1360 Berkeley Way - Apartments FOR SALE


Berkeley, CA 94702- Northwest Berkeley
$5,300,000 USD
949-929-9562
1360 Berkeley Way, Berkeley, CA for Sale
$5,300,000 USD
Apartments - FOR SALE
1/39
null | 6.26% Cap Rate

1360 Berkeley Way
Berkeley, CA 94702
Northwest Berkeley


OVERVIEW

To access marketing package contact the listing agent. Open House Schedule Sunday, Jun 15, 2025 | 12:00NN - 1:30PM Tuesday, Jun 17, 2025 | 12:00NN - 1:30PM Saturday, Jun 21, 2025 | 12:00NN - 1:30PM Thursday, Jun 26, 2025 | 12:00NN - 1:30PM Prime Location: Just blocks from North Berkeley BART, offering excellent walkability and transit access. Desirable Unit Mix: 11 one-bedrooms, 7 studios, and 1 two-bedroom penthouse—ideal for a diverse tenant base. Strong Income: Stabilized asset generating nearly $45,000 in monthly rent with potential for further growth. Major Capital Improvements: Includes new roof, electrical upgrades, renovated units, new boiler, water heater, dual-pane windows, and exterior paint. Tenant Appeal: Quiet residential street with close proximity to dining, parks, and cultural landmarks. Value-Add Potential: Opportunities for interior modernization and operational enhancements to increase income. High Demand Market: Located in one of Berkeley’s most sought-after neighborhoods with limited housing supply. Turnkey Investment: A well-maintained, cash-flowing asset in a top-tier East Bay rental market. 1360 Berkeley Way offers a rare opportunity to acquire a well-positioned multifamily property in one of Berkeley’s most desirable neighborhoods. This classic 1920s apartment building features an attractive unit mix and provides both strong in-place income and significant long-term upside potential. Located just blocks from North Berkeley BART station, the property boasts excellent walkability and access to public transit. Its prime location appeals to a wide tenant base, including students, professionals, and long-term residents. The building has been well maintained and benefits from substantial recent capital improvements, including a new roof, updated electrical systems, renovated units, new boiler, water heater, dual-pane windows, and fresh exterior paint. Interior modernization and operational upgrades present further value-add potential. With on-site parking, a quiet residential setting, and proximity to acclaimed dining, parks, and cultural institutions, 1360 Berkeley Way offers strong tenant appeal and consistent occupancy. The current unit mix includes 11 one-bedroom units, 7 studios, and 1 two-bedroom penthouse, generating nearly $45,000 in monthly rental income. For investors seeking a stabilized asset with upside in one of the East Bay’s highest-demand rental markets, 1360 Berkeley Way stands out as a compelling opportunity.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$481 USD /SF

# OF UNITS

19

PRICE/UNIT

$278,947

CAP RATE

6.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,150 SF

ZONING

-

APN/PARCEL ID

057-2073-017-00

ASK ABOUT THIS PROPERTY

Jatin MehtaKite Hill Real EstateMore Info
949-929-9562

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Jatin MehtaKite Hill Real EstateMore Info
949-929-9562

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