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2433 San Pablo Avenue, Berkeley CA 94702
2433 San Pablo Avenue, Berkeley CA 94702
California>Berkeley>Poet's Corner

2433 San Pablo AvenueBerkeley, CA 94702

For Sale

$1,198,000

Smart Buyer Rebate $11,980

Fully Occupied 4-Unit Value-Add Opportunity on Berkeley's San Pablo Avenue Corridor! This uniform four-unit multifamily asset features all one-bedroom, one-bathroom apartments at 588 SF each, plus four surface parking spaces a rare and valuable amenity in this walkable Berkeley submarket. 100% occupied with in-place rents currently running 8% below market, the property offers investors dependable in-place income (5.38% cap rate) plus clear upside as rents move toward market levels (6.13% pro forma cap). Individually metered electric and gas keep operating costs predictable, while the property's location along the vibrant San Pablo Avenue corridor steps from local restaurants, cafes, and neighborhood retail supports strong, consistent renter demand. Zoned C-W (West Berkeley Commercial) under the Avenue Commercial General Plan, this well-positioned asset combines a clean, easy-to-manage unit mix with genuine rent growth potential in one of the East Bay's most enduring rental markets. Priced at $1,198,000 ($299,500/unit, $509/SF).

Listed by Eymon Binesh

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License #02060059

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Marcus & Millichap

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650-546-1030

Last updated October 05, 2026

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Source: MLSL #ML82063627

Listing Facts

  • TypeMulti-family
  • NeighborhoodPoet's Corner
  • Days on Prevu26
  • Taxes$21,589/year
  • Size2,352 sqft
  • Price per sqft$509

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

10/05/2026
Listed by Marcus & Millichap
$1,198,000
  1. 10/05/2026$1,198,000
    Listed by Marcus & Millichap

Property Details for 2433 San Pablo Avenue

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Rolled/Hot Mop
  • Stories: 2
  • Year Built: 1942
  • Year Built Details: 2

Measurements

  • Building Area Total: 2,352
  • Lot Size Area: 5,450
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,450
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.38
  • Gross Income: $105,149.00
  • Operating Expense Includes: Gardener, Insurance, Maintenance, Utilities, Vacancy Allowance

Taxes

  • Parcel Number: 056-1928-021
  • Tax Annual Amount: $21,589.00

Interior

Measurements

  • Living Area: 2,352

Parking

Parking

  • Carport: Yes
  • Parking Features: Off-Street Parking
  • Parking Total: 4

Schools

Elementary School

  • Elementary School District: Berkeley Unified

High School

  • High School District: Berkeley Unified

Utilities

Equipment

  • Heating: Gas
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 2433 San Pablo Avenue.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 2433 San Pablo Avenue.

What are the annual taxes for 2433 San Pablo Avenue?

Annual taxes for this multi-family home are estimated at $21,589.

How does 2433 San Pablo Avenue compare to other multi-family homes in Poet's Corner?

This multi-family home is listed 0% below the average price for multi-family homes in Poet's Corner and has been on the market for 28 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,352 sqft.

2433 San Pablo Avenue is a -bedroom multi-family home for sale in Berkeley CA 94702. On Prevu for 26 days at $1,198,000. This property features 2,352 square feet of living space, located in Poet's Corner. The median listing price for multi-family homes in this area is $1,048,500. Property amenities include pets allowed and parking. Explore more multi-family home listings in Berkeley.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS as of 10/05/2026. 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. Data Services by Constellation Data Labs. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.