INVESTMENT PROPERTIES

FOR SALE / GROUND LEASE / BUILD-TO-SUIT
OUTSTANDING DEVELOPMENT SITE
EL CERRITO / RICHMOND ANNEX, CALIFORNIA

DOWNTOWN
22-UNIT MULTI-FAMILY BUILDING
BERKELEY, CALIFORNIA

► Price Reduction!

LOCATION:  2015 Haste Street, Berkeley.

DESCRIPTION:  This is an excellent investment property located in a great downtown / south campus location. There are three buildings on two contiguous parcels. Unit mix is two studios, fourteen one-bedrooms, five two-bedrooms, and a four-bedroom two-bath penthouse unit.

BUILDING SIZE: Approximately 14,406 square feet.

LOT SIZE: Approximately 13,500 square feet.

PARKING: Secure garage of 15 spaces.

CURRENT GRM: 10.02

MARKET GRM: 7.63

CURRENT CAP: 5.9%

MARKET CAP: 9.0%

APN: 055-1896-013 & 055-1896-012

PRICE:  $3,095,000  $2,950,000

MAPPING LINKS:  Street View | Satellite | Map | Business Finder

PDF FLYER / P&L NUMBERS:  ►  New Window or Right-Click 'Save As' for Direct Download

CONTACT: Robert Englund (CA DRE No: 00995793) - 510.450-1430 - renglund@mrecommercial.com

CORNER RETAIL BUILDING
GREAT FRONTAGE / HIGH TRAFFIC
RICHMOND, CALIFORNIA

LOCATION:  12300 San Pablo Avenue, Richmond, California. Located on the north east corner at the signalized intersection of Barrett Avenue and San Pablo Avenue. Very Close to HWY 80 about one block from on and off ramps. Approximately 625 feet of total frontage: 425 feet of frontage on San Pablo Ave and 200 feet of frontage on Barrett Ave. Directly across the street from Kentucky Fried Chicken, Long John Silvers, and Subway, and within several blocks of Safeway, Home Depot, Wendy’s, Target, and many more national and local retailers.

BUILDING:  Approximately 13,870 square feet.

LAND:  Approximately 52,500 square feet.

DESCRIPTION:  Attractive, high-ceiling building in very hi-traffic area. Former auto showroom in front of building (+/-4,884 s.f.) and large garage area in rear of building (+/-8,456 s.f.) plus nice second floor office of approximately 530 square feet. Adjacent paved parking lot of approximately 39,000 square feet. High ceiling, expansive showroom windows. Building appears to be in very good condition and would be great for many types of retail uses. Building and land are priced to make tear-down and development a good possibility. (All square footage quoted herein is approximate and must be verified by buyer.)

AVAILABILITY:  Building is currently vacant. Great for owner / user or possibly for an investor willing to re-tenant.

ZONING:  General Commercial (retail, office, etc). Currently an automobile showroom and garage repair facility.

PRICE:  $2,100,000.

HIGHLY FLEXIBLE / DUAL USE
OFFICE / WAREHOUSE
EMERYVILLE / OAKLAND

LOCATION: 1078 60th Street at the Emeryville / Oakland border.

DESCRIPTION: This approximately 8,250-square-foot building is contiguous with its own 6,000-square-foot (+/-) gated parking lot! Currently configured into two sections, this is a great opportunity for an owner/user to occupy a portion and lease the remainder.

Front Section: Approximately 5,120 square feet (+/-) comprised of about 3,100 feet of gorgeous office space and 2,000 ft of high-cube warehouse.

Rear Section: Approximately 3,150 square feet comprised of about 1,400 square feet of upgraded office space and 1,750 feet of warehouse.

The building was constructed in 1988, later remodeled recently upgraded and updated with many high-end finishes, including Pergo-style flooring, marble and granite finishes, numerous skylights and designer lighting.

SIZE: Approximately 8,250 square feet, plus a 6,000-square-foot  (+/-) gated parking lot.

MAPPING LINKS: Street View | Satellite | Map | Business Finder

PRICE: $1,600,000 / $193.94 per square foot.

