1. California
2. Berkeley
3. 1412 Ninth St

1412 Ninth St, Berkeley, CA 94710

• 5,346 sqft

Property Description

To access the marketing package copy/paste: https://bit.ly/kitehillre. Nestled in the desirable Gilman District of Berkeley, 1412 Ninth Street is a well-maintained, 1958-vintage apartment building consisting of two fourplexes on a single lot. This property offers an ideal unit mix with (4) spacious 2-bedroom, 1-bath units and (4) cozy 1-bedroom, 1-bath units, providing a diverse and appealing living arrangement for tenants. On-site amenities include a coin-operated laundry facility, ample storage, and parking for up to 6 vehicles, ensuring convenience and comfort for residents. With a strong income potential, the property generates an average of over $1,900 per month per unit. There is also substantial upside in both gross rents, with a 20% potential increase, and Net Operating Income (NOI), which could rise by 30%. This makes 1412 Ninth Street a promising investment opportunity with plenty of room for growth in rental income. The property has been thoughtfully updated, with over half of the units featuring modern finishes. In addition, extensive capital improvements have been made, including updated bathrooms, new plumbing and electrical systems, roof replacements in 2012 and 2016, new energy-efficient windows, water heaters, and appliances.

Listing Status:

Active

Date Added:

February 28, 2025 at 06:00AM

Listing Office:

Kite Hill Real Estate : 855-450-0442

Listing Agent:

Jatin Mehta : 949-929-9562

MLS ID:

41087703

Interior

• Basement: None
• Flooring: Hardwood
• A/C: None
• Heating: Electric

Exterior

Construction

Location

Utilities

This listing courtesy of Jatin Mehta, Kite Hill Real Estate