1380 Hopkins Street, Berkeley, CA 94702
- $1,395,000
- Sold Price
- $1,395,000
- List Price
- $1,395,000
- Status
- SOLD
- Closing Date
- Feb 05, 2019
- Year Built
- 1934
- MLS#
- 40847481
- Lot Size
- 5,000
- Type
- Multifamily
- Zip
- 94702
- city
- Berkeley
Property 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.
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Additional Information
- Annual Taxes
- 15662
- Annual Utility Expense
- 3031
- Annual Total Oper Exp
- 7944
- Lotdescription
- Other
- Flooring
- Other
- Heating
- Other Heat
- Cooling
- Other
- Basement
- Other
- Exterior
- Other Skirt
- Yarddescription
- Other
- Roof
- Other
- Parkingdescription
- Other
- Parking Spaces
- 2
- Water Sewer
- Other
- Building Type
- TRIPLEX
- Annual Gross Sched Income
- 103860
- Other Annual Expense
- 3180
- Addtlmiscfeatures
- Other
- Annual Maintance Exp
- 1500
- Possession
- Other
- Annual Rental Inc
- 103860
- Acres
- 0.11
- Terms
- Other
- Tenantpays
- Other
- Annual Insurance Expense
- 1821
- Net Operating Income
- $74,944
- Annual Vacancy Expense
- 2077
- Annual Expense Year
- 26837
- Gross Oper Income Act
- 101782
- Annual Gross Fee Income
- 103860
Mortgage Calculator
Listing courtesy of GRANT CHAPPELL from JOSEPH M. TAPIA, BROKER
Selling Office: .
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