2925 Mabel St, Berkeley, CA 94702

Berkeley
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
2925 Mabel St,Berkeley, CA 94702
$1,600,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: davide pio, brian baniqued
Office: bcre510-222-0900
MLS#:41142511
Source:CRMLS

Price summary

  • Price:$1,600,000

About this home

Cap Rate - 4.11% (Current) | GRM – 10.39 (Current) Cap Rate – 6.08% (Proforma) | GRM – 9.20 (Proforma) We proudly present 2925 Mabel St in Berkeley, CA for sale. The multifamily asset features seven (7) total units across two separate buildings: a classic Victorian-style residence and a separate fourplex in the rear. The Victorian residence was converted into three (3) units, including a 3 bed / 2 bath and two (2) studios, while the fourplex is comprised of four (4) 1 bed / 1 bath units. A new driveway, new electric subpanels in the Victorian, completed sewer lateral, and SB 721 balcony clearance are some of the recent capital improvements. The property allows for multiple value-add strategies. The Victorian residence - which can be delivered vacant - can be converted back into a single-family home, or there is a potential for a lot split allowing the sale of the two buildings independently. Separate meters for electric and gas, and each building has separate water meters (2 in...

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Home facts

  • Year built:1889
  • Subdivision & Development:SOUTH BERKELEY
  • Listing ID #:41142511
  • Added:99 day(s) ago
  • Updated:October 30, 2026 at 12:10 PM

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Shingle, Tar Gravel
  • Year built:1889
  • Lot area:0.29 Acres
  • Lot Features:Street Level
  • Construction Materials:Stucco, Wood Siding

Finances and disclosures

  • Price:$1,600,000
  • Tax amount:$32,525

Parking

  • Total parking spaces:13
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