PDF FLYER:  ►  New Window or Right-Click 'Save As' for Direct Download

CONTACT: Dick Odenheimer (CA DRE No: 00990529) - (510) 450-1414 - rodenheimer@mrecommercial.com

PRIME OWNER-USER OFFICE BUILDING
EL CERRITO, CALIFORNIA

LOCATION:  10240 San Pablo Avenue near Lincoln Avenue.

DESCRIPTION:  An approximately 5,355-square-foot prime office building at a top location. Walk to BART, easy Freeway access and a wide lot with superb visibility and signage along San Pablo Avenue. Fifteen off-street parking spaces, five motorcycle / scooter spaces, plus bike parking.

Perfect for medical, dental, or other health practitioner use or for straight office. Approximately 3,348 square feet on ground floor and approximately 2,007 square feet on the 2nd floor.

Plans, permits and bids in place for major renovations. Complete set of diligence reports available.

GREAT AUTO REPAIR / RETAIL BUILDING
DEVELOPMENT POTENTIAL
EL CERRITO, CALIFORNIA

► Price Reduction!

LOCATION:  10929-10931 San Pablo Ave. / 5930-34 Alameda Ave.

DESCRIPTION:  Approximately 7,000 square feet of main retail building, with +/-1,600 square feet of warehouse space, large yard area and 3-bedroom, 1-bath house.

All tenants on month-to-month leases. Approximately 6,100 square feet currently houses two auto repair tenants. Great for continued auto repair use, or use good carrier income to redevelop the property. Right across the street from new El Cerrito City Hall and Civic Center. Next door to Midas. Lender owned, motivated seller.

LOT SIZE:  Approximately 17,788 square feet.

PRICE:  $1,300,000 $1,150,000

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LAND FOR SALE
2.89 ACRES ZONED A-2
CONTRA COSTA, CALIFORNIA

LOCATION:  4225 Franklin Canyon Road, Contra Costa.

DESCRIPTION:  This land, just four (4) miles east of Highway 80 on Hwy 4, is located directly on the Cummings Skyway exit, which is very close to the Franklin Canyon golf course. This location being four miles from highway 80 but in Contra Costa County offers great access.

Various uses could include agriculture, clubs, riding stables, churches etc.  Electricity and water to site, has pump (not in working condition).  A great potential investment with ability to lease to one or more tenants for income.

The property is Zones A-2 . There is a permit for dirt recycling and wood or chip recycling in place. A 6,000 sq.ft. building can be built under this permit with the county.

PRICE:  $1,150,000 / Owner will carry: 50% down.

CONTACT:  Matt Gondak (CA DRE No: 00832220) - 510-450-1434 - mgondak@mrecommercial.com

RETAIL / OFFICE / BANK / RESTAURANT
LARGE PARCEL / 33 PARKING SPACES
RICHMOND, CALIFORNIA
► BUY OR LEASE ◄

LOCATION:  2400 MacDonald Avenue, Richmond, California.

DESCRIPTION:  Modern building (1965) of approximately 6,350 square feet on a lot of approximately 22,500 square feet.  Currently occupied by Bank of the West, but may be delivered vacant in September 2008.

Across the street from Richmond Civic Center, which is undergoing extensive remodeling -- projected to be complete in 2009. Building, lot, and landscaping appear to be in excellent condition. Adjacent to 7-11, close to MacDonald's, Kragen, and Taco Bell, walking distance to BART. This site is located approximately 20 blocks West of the new MacDonald 80 Retail Center, anchored by Target and achieving rents in excess of $4.50 NNN (at Target Center).

Ideal for investment and/or for owner-user building.

CONFIGURATION:  Private parking lot contiguous building with 33 spaces, plus good street parking. Ground floor of approximately 4,900 square feet and second floor of approximately 1,450 square feet.

PARKING:  33 off-street spaces / plus abundant street parking.

SALE PRICE:  $1,095,000.

LEASE RATE:  $8,195 monthy, NNN.

