1412 Ninth St, Berkeley, CA 94710 - Berkshire Hathaway HomeServices California Properties

1412 Ninth St, Berkeley, CA 94710

$2,098,000 Approx. USD 0 beds, 0 baths

Listing Agent


Jatin Mehta | jat@teamkitehill.com
Lic#: 02045713
Broker: Courtesy of Kite Hill Real Estate

Agent Remarks

To access the marketing package copy/paste: https://bit.ly/kitehillre. Nestled in the desirable Gilman District of Berkeley, 1412 Ninth Street is a well-maintained, 1958-vintage apartment building consisting of two fourplexes on a single lot. This property offers an ideal unit mix with (4) spacious 2-bedroom, 1-bath units and (4) cozy 1-bedroom, 1-bath units, providing a diverse and appealing living arrangement for tenants. On-site amenities include a coin-operated laundry facility, ample storage, and parking for up to 6 vehicles, ensuring convenience and comfort for residents. With a strong income potential, the property generates an average of over $1,900 per month per unit. There is also substantial upside in both gross rents, with a 20% potential increase, and Net Operating Income (NOI), which could rise by 30%. This makes 1412 Ninth Street a promising investment opportunity with plenty of room for growth in rental income. The property has been thoughtfully updated, with over half of the units featuring modern finishes. In addition, extensive capital improvements have been made, including updated bathrooms, new plumbing and electrical systems, roof replacements in 2012 and 2016, new energy-efficient windows, water heaters, and appliances.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41087703
List price is $2,098,000 Reduced by $72,000 on 3/12/2025
Price: $2,098,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1958
0.19 acres
Lot size: 0.1940
County: Alameda
Construction: Stucco
Lot description: Corner Lot
Heating/cooling: None
Heating description: Electric

Last Updated: 4/25/2025

 Days On Market (DOM): 60

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Lat/Long: 37.877635, -122.297588.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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