About 1313 Curtis St
Huge North Berkeley triplex, www.1313curtis.com; $100,000 price reduction! Current cap rate: 5.16% and current GRM: 13.31. Extra-large building, built in 1950, situated on an expansive 7,190-square-foot lot offering exceptional expansion potential, with ample space for a detached ADU, garage conversion, or possible future development. The property features approximately 3,633 square feet of living space across three spacious units, including one two-story 4bd/2.5bth unit, one two-story 4bd/2bth unit, and one 3bd/1.5bth unit. The 4bd/2.5bth unit will be delivered vacant at closing, presenting an excellent opportunity for an owner-occupant or investor looking to capture full market rent. The property has been thoughtfully updated with modern interiors and quality finishes throughout, including remodeled kitchens with granite countertops, stainless steel appliances, custom molding, wood flooring, new carpet, and fresh interior paint. Additional features include two garages, ample off-street parking, and separately metered water, gas, electricity, and garbage, providing efficient and cost-effective long-term management. The property is ideally located near many restaurants, coffee shops, and shopping options and is around the corner from Headlands Brewing Berkeley Bagels, Praaw Thai, Coffee Conscious, and Kiku Sushi. The property is close proximity to UC Berkeley, BART, and other forms of public transportation making this a high-demand location for tenants.