PDF FLYER:  ►  New Window or Right-Click 'Save As' for Direct Download

MAPPING LINKS:  Street View | Satellite | Map | Terrain | Business Finder

CONTACT:  Roger Mills (CA DRE No: 00969403) - 510-450-1424 - rmills@mrecommercial.com

WAREHOUSE
LIGHT INDUSTRIAL
RICHMOND, CALIFORNIA

Click to Enlarge

LOCATION:  601 and 603 South 8th Street.

Great Location right at freeway on and off-ramps in both directions. Extremely easy to find this location, five minutes to Richmond Bridge. Fast access to entire bay area. This property has five buildings in their own little neighborhood and are separated by the freeway, which makes this location quieter and safer than most Richmond locations.

EXCEPTIONAL OPPORTUNITY
INDUSTRIAL / WAREHOUSE BUILDING
OAKLAND, CALIFORNIA

► Price Reduction!

LOCATION:  4701 Coliseum Way, just off High Street.

DESCRIPTION:  This approximately 14,000-square-foot reinforced concrete block building is in excellent condition. Completely rebuilt in 1984 with new glue lam beam roof system, sprinkler system, offices, restrooms, etc... Clear height ranging from 14-18 feet. Heavy power with 600 AMP 3 Phase. Two drive-in doors. Recently painted inside, as well as west and east exterior walls. New roof in 2005.

Highly visible from 880 Freeway, could be used for heavy retail/building supplies.

LOT SIZE:  Approximately 14,000 square feet.

PRICE:  $1,200,000 $990,000 / 10% down SBA financing!

WAREHOUSE / OFFICE / YARD / PARKING
RICHMOND, CALIFORNIA

LOCATION:  1000 13th Street Richmond, California 94801. Cross street: Coalinga Ave.

DESCRIPTION:  Approximately 5,215 square feet of building. 3,105 square feet of office, 2,110 sq.ft. of warehouse, plus a secure walled yard / parking area of approximately 5,250 sq.ft.

Constructed in 1984, this attractive wood-frame and stucco building includes a monitored fire and intruder alarm system, newer roof and HVAC units, an electric roll-up door and plenty of skylights.

High traffic / good visibility location with quick access to Marin, Oakland, Vallejo and San Francisco.

ZONING:  C-2. Live/Work may be possible.

BUYER NOTE:  All square foot numbers are approximate and must be confirmed by all prospective purchasers.

PRICE:  $895,000

Owner Financing Available - No Bank Loan Needed!

MAPPING LINKS:  Satellite | Map | Terrain | Business Finder

CONTACT:  Roger Mills (CA DRE No: 00969403) - 510-450-1424 - rmills@mrecommercial.com

AUTO BODY SHOP OR RETAIL / PARKING
23RD STREET
RICHMOND, CALIFORNIA

► Price Reduction!

LOCATION:  418 23rd Street, five minutes off Hwy 580 at the 23rd Street exit, or MacDonald exit off of Hwy 80.  Hi traffic location.  Other car related uses in area.

CORNER RETAIL BUILDING
HIGH TRAFFIC / CLOSE TO HWY 80
RICHMOND, CALIFORNIA

LOCATION:  12380 San Pablo Avenue, Richmond, California. Located at the signalized intersection of San Pablo Ave and Roosevelt Ave. The intersection also includes off and on ramps to HWY 80 located directly in front of building. Approximately 225 feet of total frontage: 125 feet of frontage on San Pablo Ave; and 100 feet of frontage on Roosevelt Ave. Located in the same block as Kentucky Fried Chicken, Long John Silvers, and Subway. Also within several blocks of Safeway, Home Depot, Wendy’s, Target, and many more national and local retailers.

BUILDING:  Approximately 6,696 square feet.

LAND:  Approximately 11,938 square feet.

PARKING:  6,272 square feet

DESCRIPTION:  Attractive building in very hi-traffic area. Former auto showroom building, +/-5,666 s.f. on ground floor and second floor office of +/-1,030 s.f. Adjacent paved parking lot of approximately 6,272 s.f. Very high ceilings. Expansive showroom windows. Building appears to be in very good condition and would be great for many types of retail uses. (All square footages are approximate and must be verified by buyer.)

