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Listed by: Eymon Binesh (650) 546-1030 DRE #02060059 | Marcus & Millichap (650) 391-1700
$1,198,000
Monthly Est:$5,963
-- Bed
-- Bath
2,352sqft
2433 San Pablo Ave, Berkeley, CA 94702
$1,198,000
$5,963/moEst:
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Quadruplex
Built in 1942
$-- HOA
5,450 sqft lot
$509/sq.ft
Description
Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).
- Houzeo last checked: 4 hours ago
- Listing updated: October 5, 2026 at 10:37 pm
- Source: California Regional MLS-CA | MLS#: ML82063627
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1942
HOA Fees
-
Finished Area
2,352 sqft
Lot Size
5,450 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
ML82063627
MLS Status
Active
Days on Market
2
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer
Cooling
None
Construction
Year Built
Year Built: 1942
Home type
Quadruplex
Foundation Details
Concrete Perimeter
Utilities & Energy
Parking Features
Off Street
Water Source
Public
Price History
| Date | Event | Price |
|---|---|---|
10/05/2026 Source: | Listed for Sale | $1,198,000 $509/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 11:00AM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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