$1,900,000
$1,950,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
5,000 Sqft Lot
SOLD DATE : 05/22/2025
Key Details
Sold Price $1,900,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41085089
Sold Date 05/22/25
HOA Y/N No
Year Built 1929
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Property Description
Located just 0.3 miles from UC Berkeley, 1724 La Vereda Rd is a rare, high-performing student housing investment in North Berkeley's competitive rental market. Fully leased at $14,000/month with a history of near-zero vacancy, this turnkey four-unit property delivers immediate, reliable cash flow in a low-risk, high-demand sector. The 2,509 sq. ft. lot includes one studio, two 2-bed/1-bath units, and one 3-bed/2-bath unit across two buildings—each equipped with in-unit laundry and a fixed utility fee model, ensuring stable operating income. Steps from Safeway, Peet's Coffee, and the Gourmet Ghetto dining corridor, tenants enjoy built-in lifestyle convenience, while AC Transit and BART access just minutes away make commuting effortless. With a proven income stream and built-in demand, this is an unbeatable opportunity for investors seeking stability, growth, and long-term appreciation.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Flooring Tile, Vinyl, Wood
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
View Y/N Yes
View City Lights, Hills, Lake, Trees/Woods
Roof Type Shingle
Building
Lot Description Sloped Down, Yard
Sewer Public Sewer
Others
Tax ID 58220751
Financing Conventional
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Bought with Jan Lester Dayanghirang • Kollab Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "