1631 Julia St Berkeley, CA 94703

This rare South Berkeley Triplex, close to Berkeley Bowl, Adeline Street shopping and dining, as well as Downtown Berkeley and Cal, could be the perfect owner-occupied investment hybrid, family compound, or solid investment with upside for discerning buyers. 1631 Julia Street, which consists of a charming 3BD/2BA detached Craftsman Style home in the front, and a separate free-standing two-unit building in the rear that boasts two 2BD/1BA units with a two-car garage. Per the public tax records, the property measures 2,910 Sq Ft on the interior, and is located on a 4,760 Sq Ft lot with room for parking and tenant yard enjoyment. Held by long-term owners for many years, the building has a projected gross annual income in the $75,000 range. and a conservative possible Cap Rate of 5.5% on a projected 35% expense ratio WITH some possible capital improvements taken into account. Rents are as follows: Front House - $2080, Two Rear Units: $2090 and $2100. This solid location, near Ashby Bart, shopping, dining, schools, parks and easy freeway and public transit access, should ensure an attractive tenant offering for years to come.