Berkeley, CA 94704,2222 Haste
Listed by Jatin Mehta • Pellego
Bought with Noah Matthew • The Agency
$2,010,000
Est. payment /mo
$2,078,000
3.3%
Est.Price: ?

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3,339 SqFt
SOLD DATE : 09/09/2024

Key Details

Sold Price $2,010,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,339 sqft

Price per Sqft $601

MLS Listing ID 41069383

Sold Date 09/09/24

HOA Y/N No

Year Built 1896

Lot Size 6,700 Sqft

Property Sub-Type Quadruplex

Source Bridge AOR

Property Description

To access the marketing package copy/paste: https://bit.ly/kitehillre 2222 Haste is an exceptional investment opportunity tailored for the student rental market, offering a unique combination of convenience and functionality. With 7 bedrooms and 6 bathrooms, this property is designed to meet the demands of student tenants. Its versatile unit mix includes a studio, a 1-bedroom, a 2-bedroom, and a 4-bedroom with 3 baths, catering to a wide range of student needs and preferences. Located just three blocks from the south side of the UC Berkeley campus, 2222 Haste provides easy access to the university, making it highly attractive to students. The property boasts a strong and steady income stream, generating $10,877 per month, which amounts to an impressive annual income of $130,534. Additionally, there is significant potential to increase this cash flow, with a 32% upside in gross rents. Units 2220A and 2220B, in particular, present a remarkable opportunity for rental growth, with the potential to increase gross rents by 150% to 300%. This makes 2222 Haste not only a reliable source of income but also a valuable asset with room for further financial growth. Beyond its income potential, 2222 Haste offers practical features that enhance its appeal.

Location

State CA

County Alameda

Interior

Heating Natural Gas

Cooling No Air Conditioning

Flooring Carpet, Wood

Fireplace No

Laundry In Unit

Building

Lot Description Regular, Paved

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