1360 Berkeley Way - Apartments FOR SALE


Berkeley, CA 94702- Northwest Berkeley | 
$4,750,000 USD
707-363-2463
1360 Berkeley Way, Berkeley, CA for Sale
$4,750,000 USD
Apartments - FOR SALE
1/39
null | 6.21% Cap Rate

1360 Berkeley Way
Berkeley, CA 94702
Northwest Berkeley


HIGHLIGHTS

  • Nineteen (19) Unit Multifamily Property: Eleven (11) One-Bedroom/One-Bath Units, Seven (7) Studio Units, and One (1) One-Bedroom/One-Bath Penthouse
  • Recent CapEx: Renovated Units, Updated Electrical, Newer Roof, Dual-Pane Windows, Boiler, Water Heater, and Fresh Exterior Paint
  • Strong In-Place Cash Flow
  • Premier Central Berkeley Location: Blocks from North Berkeley BART, Downtown Berkeley, and UC Berkeley
  • Excellent Access to Public Transit, Interstate 80, Shopping, Dining, and Major Employment Centers

OVERVIEW

The Mitchell Warren Team is pleased to present 1360 Berkeley Way, a nineteen (19)-unit multifamily property situated on a 5,625 square foot lot in one of Berkeley's most sought-after neighborhoods. Built in 1929, the approximately 11,011 square foot building features an attractive unit mix of eleven (11) one-bedroom/one-bath units, seven (7) studio units, and one (1) one-bedroom/one-bath penthouse unit, offering broad tenant appeal and stable in-place income. The property has been well maintained and benefits from significant capital improvements, including a newer roof, updated electrical systems, renovated units, dual-pane windows, a newer boiler, water heater, and fresh exterior paint, reducing near-term capital expenditure needs for a new owner. With its desirable unit mix, strong in-place cash flow, and exceptional Berkeley location, 1360 Berkeley Way presents a compelling investment opportunity for investors seeking long-term stability and appreciation in one of the East Bay's premier rental markets. 1360 Berkeley Way is ideally located in Central Berkeley, just blocks from North Berkeley BART Station and within walking distance of the city's renowned dining, shopping, and cultural amenities. Residents enjoy convenient access to Downtown Berkeley, the Gourmet Ghetto, the University of California, Berkeley, and Ohlone Park, while nearby Interstate 80 and University Avenue provide seamless connectivity throughout the East Bay and San Francisco. The property's highly walkable location, excellent public transportation options, and proximity to major employment centers continue to drive strong rental demand, making 1360 Berkeley Way an exceptionally well-positioned multifamily investment in one of the Bay Area's most desirable rental markets.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

19

PRICE/UNIT

$250,000

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Significant Upgrades | $250,000 Per Unit

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

0.11 AC

LAND SF

4,686 SF

ZONING

-

APN/PARCEL ID

057-2073-019-01

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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