1380 Hopkins Street, Berkeley, CA 94702

$1,395,000
List Price
$1,395,000
Status
ACTIVE
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.

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

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Listing courtesy of GRANT CHAPPELL from JOSEPH M. TAPIA, BROKER

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Based on information from the Bay East Association of REALTORS® as of: All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.