

HOA Y/N No

Year Built 1942

Lot Size 5,450 Sqft

Property Sub-Type Quadruplex

Property Description

Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).

Location

State CA

County Alameda

Zoning C-W

Interior

Heating Natural Gas

Cooling No Air Conditioning

Fireplace No

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Berkeley (510) 644-6150

Others

Tax ID 0561928021

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Eymon Binesh • Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Bay Area Eichler Homes

Bay Area Eichler Homes

+1(408) 506-3942

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