05-13-2022
05-13-2022
22 Domingo Ave, Berkeley, CA 94705
- First time on the market in almost 50 years
- Excellent location, a block off of Ashby Avenue, close to dining, shopping, and entertainment
- The impeccably maintained building will continue to command a premium rent in the market
- Well-maintained Pride of Ownership Asset with beautiful 1920s architecture
- Fifteen (15) units: (6) two-bedroom apartments, (9) one-bedroom, (3) basement storage units
Property Description
Originally built as the Claremont Hotel employee housing, this structure defies traditional architecture. With many original fixtures intact, it captures the roaring 20's genre with a grand and inviting entryway. This 14259 square foot, multi-family property consists of 15 timeless units; (6) two-bedroom apartments, (9) one-bedroom, (3) basement storage units, and (1) non-conforming apartment and a private roof deck with 360 degree panoramic views of the bay, the hills, and Claremont Hotel.
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SIGN INKey Property Information
Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 6,950,000
No. of Units
16
Cap Rate
4.61%
GRM / GIM
11.39
Year Built
1920
Building Size
14,259 Sq ft
Lot Size
6,180 Sq ft
Opportunity Zone
Off
Price per unit
$ 434,375