South Berkeley Homes with 2 Houses / 1 Lot Lot description

Welcome to South Berkeley, a vibrant and eclectic neighborhood nestled in the heart of Berkeley, California, within the picturesque Alameda County. Known for its rich cultural diversity and strong community spirit, South Berkeley offers a unique blend of urban convenience and suburban charm, making it an ideal place for families and professionals alike.

One of the standout features of this captivating subdivision is the availability of homes with two houses on one lot. This distinctive property type not only maximizes space but also provides incredible versatility. Imagine the possibilities: whether you’re looking to accommodate extended family, create a rental opportunity, or establish a private home office, these dual residences allow for a myriad of living arrangements.

The homes in South Berkeley reflect a mix of architectural styles, from charming bungalows to modern designs, ensuring that there's something for everyone. Each property is thoughtfully situated within a community that boasts lush parks, local shops, and an array of dining options that celebrate the region’s culinary diversity. Residents enjoy easy access to public transportation, making commuting to nearby cities a breeze.

In addition to its practical advantages, South Berkeley is rich in community events and cultural offerings. From farmers' markets to art fairs, there’s always something happening that brings neighbors together. With its welcoming atmosphere and unique housing options, South Berkeley is not just a place to live; it’s a place to thrive. Come and discover the charm of this remarkable neighborhood—your dream home awaits!

Newest South Berkeley Homes with 2 Houses / 1 Lot Lot description

$1,600,000

41142511 MLS

Cap Rate - 3.67% (Current) | GRM – 10.98 (Current) Cap Rate – 6.08% (Proforma) | GRM – 9.20 (Proforma) We proudly present 2925 Mabel St in Berkeley, CA for sale. The multifamily asset features seven (7) total units across two separate buildings: a classic Victorian-style residence and a separate fourplex in the rear. The Victorian residence was converted into three (3) units, including a 3 bed / 2 bath and two (2) studios, while the fourplex is comprised of four (4) 1 bed / 1 bath units. A new driveway, new electric subpanels in the Victorian, completed sewer lateral, and SB 721 balcony clearance are some of the recent capital improvements. The property allows for multiple value-add strategies. The Victorian residence - which can be delivered vacant - can be converted back into a single-family home, or there is a potential for a lot split allowing the sale of the two buildings independently. Separate meters for electric and gas, and each building has separate water meters (2 in total). Located in Southwest Berkeley, the property is under one (1) mile from Ashby BART or quick access to Highway 80, allowing easy connections to Oakland, San Francisco, and the surrounding East Bay. A short distance to both UC Berkeley and Emeryville activities, the surrounding area offers an abundance of restaurants and shopping.

2925 Mabel St, Berkeley

Listing courtesy of Davide Pio from BCRE. 510-815-2000

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