1300 Martin Luther King Jr Way - Apartments FOR SALE


Berkeley, CA 94709- North Berkeley
$2,500,000 USD
510-384-1417
1300 Martin Luther King Jr Way, Berkeley, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/4
null | 5.09% Cap Rate

1300 Martin Luther King Jr Way
Berkeley, CA 94709
North Berkeley


HIGHLIGHTS

  • Ideal unit mix of (3) 3-Bedroom & (2) 1- Bedroom units
  • On-site laundry
  • Located in the heart of Berkeley's Gourmet Ghetto
  • Located walking distance from UC Berkeley's campus
  • Located near the vibrant Shattuck Ave

OVERVIEW

Built in 1915, the property at 1300 Martin Luther King Jr. Way in Berkeley comprises five units in one two-story building. The property includes two one-bedroom units and three three-bedroom units and is known for its historical significance as the original home of architect Bernard Maybeck. Located in one of the most desirable neighborhoods in Berkeley, within walking distance of UC Berkeley’s campus, it presents a great investment opportunity for a new owner.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$518 USD /SF

# OF UNITS

5

PRICE/UNIT

$500,000

CAP RATE

5.09%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-2-A, Berkeley

APN/PARCEL ID

060-2447-037-00

ASK ABOUT THIS PROPERTY

Emil JellinekMarcus & MillichapMore Info
510-384-1417

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Emil JellinekMarcus & MillichapMore Info
510-384-1417

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.