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Bay Area Properties
3088 Claremont Ave. @ The Uplands
Berkeley, CA 94705
Phone: 510-597-0292
CA BRE 01034286

diana yonkouski, broker/owner
510.368.1440 cellular

jamie pell, broker associate
415.531.3711 cellular
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Listing 4 out of 88
$1,395,000 For Sale

1380 Hopkins Street
Berkeley, CA 94702

3 units | Multi Family Home
4792 sq ft - MLS# 40847481
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Description

CAP RATE: 5.37% North Berkeley with Upside! 1380 Hopkins is a well maintained three (3) unit property in the quiet residential neighborhood of Northwest Berkeley. Built in 1934, the property consists of a two (2) bedroom house with an attached garage and an additional 2-bed / 1-bath and 1-bed / 1-bath units. The interior of the units are well kept and have a substantial amount of natural light. This property is in high demand from tenants due to its location and unique character. The subject property is located in the highly demanded area of Northwest Berkeley on the West side of Hopkins Street. Tenants benefit from being a short four block walk from North Berkeley BART Station. The quiet neighborhood is also home to Cedar Rose Park and nearby Ohlone Park. It is also a few minute walk from San Pablo Ave with a plethora of coffee shops, grocery stores, and conveniences. The desirable location of 1380 Hopkins will continue commanding premium rents.

Features

  • Property Type: Multi Family Home
  • Sub Type: TRIPLEX
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94702
  • Year Built: 1934
  • Age: 84
  • Units: 3 units
  • Lot Size: 4792 sq ft
  • Annual Expense Year: 26837
  • Annual Gross Fee Income: $103,860
  • Annual Gross Sched Income: $103,860
  • Annual Insurance Expense: $1,821
  • Annual Maintance Exp: 1500
  • Annual Rental Inc: 103860
  • Annual Total Oper Exp: 7944
  • Annual Utility Expense: $3,031
  • Exterior: Other Skirt
  • Heating: Other Heat
  • Lot Sq Ft Apx: 5000
  • Net Operating Income: $74,944
  • Other Annual Expense: $3,180
  • Park Spc Tot: 2
  • Unit 1: 2-Bedrooms, 1-Bathrooms, 1-Parking Spaces
  • Unit 2: 1-Bedrooms, 1-Bathrooms, 1-Parking Spaces
  • Unit 3: 2-Bedrooms, 1-Bathrooms
Courtesy of Joseph M. Tapia, Broker, Grant Chappell



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