AVAILABILITY:  Building is currently vacant. Great for owner user or possibly for an investor willing to re-tenant.

ZONING:  General Commercial (retail, office, etc). Currently an automobile showroom with potential for garage repair facility

PRICE:  $700,000.

FOR SALE OR LEASE
AAA OWNER-USER LOCATION
SMOG / OIL CHANGER / AUTO REPAIR FACILITY
RICHMOND, CALIFORNIA

► Price Reduction!

LOCATION:  4325 Macdonald Avenue at the corner of 44th Street, Richmond.

DESCRIPTION:  Approximately 1,575-square-foot double-bay former Oil Changers facility on a corner lot of approximately 10,000 square feet, with ample and secure off-street parking.

Directly across the street from main entrance to the new 200,000-square-foot Macdonald 80 Shopping Center - anchored by Target. Easy freeway access, great drive-by traffic count, outstanding signage and visibility.

LEASE RATE:  $2.75 PSF / Monthly, NNN.

CORNER AUTOMOTIVE
USED CAR / RETAIL / LOT AND BUILDINGS
HIGH TRAFFIC AREA
RICHMOND, CALIFORNIA

► Price Reduction!

LOCATION:  626 23rd Street, Richmond, CA 94804 (corner of Brooks Ave and 23rd Street, nine blocks from BART).

DESCRIPTION:  Corner commercial lot of approximately 5,000 square feet located on high-traffic 23rd Street. Great for many types of automotive or retail uses, especially used car lot. Total building area on lot is estimated at approximately 1,600 square feet consisting of two small attached buildings near rear of lot: 1,200 square feet of concrete block automotive or warehouse type building (suitable for conversion to retail use) and an adjacent wood framed building of approximately 400 square feet.  Both buildings appear as if they could benefit from upgrading and repairs.

BUILDINGS:  Approximately 1,200 and 400 square feet.

LOT SIZE:  Approximately 5,000 square feet (50’ wide x 100’ deep).

PRICE:  $225,000 $200,000.

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RETAIL WITH PARKING
BERKELEY, CALIFORNIA

► Price Reduction!

LOCATION:  1407 & 1411 San Pablo Avenue, Berkeley. Two blocks south of Gilman Street.

DESCRIPTION:  Totaling approximately 6,118 square feet of retail space. Structure:

• 1407 San Pablo – Approximately 1,750 sq. ft., cinder block construction, built in 1953.

• 1411 San Pablo – Approximately 4,368 sq. ft., cinder block and wood frame construction, built in 1936.

The buildings are connected within the interior and can be used as one building, or used separately. Each lot is 5,000 sq. ft., total of 10,000 sq. ft. of land. Roofs should be replaced.

This is an excellent retail location, high-traffic area, with parking. REI is nearby as well as the Pyramid Brewery and many other strong retailers.

Price was reduced in consideration of new roof and minor seismic upgrade. Wilderness Exchange will relocate.

PRICE: $1,223,000  $990,000 / 10% down, monthly payments of $6,314. Could lease 1407 San Pablo to reduce payment to about $4,000 per month.

PDF DOWNLOAD DOCS:
     ►  One-Page Flyer
     ►  Roof Report
     ►  Engineering Report
     ►  Space Diagrams

MAPPING LINKS:  Street View | Satellite | Map | Business Finder

CONTACT Matt Gondak (CA DRE No: 00832220) 510-450-1434 mgondak@mrecommercial.com

LENDER OWNED
GREAT OWNER-USER / INVESTOR RETAIL BLDG
ALBANY, CALIFORNIA

LOCATION:  636 San Pablo Avenue, near Garfield. Highly desirable Albany location with easy access to 80 and 580 freeway interchanges.

DESCRIPTION:  Approximately 4,876 square feet on the ground floor with additional 1,900 sq.ft. (+/-) of storage mezzanine. High ceilings, concrete block construction. Roll-up drive-in door. Two small retail spaces in building occupying 347 (+/) and 361 sq.ft. (+/-) of space. Short walk to BART and El Cerrito Plaza.

