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$1,850,000
Listing Price10beds
4baths
3,336sqft
5,500sqft lot
2713 Ridge Rd, Berkeley, CA 94709
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For Sale
Pending
Off Market
Home type
Price / sqft
Year built
Home Details
One block from UC Berkeley. Four units, ten bedrooms, all vacant. 2713 Ridge Road sits on Berkeley's Northside, one block from campus and minutes from the Euclid Avenue corridor. Nothing here comes with a tenant to work around - ten bedrooms across four units, a blank page for a buyer to fill in from day one, right where the need for a bed near Cal renews every August. Two 2BR/1BA units and two 3BR/1BA units, 3,336 SF on a 5,500 SF lot, built 1943. Five years of ownership reinvestment mean capital goes into interiors, not the envelope: new roof, front stairwell reconstruction, siding repair and paint, new windows, plumbing upgrades, new electrical panels, replaced sewer lateral. Partial bay views. Gas and electricity separately metered. Garage, three permitted street spaces, basement storage rooms, plenty of upside in the garage level for parking or ADU exploration, subject to city approval. Projected gross income $172,800, an 11.5 GRM, $598/SF, $498,750 per unit. Buildings this close to campus rarely trade, and they almost never trade empty. This one is doing both.
Interior Details
3336
10
4
Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
5500
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$12,431
$185,400
$432,600
--%
$618,000
2019
$11,697
$181,766
$424,121
--%
$605,887
2018
$11,449
$178,203
$415,807
--%
$594,010
2017
$11,030
$174,709
$407,655
--%
$582,364
2016
$10,520
$171,284
$399,664
--%
$570,948
2014
$10,441
$165,408
$385,952
--%
$551,360
2013
$10,442
$164,661
$384,209
--%
$548,870
2012
$9,848
$161,432
$376,676
--%
$538,108
Average Home Price in 94709
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