SOLD 04/15/2024
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Commercial sold for $1,550,000 in 47 days
2334 Browning Berkeley, CA, 94702
Neighborhood: Poets CornerOff the market 5 or More Units
Great cash flow from this well maintained and managed 6-plex on a quiet street in the heart of Berkeley’s Poet District. There have been many upgrades to this 1960´s building including installation of double pane windows in all units and a complete remodel of the kitchens and baths in units 1,2,3 and 4. This included new kitchen cabinets, appliances, granite countertops, tile flooring in the kitchens and baths, and refinished hardwood floors in the bedrooms and hallways. Unit 5 also had the kitchen remodeled. New PSL installed 3/1/2024. Off-street parking for all 5 two-bedroom units. Fixed skylights in the bathrooms of units 4 and 5. Low maintenance landscaping, separate PG&E, separate water meters, and laundry room w/ leased coin operated machines. 8 blocks to North Berkeley BART, 3 blocks to West Berkeley’s vibrant restaurant district, 1 1/2 blocks to AC bus that goes to UC Berkeley and BART. 3 blocks to 3 other AC bus lines that go to Berkeley Amtrak and many other destinations. Priced at 11.39 X GRM and a 6.4% cash on cash return initially w/ existing under market rents with the potential of increased cash flow with future tenant turnover. Priced at $440 per sq. ft. & under $280k per unit. This pride of ownership building provides a solid investment for years to come.
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Property details
3,814 sqft interior area
Land area
6,000 sqft (0.14 acres)
Address
2334 Browning, Berkeley, CA, 94702
City of California
Berkeley
County
Alameda
Previous price
$1,679,000
Year Built
1962
Neighborhood
Poets Corner
District
Listing
Nearby major retailers
Costco
7-Eleven
MetroPCS
Whole Foods Market
Trader Joe's
Marshalls
Petco
Apple Store
Ross
Public Storage
Verizon Wireless
Supercuts
T-Mobile
Pet Food Express
AT&T
Safeway
O'Reilly Auto Parts
See's Candies
GNC
CVS Pharmacy
AutoZone
Chevron Food Mart
Shell
Dollar Tree
Amazon 4-star
Pet food express
Nordstrom
GameStop
The Home Depot
Toyota
O'Reilly auto parts
Wholesale: 1
Convenience: 13
Mobile phone: 17
Supermarket: 14
Department store: 5
Pet: 6
Electronics: 2
Storage rental: 1
Hairdresser: 3
Car parts: 3
Confectionery: 2
Nutrition supplements: 2
Chemist: 2
Variety store: 1
Video games: 1
Do it yourself: 1
Car repair: 1
Car: 1
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Interior Features
Hardwood, Tile, Carpet floors
Floor Covering
Hardwood, Tile, Carpet
Garage & Parking
Off Site, Parking Lot
Utilities Included
Wired For Cable TV, Natural Gas Available, Individual Electric Meter, Individual Gas Meter
Appliances
Disposal, Free-Standing Range, Refrigerator, Dryer, Washer, Gas Water Heater
Basement
None
Listed by
Bill Grimason, Winkler Real Estate Group
Name
Bill Grimason
License number
00744337
Brokerage company
Winkler Real Estate Group
MLS #
41051364
Buyer agent
Name
Jessie Lunsford
Brokerage company
Korman & Ng R.E. Services
Payment calculator
Calculate your monthly payments
Mortgage
$4,759
Taxes
$0
HOA dues
$0
Mortgage
$310,000 / 20%
2.28%
30 years
Your amount
$4,759 / month
Exterior Features
Stucco construction and more
Construction
Stucco
Lot details
TMK #561925131
Lot Description
Regular
Parcel nr.
561925131
Poets Corner neighborhood info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in Poets Corner
39%
Families with children
National average: 39%
51%
Non family households
277,219
Population
$139,056
Average Income
Age & gender
Median age 37 years
More info
Commute types
49% commute by car
More info
Education level
34% have bachelor education
More info
Number of employees
2% work in management
More info
Vehicles available
48% have 1 vehicle
More info
Vehicles by gender
48% have 1 vehicle
More info
Housing market insights for
$1.32m
Neighborhood average
sales price*
sales price*
$1.2m
Neighborhood median
sales price*
sales price*
502
Number
of sales*
of sales*
Housing type
35% are single detacheds
More info
Rooms
35% of the houses have 4 or 5 rooms
More info
Bedrooms
55% have 2 or 3 bedrooms
More info
Owners vs Renters
56% are renters
More info
13.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Green energy efficient
Efficient
Windows
Price history
Sold Apr 15, 2024
Poets Corner Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| 2 beds | $1.27m | 66.67% |
| 3 beds | $1.8m | 33.33% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 15, 2024 | Sold | $1,550,000 | 0 | Public Record |
| Apr 15, 2024 | Price Decrease | $1,550,000 -7.68% | 0 | MLS #41051364 |
| Mar 8, 2024 | Pending | $1,679,000 | 0 | MLS #41051364 |
| Feb 29, 2024 | New Listing | $1,679,000 | 0 | MLS #41051364 |
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Frequently Asked Questions about 2334 Browning
What is 2334 Browning?
2334 Browning is a Commercial/Industrial propertywith 3,814 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
2334 Browning, Berkeley, CA, 94702.
What comparable properties are nearby?
Comparable nearby commercial properties include 2575 San Pablo Ave, 2435 9th St, 2035 9th St, 2238 Roosevelt Ave, 2827 7th St, 1611 Mcgee Ave.
Based on information from the bridgeMLS as of 04-29-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 16, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Mi Tierra, 0.37 miles away and Milan Indian Grocery, 0.49 miles away.
The Poets Corner neighborhood has a population of 277,219, and 39% of the families have children. The median age is 37.05 years and 49% commute by car. The most popular housing type is "single detached" and 56% is renter.
