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  • 2433 San Pablo Avenue

2433 San Pablo Avenue, Berkeley, CA 94702

$1,098,000 Approx. USD 0 beds, 0 baths
2,352 sqft

Reduced by $100,000 on 11/3/2026
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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575
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Listing Agent


Eymon Binesh | ebinesh@marcusmillichap.com
Lic#: 02060059
Broker: Courtesy of Marcus & Millichap
Phone: 650-546-1030

Agent Remarks

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).

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# ML82063627
List price is $1,098,000 Reduced by $100,000 on 11/3/2026
Price: $1,098,000
Beds: 0
Baths: 0
Built in 1942
2,352 sqft
0.13 acres
Lot size: 0.1251
County: Alameda
Zoning: C-W
Parking description: Off Street
Heating/cooling: None
MLS area: 699 - Not Defined

Last Updated: 11/3/2026

 Days On Market (DOM): 36

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.861695, -122.289386.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575
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