1682 Oxford St

Overview

Highlights

• Sold over asking!
• Procured several offers in a short marketing period
• Prime location only two blocks from UC Berkeley's North steps
• One unit delivered vacant at close allowing for an owner-user or investor buyer
• Zoned R-3 for versatile development options
• Long term upside potential upon turnover

Description

Team Chappell is pleased to announce the sale of 1682 Oxford Street. This 2,396 SF, 4-unit property, constructed in 1940, presents an attractive prospect for multifamily/low-rise/garden investors. Zoned R-3, this property offers versatile development potential, making it a sought-after asset in the thriving Berkeley area. This property promises both immediate income and long-term upside potential, making it an enticing prospect for astute investors.

Location

Located in the coveted Northside Neighborhood, 1682 Oxford St offers prime access to the UC Berkeley campus just a 9-minute, 0.3 mile walk to the engineering departments. Steps from the first and original Peets Coffee along with other Gourmet Ghetto establishments like Gregoire and Chez Panisse, tenants also have the option to enjoy Downtown Berkeley's dining, shopping and entertainment. The property’s close proximity to public transportation, especially Downtown Berkeley BART, and major thoroughfares allows for bike/car/walk optionality. With a strong demand for multifamily as well as large single-family residences in this sought-after locale, the property presents a safe and steady opportunity to Bay Area and student housing investors.

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