2339 Hilgard Ave is a multifamily building in Berkeley, CA 94709. This 10,515 square foot multifamily building sits on a 6,250 square foot lot. The property consists of eight studios, five 1bd/1bth, and two 2bd/1bth units. There is off street parking, mature landscaping, on site storage, and coin operated laundry. The property is currently occupied, but has tremendous rental upside for the next owner, which can be advantageous in North Berkeley's hot rental market. The property is completely retrofitted, BESO compliant, Sewer Lateral compliant, and E3 complaint. The property offers a beautiful, aesthetically pleasing design, large spacious common areas, and larger than normal units.
2339 Hilgard is mere blocks from local retail stores, eateries, blocks from North Berkeley BART and has direct access to I-80, I-980 and Highway 24. 2339 Hilgard allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value. North Berkeley stands as one of the most desirable neighborhoods in East Bay. Million dollar homes cover the hills in styles inspired by early 20th-century architecture. Located along the northern border of the University of California, North Berkeley caters more to residential family life, while more students live on the southside. Despite the thousands of students attending school on a daily basis, North Berkeley remains a quiet neighborhood with a small-town character.
This is a tremendous opportunity for a buyer to acquire an attractive investment property in a great location, in a strong rental market with a lack of developable land, good demographics, a diverse economic base, and a strong source of growth in U.C. Berkeley. Opportunities such as this rarely come on the market in Berkeley, and this offers potential investors with significant upside, and the ability to cash flow from the first day of ownership.
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