$4,244,000

1634 Oxford St is a 15-unit, value-add apartment building centrally located in the famous Gourmet Ghetto District of North Berkeley situated steps from the UC Berkeley, the #1 public university in the world. This marks the 1st time the property has been on the market in 25+ years. Built in 1958, this 10,217 SF structure is situated on a 6,800 SF lot. The building is comprised of 11 1-bed, 1-bath units, 3 2-bed, 1-bath units & 1 2-level 3-bed, 2-bath unit. The property features a secured formal lobby entrance, an on-site coin-operated laundry facility, a manager's office, 3 secured garages that are used for storage, 6 secured off-street parking spaces & an additional 2 off-street parking spaces. The Property has undergone significant capital improvements including a newer roof, new dual pane windows throughout, a seismic retrofit to remove the property from the Berkeley soft-story inventory list & 2 new tankless water heaters. In place rents are approximately 31% below projected market rate and there is opportunity for additional income through parking charges & utility bill-back. The NOI may be potentially be increased by 54%. A Walker's Paradise (96 Walk Score), the property is situated just steps from Shattuck Ave, the heart of Berkeley's famous Gourmet Ghetto District