Court Royal

Prime North Berkeley Location: Located in the heart of Berkeley’s highly sought-after Northside neighborhood, just a five minute walk from UC Berkeley and the Gourmet Ghetto. Walk Score of 90 and Transit Score of 64 provide excellent accessibility for students and professionals alike.
24-Unit Multifamily Investment: Featuring a balanced unit mix of (7) Studios, (11) One-Bedroom/One-Bathroom, and (6) Two-Bedroom/Two- Bathroom units, the property caters to a wide tenant base, ensuring steady occupancy and long-term rent growth.
Strong In-Place Income with Upside Potential: Immediate upside through loss-to-lease recapture and incremental rent adjustments to market.
Value-Add Opportunity: With current average rents approximately 20- 25% below market, investors can capitalize on organic rent growth through turnover and light interior upgrades.
Attractive Physical Asset: Built in 1964, the ±25,644 SF building sits on a ±0.29-acre lot, offering 25 secure parking spaces and on-site laundry facilities. The property has been well maintained and benefits from excellent curb appeal and consistent upkeep.
Favorable Unit Sizes: Large average unit size of ±1,068 SF provides flexibility for future renovations or student-oriented leasing strategies to further enhance cash flow.
Proximity to Major Demand Drivers: Steps from UC Berkeley, Downtown Berkeley BART, AC Transit, and a variety of retail, restaurants, and employment centers, driving strong year-round rental demand.
Seller Financing Available: This property benefits from an owner who is willing to facilitate a Seller Financing transaction at a 4.50% interest rate.

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David Harrington