1425-1427 M.L. King Jr. Way - Apartments FOR SALE


Berkeley, CA 94709- North Berkeley
$2,100,000 USD
510-384-1417
1425-1427 M.L. King Jr. Way, Berkeley, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/5
null | 4.46% Cap Rate

1425-1427 M.L. King Jr. Way
Berkeley, CA 94709
North Berkeley


HIGHLIGHTS

  • Ideal unit mix of (4) 2-Bed/1-Bath units
  • On site laundry
  • ADU potential
  • Off-street parking for all units
  • Located in the heart of Berkeley's Gourmet Ghetto
  • Walking distance to UC Berkeley's campus

OVERVIEW

Built in 1898, the property at 1415 Martin Luther King Jr. Way in Berkeley consists of four units within a three-story building, each offering a 2-bedroom, 1bathroom layout. The property is well located in one of Berkeley’s most desirable neighborhoods, within walking distance of UC Berkeley’s campus. Its unit mix, strong rental appeal, and proximity to the university make it an attractive investment opportunity for a new owner

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$1,005 USD /SF

# OF UNITS

4

PRICE/UNIT

$525,000

CAP RATE

4.46%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1898

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-2A, Berkeley

APN/PARCEL ID

059-2269-027-00

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 Notice.