1360 Berkeley Way - Apartments FOR SALE


Berkeley, CA 94702- Northwest Berkeley
$4,999,999 USD
916-513-0217
1360 Berkeley Way, Berkeley, CA for Sale
$4,999,999 USD
Apartments - FOR SALE
1/72
null | 6.95% Cap Rate

1360 Berkeley Way
Berkeley, CA 94702
Northwest Berkeley


OVERVIEW

Prime Location | Just blocks from the North Berkeley BART station, offering strong walkability, direct transit access, and close proximity to UC Berkeley, restaurants, parks, and cultural attractions. Attractive Unit Mix | 19 total units consisting of 11 one-bedroom units, 7 studios, and 1 two-bedroom penthouse, appealing to a diverse and stable tenant base. Strong In-Place Income | Currently generating approximately $45,000 per month in rental income with consistent occupancy and future upside potential. Recent Capital Improvements | Major upgrades include a new roof, electrical system improvements, renovated interiors, new boiler and water heater, dual-pane windows, and fresh exterior paint. Quiet Residential Setting | Located on a low-traffic residential street with convenient access to Berkeley’s main retail corridors, open spaces, and transit options. Value-Add Potential | Opportunity to increase rents through strategic interior updates and operational efficiencies. High-Demand Rental Submarket | Positioned in a strong Berkeley rental corridor with limited supply, low vacancy, and sustained tenant demand. Turnkey Investment | Well-maintained, stabilized asset offering dependable income with additional upside in a premier East Bay location.

FOR SALE DETAILS

PRICE

$4,999,999 USD

PRICE/SF

$454 USD /SF

# OF UNITS

19

PRICE/UNIT

$263,158

CAP RATE

6.95%

% LEASED

100%

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

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,150 SF

ZONING

-

APN/PARCEL ID

057-2073-017-00

ASK ABOUT THIS PROPERTY

Matthew BingamaneXp CommercialMore Info
916-513-0217

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Matthew BingamaneXp CommercialMore Info
916-513-0217

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