MARKET:  Developing area in the highly desirable Albany corridor with a number of new multi-story mixed use retail / residential condominiums, including the block-long Villa de Albany complex. Median annual household Income for Albany is about $67,000. Heavy drive-by traffic on major four-lane thoroughfare. Great for auto repair, gym or any other retail use needing a high ceiling, open floor plan.

• Great visibility and signage potential.

• Strong investment opportunity.

• Property is currently vacant.

PRICE:  $795,000

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POTENTIAL MIXED-USE CORNER
RETAIL / OFFICE / APARTMENTS / CONDOS
BERKELEY, CALIFORNIA

LOCATION:  849 and 845 University Avenue, corner of University and 7th, just a few blocks off Hwy 80.

DESCRIPTION:  Potential mixed-use development on this high-traffic corner with good visibility and easy access. Approximately 13,250 square feet of land with frontage on University Avenue of about 132 feet and a depth of 100 feet along 7th street.

SITE STATUS:  Initial inquires (must be confirmed by buyer) indicate that it may be possible to develop a four-floor mixed use building of approximately 40,000 square feet (depending on many factors, such as parking layout and allocation). Current Gas station lease is generating about $5,000 per month in income. Lease expires April 2010, which will provide income while plans are approved for building. Phase II has been performed and results indicate that no remediation is needed.

CURRENT USE:  Fully-operational service station with a building of approximately 1,650 square feet.

ZONING:  C-W

PRICE:  $1,525,000 ($115 per square foot of land) .

PDF FLYER:  ►  New Window or Right-Click 'Save As' for Direct Download

MAPPING LINKS:  Street View | Satellite | Map | Terrain | Business Finder

CONTACT:  Roger Mills (CA DRE No: 00969403) - 510-450-1424 | rmills@mrecommercial.com

COMMERCIAL OFFICE CONDO
ADJACENT PIXAR
EMERYVILLE, CALIFORNIA

LOCATION:  1195 Park Avenue, Emeryville.

DESCRIPTION:  Commercial office condo of approximately 2,100 square feet. Can be divided down into two (2) spaces and leased at 1,350 (+/-) and 750 (+/-) sq.ft.

Red brick and timber loft-style office space immediately adjacent PIXAR Studios.  Skylight / clearstory overhead glass. Quiet and dramatic, with high ceilings, this is a special space in a unique and special location.

Close to BART, free shuttle service to BART, bus lines, restaurants, Starbucks and many retailers. Located in converted warehouse area with lots of charm. Good street parking.

PERMITTED USE:  This is a commercial office condo and is not useable as a residence or live/work.

SALE PRICE:  $615,000

MAPPING LINKS:  Satellite | Map | Terrain | Business Finder

CONTACT:  Roger Mills (CA DRE No: 00969403) - 510-450-1424 | rmills@mrecommercial.com

FULLY-ENTITLED
20-UNIT TOWNHOME DEVELOPMENT
EL CERRITO, CALIFORNIA

LOCATION:  6431 Portola Drive, one door off San Pablo Avenue.

DESCRIPTION:  Entitlements just granted for this 20-unit townhome project situated on a level site of approximately 24,469 square feet. Adjacent new four city block El Cerrito Town Center development, walk to Safeway, Longs, Marshall’s, BART and planned new City Center complex.

► Ten (10) four-bedroom / 2.5-bath units.
► Ten (10) two-bedroom / 2.5-bath units.
► Each unit package includes two-car garage.

STRUCTURE:  Three-story wood frame over garage construction avoids costly podium, concrete and steel expenses.  Good project for modular construction.  Ready to obtain building permits!

PRICE:  $2,000,000

PDF FLYER:  ►  New Window or Right-Click 'Save As' for Direct Download

PDF DOCS (0.5 to 2.0 MB - Recommend Right-Click - 'Save As'):  Front Elevation | Combined Rendering | A-0 A-0 Site Plan | A-1 Elevation | A-2 Elevation | A-3 Sections | A-4 Unit Floor Plans | L-1 L1-1 Landscape Plan | Planning Commission Resolution

MAPPING LINKS:  Satellite | Map | Hybrid | Business Finder

CONTACT:  Erik Housh (CA DRE No: 00884250) - 510-450-1410 | ehoush@mrecommercial.com

UNIQUE RESTAURANT
NIGHTCLUB / CATERING / OFFICE FACILITY
AQUATIC PARK
BERKELEY, CALIFORNIA

LOCATION:  1 Bolivar Drive, at the foot of Addison Street.

