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3028 Colby St, Berkeley, CA 94705
$2,499,888
3028 Colby St, Berkeley, CA 94705View this property at 3028 Colby St, Berkeley, CA 94705
3028 Colby StBerkeleyCA94705
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Property Description
5.12% CAP! Nestled in the peaceful Elmwood district of Berkeley, 3028 Colby graces the end of a serene cul-de-sac. Consisting of 5 units, 3 of 5 units are fully remodeled, with the largest unit featuring a new custom floor plan. All units are now leased to long-term tenants at full market value, showcasing the meticulous effort put into this investment. With all the hard work completed, the only thing left is to relax & enjoy the steady cash flow from this turnkey investment. Next to Alta Bates Medical Center, shopping, Whole Foods & just over a mile from the UC Berkeley campus. The front building features a 3-beds, 2-baths unit on the ground floor, complemented by two 1-bed, 1-bath units on the second floor. The rear building hosts a 2-bed, 1-bath unit on the top floor, and a 2-bed, 2-bath unit on the ground floor. Individual metering for electric, gas, & water in each unit places utility responsibility on the tenants, while the landlord covers garbage utilities. On-site parking & coin-operated laundry facilities for additional owner income. Enhanced with upgrades, an exceptional opportunity to acquire a building with robust cash flow & minimal expenses in this highly sought-after area. All of the makings for a stand out turnkey plug & play investment in a prime location.
Full Property Details
Full Property Details for 3028 Colby St
General
- Price: $2,499,888
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: ML81951494
- Updated: 4/17/2024
- Added to Site: 103 day(s) ago
Additional Information
- Security/Safety: None
Parking
- Parking Features: Off-Street Parking
Location
- Area: Berkeley Map Area 9
- County: Alameda
Heating & Cooling
- Cooling Type: Central Air Conditioning (Gas/Forced Air)
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Individual Electric Meters, Individual Gas Meters
- Metering: Separate Electric, Separate Gas
Structural Information
- Foundation: Concrete Perimeter
- Roof: Shingle, Other
- Disability Access: Parking
- Square Feet: 4,346
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.1309
- Minimum Lot Size: 5700
- Building Sites: 2
- Zoning: R-3
Disclosures and Reports
- Restrictions: None
Listed by Real Brokerage Technologies, Ramsin Jacob
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Schools
Schools serving 3028 Colby St
School District:Berkeley Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2800 Forest Ave, Berkeley, CA 94705 | K-5 | 0.6 mi | |
2955 Claremont Ave, Berkeley, CA 94705 | K-5 | 0.7 mi | |
1731 Prince St, Berkeley, CA 94703 | K-5 | 0.9 mi | |
2425 Stuart St, Berkeley, CA 94705 | 6-8 | 0.4 mi | |
1980 Allston Way, Berkeley, CA 94704 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3028 Colby St
Date
Details
Price
Change
Source
3/27/2024
Price Reduced
$2,499,888
-10.71%
MLS
2/26/2024
Price Reduced
$2,799,888
-1.75%
MLS
1/16/2024
Listed
$2,849,888
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3028 Colby St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$37,051
246%
$2,450,000
749%
2022
$10,693
1%
$288,620
2%
2021
$10,608
10%
$282,961
—
2020
$9,662
9%
$281,957
3%
2019
$8,834
3%
$274,569
2%
2018
$8,592
5%
$269,187
2%
2017
$8,163
8%
$263,910
5%
2016
$7,538
2%
$252,363
2%
2015
$7,397
-2%
$248,572
2%
2014
$7,540
1%
$243,704
—
2013
$7,445
—
$242,604
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3028 Colby St
3028 Colby St, Berkeley, CA 94705 (MLS# ML81951494) is a Commercial Residential Facility property. 3028 Colby St is currently listed for $2,499,888 and was received on January 16, 2024. Want to learn more about 3028 Colby St? Do you have questions about finding other Commercial Residential Facility real estate for sale in Berkeley? You can browse all Berkeley real estate or contact a Coldwell Banker agent to request more information.