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Listed by Jatin Mehta, DRE #02045713 • Kite Hill Real Estate
$1,225,000
Est. payment /mo
7 Beds
5 Baths
3,499 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,499 sqft
Price per Sqft $350
MLS Listing ID EB41125410
Bedrooms 7
Year Built 1919
Lot Size 4,480 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. 1535 Julia Street presents a rare opportunity to acquire a 100% occupied, five-unit multifamily property in one of the East Bay's most coveted and supply-constrained rental markets. The property offers an exceptional unit mix - (3) one-bedroom, (1) two-bedroom, and (1) three-bedroom/two-bath units - delivering immediate, diversified cash flow from day one while appealing to a broad spectrum of renters. With updated interiors and modern finishes throughout, the asset is well-positioned to command premium rents as units turn, with an estimated 30-40% rental upside on the horizon - a compelling value-add runway that sets this offering apart. Ideally situated minutes from Ashby BART Station, residents enjoy direct, seamless access to Oakland and San Francisco, making this a premier transit-oriented location that consistently drives leasing demand. The surrounding neighborhood offers strong walkability, robust bike infrastructure, and proximity to Berkeley's vibrant retail and dining scene - exactly the lifestyle amenities today's renters prioritize. Separately metered gas, electric, and water utilities shift costs to tenants and protect the investor's bottom line.
Location
State CA
County Alameda
Area Berkeley Map Area 8
Interior
Heating Gas
Cooling None
Flooring Wood
Laundry Laundry Facility - Coin-Op
Exterior
Exterior Feature Stucco
Parking Features Tandem Parking
Garage Spaces 5.0
Building
Lot Description Regular
Sewer Sewer - Public
Others
Tax ID 53-1610-6
Special Listing Condition Not Applicable
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