DESCRIPTION:  Originally The Helmut Club (for firefighters), this building features a fully-operational commercial kitchen of approximately 2,345 square feet, plus a 6,601-sq.ft. (+/-) space comprising a large hexagonal open area with high ceilings, stage, a large room with bar and fireplace, and several additional office spaces.  Short walk to BART and El Cerrito Plaza.

The parcel, approximately 18,872 sq.ft., is located in a beautiful setting abutting Aquatic Park. Access to the Shoreline Park and running trail is by a bridge that terminates at the edge of the property.

VARIABLE USE:  Besides being suitable for a restaurant, nightclub, and/or event facility, the building can be used as a unique open office environment with or without income generated by the kitchen space, currently leased by a catering firm.

PARKING:  About 37 off-street parking spaces either on the property or on the adjacent city-owned lot.

► Potential Freeway Signage ◄

PRIME SOLANO AVENUE OFFICE BUILDING
ALBANY, CALIFORNIA

LOCATION:  1316 Solano Avenue, near Pomona.

DESCRIPTION:  Approximately 2,671 square feet of nice professional office space. Approximately 4,270 sq.ft. parcel with five (5) off-street parking spaces and pleasant rear patio area. Two stories with +/-1,388 sq.ft. on the first floor with ample private office, a nice sized conference room looking out onto the patio, a copy room, file room, reception area, kitchenette and restroom. The second floor of +/-1,283 sq.ft. includes six (6) nice private offices, an open area and a restroom. Building currently being used as law offices.

PRICE:  $1,300,000

PDF FLYER:  ►  New Window or Right-Click 'Save As' for Direct Download

PLEASE DO NOT DISTURB TENANT!

CONTACT:  Erik Housh (CA DRE No: 00884250) - 510-450-1410 | ehoush@mrecommercial.com

LOCALIZED LINKS
Satellite | Map | Hybrid | Business Finder

CONTAINER YARD / LAND FOR SALE
RICHMOND, CALIFORNIA

Click to Enlarge

LOCATION:  636 South 8th Street, corner of Hoffman, adjacent freeway exits of Harbour way and Marina exits.

DESCRIPTION:  Approximately 12,587 square feet of land.  Permit to buy and sell containers.  Property zoned highway commercial, but permit in place to buy and sell containers. About 40 Containers on site, eight 40-foot containers and the balance of 20-foot containers, included with sale.

PRICE:  $369,000

TERMS:  Owner will carry first with 30% down payment.

INVESTMENT/OWNER-USER OPPORTUNITY
5-UNIT MULTI-FAMILY BUILDING
BERKELEY, CALIFORNIA

LOCATION:  3151 Eton Avenue, corner of Claremont Avenue.

DESCRIPTION:  This is an excellent investment / owner-user property situated at a prime Claremont-Berkeley location close to the University of California, public transportation, and the Rockridge / Elmwood shopping areas.

Attractive Mediterranean-style building with a vacant three-bedroom owner’s unit of approximately 1,565 square feet with garage and laundry. Two (2) one-bedroom units, plus two (2) spacious two-bedroom units, the upper of which is vacant.

BUILDING SIZE: Approximately 5,199 square feet.

LOT SIZE: Approximately 4,800 square feet.

PARKING: Security garage.

CURRENT GRM: 14.92

CURRENT CAP: 4.0%

APN: 052-1563-166

PRICE: $1,469,000 Now $1,395,000!

