1675 EUCLID AVE Berkeley CA 94709-1229

1675 Euclid Avenue is a six unit apartment building, ideally located just steps from U.C. Berkeley. The property was built in 1929, and features a unit mix of one 3bd/2bth, one 2bd/1bth, one 1bd/1bth, and three studio apartments, totaling roughly 6,044 SF of rentable space. Five units are vacant, presenting the rare opportunity to purchase a near-fully vacant building only one block from UC Berkeley. Various capital improvements have been completed, including: a brand new roof and fresh interior/exterior paint. Additionally, the property features a large & unused off-street parking lot for additional ADU's or to rent when leasing the property. There is also a huge unfinished basement for possible unit conversion, storage, or other income opportunities.

North Berkeley is one of the most sought-after neighborhoods in the East Bay and is located along the northern border of the University of California, Berkeley. The neighborhood is a hub for entertainment and gourmet dining, with a myriad of eateries. North Berkeley is home to the Berkley Art Center, a focal point for artistic exploration and community building. North Berkley lies just north Downtown Berkeley, six miles north of Downtown Oakland, and 14 miles northwest of San Francisco, making for an easy commute to these various cities.

• Asking Price: $2,995,000

• Six Units Comprised of One 3bd/2bth, One 2bd/1bth, One 1bd/1bth, and Three Studio Apartments

• Five Units Delivered Vacant, Presenting the Rare Opportunity to Renovate & Lease at Market Rate

• Huge, Unused Parking Lot Perfect For Multiple ADUs

• Brand New Roof, Fresh Interior/Exterior Paint & Large Unfinished Basement Perfect For Unit Conversion

• Prime North Berkeley Location, Walking Distance to Parks, Restaurants, Shopping, Commute Options, and One Block to UC Berkeley

• Situated in One of the Bay Area's Hottest Rental Markets, Guaranteeing Low Vacancy for Years

• Ability to Implement RUBS to Offset Operating Expenses