48 Tunnel

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48 Tunnel

Berkeley, CA 94705
Asking Price
$500K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel of land measuring 1.44 acres available for sale.
  • Located in the Berkeley submarket of the Bay Area.
  • Property is situated at 48 Tunnel in zip code 94705.
  • Asking price for the site is set at 499,999 dollars.
  • Coordinate placement is verified at 37.8572, -122.2420.

What's Special

Berkeley serves as a prominent intellectual and economic hub within the San Francisco Bay Area, supported by the presence of the University of California and a robust research-oriented workforce. This 1.44-acre parcel of land sits in a established residential and institutional sector of the city, providing a strategic footprint for future development. Investors and developers often look to this submarket for projects that align with the dense, hilly landscape and the community's focus on sustainable urban planning. Given the size and location of the plot, it presents a functional foundation for custom residential construction or specialized development initiatives. Proximity to major transit corridors and academic institutions enhances the accessibility of the site for potential future occupants. The property offers enough space to accommodate nuanced design requirements while maintaining a presence in one of the region's most sought-after municipalities.

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NOI
$80,000
Cap Rate
16.00%
DSCR
2.69
Strong
Cash-on-Cash
33.54%
Monthly Payment
$2,473.722
Annual Cash Flow
$50,315.333

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