RETAIL / OFFICE BUILDING
GREAT SHATTUCK AVE LOCATION WITH PARKING
BERKELEY, CALIFORNIA

ADDRESS:  2323 Shattuck Avenue, at Durant.  Map | Directions

SOLID OPPORTUNITY
13-UNIT MULTI-FAMILY BUILDING
BERKELEY, CALIFORNIA

LOCATION: 1550 Walnut Street, corner of Cedar.  Map | Directions

DESCRIPTION: This is an excellent investment property situated at a prime North Berkeley location close to the University of California and the “Gourmet Ghetto.” Seismic and recent extensive capital improvements are in place. 10 spacious two-bedroom, two-bath units: two one-bedroom units (1-PH): and a three-bedroom, two-bath unit.

BUILDING SIZE: Approximately 15,171 square feet.

LOT SIZE: Approximately 8,535 square feet.

PARKING: Secure garage of 13-plus spaces, concrete and steel reinforced.

CURRENT GRM: 10.93

MARKET GRM: 8.88

CURRENT CAP: 5.6%

MARKET CAP: 7.7%

APN: 059-2260-013

PRICE: $2,700,000

CONTACT:
Erik Housh (CA DRE No: 00884250) - 510-450-1410 | ehoush@mrecommercial.com
Robert Englund (CA DRE No: 00995793)  - 510-450-1430 | renglund@mrecommercial.com

ANOTHER SOLID OPPORTUNITY
15-UNIT MULTI-FAMILY BUILDING
BERKELEY, CALIFORNIA

LOCATION: 1555 Oxford Street, corner of Cedar.  Map | Directions

DESCRIPTION: This is a trophy-quality North Berkeley apartment property close to the University of California and “Gourmet Ghetto.” Seismic refit and extensive recent capital improvements. Views from many units. Comprised of 13 spacious two-bedroom, two-bath units: a one-bedroom, one-bath: and a three-bedroom, 2.5 bath owner’s unit.

BUILDING SIZE: Approximately 17,562 square feet.

LOT SIZE: Approximately 12,017 square feet.

PARKING: Secure garage of 15-plus spaces, concrete and steel reinforced.

CURRENT GRM: 10.91

MARKET GRM: 9.96

CURRENT CAP: 5.7%

MARKET CAP: 6.5%

APN: 059-2256-018-01

PRICE: $3,600,00

CONTACT:
Robert Englund (CA DRE No: 00995793) - 510-450-1430 | renglund@mrecommercial.com
Erik Housh (CA DRE No: 00884250) - 510-450-1410 | ehoush@mrecommercial.com

INVESTMENT OPPORTUNITY
MULTI-FAMILY BUILDING
BERKELEY, CALIFORNIA

LOCATION:  2607 Ellsworth Street, near Telegraph.  Map | Directions

Click to Enlarge

DESCRIPTION:  Five-story apartment building close to University of California, Berkeley, comprised of 12 two-bedroom units and a one-bedroom unit. Stucco over wood, composition roof in 2001, elevator and central heat.

BUILDING SIZE:  Approximately 11,150 square feet.

LOT SIZE:  Approximately 6,375 square feet.

PARKING:  Enclosed garage of 13 spaces.

APN:  055-1833-018

NUMBERS: CURRENT GRM:  10.78 MARKET GRM:  8.95 CURRENT CAP:  5.0% MARKET CAP:  6.8%
		Click for Sat View

PRICE:  $2,100,000

CONTACT: Robert Englund (CA DRE No: 00995793), 510.450-1430 | ROBSKYI@aol.com

AVAILABLE FOR PURCHASE
LEASED LIGHT INDUSTRIAL / OFFICE BUILDING
FOURTH STREET
BERKELEY, CALIFORNIA

LOCATION:  2322-28 5th Street & 2315-29 4th Street, Berkeley.

OFFICE BUILDING
THREE UNITS PLUS LEASED BILLBOARD
RICHMOND, CALIFORNIA

LOCATION:  4505 MacDonald Avenue  Map | Directions

DESCRIPTION:  Across the street from the old Wards store where the NEW TARGET STORE will be built, this approximately 3,906-square-foot concrete office building includes 15 parking spaces plus:

• Suite A - An approximately 1,114-sq.ft. chiropractor office on a month to month lease at $1,000 per.

