Multifamily
1590 Oregon St
1590 Oregon St, Berkeley, CA 94703
Listing Price: $5,396,000
Investment Overview
1590 Oregon St is a stunning 19-unit apartment community located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 15,035 square feet, the subject property was originally constructed in 1957 and has a gross livable area of 12,677 square feet offering its tenants beautifully designed one-bedroom and two-bedroom floor plans. The subject property has recently undergone interior and exterior capital improvements including hardwood style flooring, updated kitchens, granite countertops, modern cabinetry, updated bathrooms, dual pane windows, updated exterior façade, as well as numerous other renovations in select units. Additionally, the subject property offers tenants and residents numerous community amenities including a sunny community courtyard, secured private gated parking, secured entry, and on-site laundry facilities. The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1590 Oregon St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
1590 Oregon St
Investment Highlights
- Attractive Assumable Debt Financing - Current loan terms are set at an attractive 2.905% fixed term until 2031.
- Exceptional Berkeley Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the East Bay.
- The property consisting of beautifully designed two-bedroom and one-bedroom floor plans with select units featuring updated kitchens, granite countertops, modern cabinetry, and dual pane windows.
- Attractive Community Amenities - 1590 Oregon St offers tenants and residents numerous community amenities including a sunny community courtyard, secured private gated parking, secured entry, and on-site laundry facilities.
Exclusively Listed By
Investment Highlights
- Attractive Assumable Debt Financing - Current loan terms are set at an attractive 2.905% fixed term until 2031.
- Exceptional Berkeley Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the East Bay.
- The property consisting of beautifully designed two-bedroom and one-bedroom floor plans with select units featuring updated kitchens, granite countertops, modern cabinetry, and dual pane windows.
- Attractive Community Amenities - 1590 Oregon St offers tenants and residents numerous community amenities including a sunny community courtyard, secured private gated parking, secured entry, and on-site laundry facilities.
Investment Overview
1590 Oregon St is a stunning 19-unit apartment community located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 15,035 square feet, the subject property was originally constructed in 1957 and has a gross livable area of 12,677 square feet offering its tenants beautifully designed one-bedroom and two-bedroom floor plans. The subject property has recently undergone interior and exterior capital improvements including hardwood style flooring, updated kitchens, granite countertops, modern cabinetry, updated bathrooms, dual pane windows, updated exterior façade, as well as numerous other renovations in select units. Additionally, the subject property offers tenants and residents numerous community amenities including a sunny community courtyard, secured private gated parking, secured entry, and on-site laundry facilities. The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1590 Oregon St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Exclusively Listed By
