Luxmore Real Estate
Listed by Luxmore Real Estate
$1,750,000
2639 Fulton Ave I 6.62% Cap Rate I Near UC Berkeley I 5 Unit
Details
APN 55-1827-15
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 3,768
Units 5
Cap Rate 6.62%
NOI $115,783
Tenancy Multi
Price per SqFt $464
Year Built 1930
Year Renovated 1970
Buildings 2
Stories 2
Lot Size (SqFt) 5,625
Zoning RESIDENTIAL
Parking Spaces 1 per unit
Investment Type Value Add
Multifamily | 5 Units | $350,000/unit
Marketing description
Two Buildings on one parcel, Victorian Triplex in front, Duplex in back.
0.8 miles / 16–18 min walk to UC Berkeley's Sproul Hall. Institutional-grade tenant demand with near-zero vacancy in the submarket.
Gross monthly rents of $14,844 ($178,128/yr) across 5 units. One unit currently vacant and under renovation — immediate upside upon lease-up at market rates of $3650.
On-site parking lot (rear) and laundry — premium amenities for Berkeley renters. Renovated vacant unit (2645) poised for immediate market-rate lease-up.
Investment highlights
- Prime UC Berkeley Location
- Strong In-Place Income
- Historic 1930 Victorian Asset
- Amenities & Value-Add
- Parking Lot for additional income or ADU potential
Listing Contacts
Luxmore Real Estate
Listed by Luxmore Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,783.00
$9,648.58/mo
Valuation Metrics
0
DSCR
6.62%
Cap Rate
6.62%
ROI
Map
Zoning
R-2 ResidentialTwo FamilyResidential Multi Unit 2
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View all 54 uses
View all 54 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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