Chateau Shattuck is a rare 8-unit apartment community just steps away from UC Berkeley. This Victorian-style building offers a desirable unit mix of (5) studios, (2) 1 Bed 1 Bath, and (1) 3-bed 1 Bath unit. Strong, stable rental income $146,000 gross annual income and $98,000 NOI, reflecting a 4.6% cap rate at the current offering. Individually metered gas and electric by unit, on-site laundry facilities, parking lot in back and upside potential through unit-level renovations, rent optimization and ADU potential. An excellent addition to any multifamily portfolio in one of the East Bay's most enduring rental markets.
| MLS # | ML82056468 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1896 |
| Days On Site | 23 |
| Listing Provided By | Luxmore Real Estate | Travis Raciti |
| SQ Feet | 5,000 |
|---|---|
| Building(s) | 1 |
| Zoning | R3 |
| Acreage | 0.13 |
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Shingle |
|---|
| Property | 24584 |
|---|
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94705 |
| Area | 699 Not Defined |
| Listing VS Median (in 94705) | |
Price: $1,995,000 low | high Med: $1,995,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $399 low | high Med: $399 On site: 23 low | high Med: 23 | |
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94705 |
| Area | 699 Not Defined |
| Listing VS Median (in 94705) | |
Price: $1,995,000 low | high Med: $1,995,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $399 low | high Med: $399 On site: 23 low | high Med: 23 | |