Open: Sat, 12:00 PM - 1:30 PM

Active

Price Change

1412 Ninth St

Berkeley CA, 94710

$2,098,000


$392.44 per sqft

Active

Price Change

5,346 sqft

Multi-family

Built in 1958

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.

41087703

MLS ID

March 1, 2025

Listed

March 12, 2025

Updated

Interior Features

Floor Description

Hardwood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.19 Acres


Lot Features

Corner Lot


Sewer

Public Sewer


Security

Carbon Monoxide Detector(s), Smoke Detector(s)

Other Property Details

Area Name

Berkeley


Garage

No


Parking

Covered


Parking Total

7


View

No


County

Alameda


Utilities

Wired For Cable TV, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter

Listing History

Date

Event

Price

3/12/2025

Price change

$2,098,000

-4%

Open House Schedule

Sat, Mar 15th

12:00 PM - 1:30 PM PDT

Tue, Mar 18th

1:30 PM - 3:00 PM PDT

Listed by Jatin Mehta with Real Brokerage Technologies
Listing Contact: 949-929-9562 

Bay East  ©2025 CCAR  ©2025. bridgeMLS  ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 7:26 PM UTC, 3/12/2025.

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