About This Home
This 10-bedroom, 0-bathroom multi-family at 2713 Ridge Rd in Berkeley, CA is listed for $1,850,000 ($555 per sqft). Built in 1943, the home offers 3,336 sqft of living space on a 0.13 acres lot.
Key Features
- Built in 1943
- 0.13 acre lot
Property Details
Amenities
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.
Monthly Cost Estimate
$9,894/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2713 Ridge Rd
Berkeley, CA 94709
NORTHSIDE
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 10-bedroom, 0-bathroom multi-family at 2713 Ridge Rd is listed at $1,850,000 ($555/sqft). The estimated monthly payment is $9,895 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1943, 0.13 acre lot. Exterior Features: Back Yard.
This property is listed by Joey Wang and can be reached at 5105925554.