• Suite B - An approximately 1,954-sq. ft. with four offices, large open area, two restrooms (one with shower), large waiting room - now VACANT.

• Suite C - An approximately 650-sq.ft. space leased at $600 per month until January 31, 2005 (with three-year option).

• Billboard leased at $504 per month with about eight years remaining.

EXCELLENT FOR OWNER OCCUPANT.  GREAT LOCATION IN BOOMING AREA.

UNIT MIX:  Three Office Suites.

PRICE: $595,000

CONTACT: Matt Gondak (CA DRE No: 00832220), 510.450-1434

AVAILABLE FOR PURCHASE
12-UNITS / THREE FOUR-PLEX APARTMENT BUILDINGS
BERKELEY, CALIFORNIA

LOCATION:  901-923 Dwight Way at 7^th Street.  Map | Directions

DESCRIPTION:  These three well-located buildings are in close proximity to West Berkeley / Emeryville employment base – Bayer Corporation, Nolo Press, Chiron, etc.

Most units have excellent improvements – including refurbished kitchens, refinished hardwood floors, stacked washer / dryers, electrical upgrades. There is a backyard area and adjacent 12 parking spaces. The buildings are on separate parcels.

Some leases have separate agreements for parking, appliances, water, trash.

UNIT MIX:  12 one-bedroom apartments.

PRICE: $1,225,000

GRM: 10.82 / 8.95

CASH ON CASH: 5.2% / 28.0%

PRICE PER SQ. FT: $164.25

MORE FACTS:  Built in 1943, two-story low-rise buildings, wood / stucco construction, shingle roof, 12 uncovered parking spaces, gas wall heating, 5,000 sq. ft. lot.

CONTACT: Robert Englund (CA DRE No: 00995793), 510.450-1430 | E-Mail

AVAILABLE FOR PURCHASE
FOUR UNITS AND COMMERCIAL STUDIO
NORTH BERKELEY, CALIFORNIA

LOCATION: 1521-1527 Francisco Street at Sacramento.  Map | Directions

DESCRIPTION: At a superb residential North Berkeley location, this property is comprised of four spacious one-bedroom apartments of approximately 1,000 square feet each.

UNIT FEATURES:

• Hardwood Floors.
• Built-in Cabinets.
• Large walk-in closets.
• French oak doors.
• Plentiful storage.
• Decks.
• Bay and Hill views from upper floors.

Includes a legally-permitted commercial studio and all units are separately metered for water and PG&E.  One block from the North Berkeley Bart Station and an easy stroll to shopping, transportation and great dining.

PRICE: $700,000

GRM: 12.5

PRICE PER UNIT: $175,000

PRICE PER SQ. FT: $164.16

MORE INFO –

• Four garage / storage spaces.
• Approximate lot size of 7,000 square feet.
• Stucco and wood frame construction.
• Approximate building area of 4,264 sq. ft.

Note: Unit 1523 is the owner’s residence and property is being sold contingent upon owner leasing back that apartment at a market rent of $1200 per month. Tenants in 1525 and 1527 currently pay $880 per month. Scheduled is the City of Berkeley Apparent Lawful Rent Ceiling.

CONTACT: Robert Englund (CA DRE No: 00995793), 510.450-1430 | E-Mail

AVAILABLE FOR PURCHASE
VICTORIAN DUPLEX
CENTRAL BERKELEY, CALIFORNIA

LOCATION: 1917 Curtis Street at University.  Map | Directions

UNIT MIX: Two three-bedroom apartments.

DESCRIPTION:  A very well maintained, highly attractive Victorian duplex. Recent improvements include new roof, exterior paint and drainage system.

Upper unit comprises three-plus bedrooms, one bath. Current rent is $2,030 per month.

Lower unit comprises three bedrooms, one bath. Current rent is $1,795 per month.

The one-car garage rents for $165 per month.

ANNUAL INCOME:  $47,880

PRICE:  $500,000

GRM:  10.4

CONTACT: Robert Englund (CA DRE No: 00995793), 510.450-1430 | E-Mail

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MRE Commercial Real Estate CA DRE #00884205
All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions.