1444 Walnut St - Apartments FOR SALE


Berkeley, CA 94709- North Berkeley
$4,700,000 USD
510-409-0735
1444 Walnut St, Berkeley, CA for Sale
$4,700,000 USD
Apartments - FOR SALE
1/24
null | 5.13% Cap Rate

1444 Walnut St
Berkeley, CA 94709
North Berkeley


HIGHLIGHTS

  • Corner Location in the Heart Of North Berkeley's Gourmet Ghetto
  • Excellent Unit Mix of 2 Bedrooms, 1 Bedroom, and Commercial Space.
  • Most Units Been Renovated In The Past.
  • Across From Original Peet's Coffee Location

OVERVIEW

1444 Walnut St is a rare opportunity for a 11-unit trophy asset building available in Berkeley's esteemed Gourmet Ghetto, conveniently accessible from the original Peet's coffee located at the corner of Walnut and Vine, and only 3 blocks away from the prestigious University of California, Berkeley. This property comprises 9 apartments, 2 commercial spaces, an elevator, and secured parking with 6 spaces and 6 storage units. Unit mix consists of (five) 2 bed 1 bath units, (three) 1 bed 1 bath units, a 2 bed 2 bath 2 level penthouse with fireplace, and two commercial spaces on the ground floor. All the residential units have been updated and offers balconies with Bay Views. The two commercial spaces consist of an corner office space (800 sqft.) and a retail space (450 sqft.) located on the end of the building which has been occupied by the same business for over 24 years. With a Walkscore of 96, the location cannot be beat as you are in the heart of the Gourmet Ghetto offering a plethora of dining/food options, close to Downtown Berkeley BART, public transportation, and shopping. This is a great rar opportunity to acquire a prime asset in an excellent location.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$555 USD /SF

# OF UNITS

11

PRICE/UNIT

$427,273

CAP RATE

5.13%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg 1

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1965

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,400 SF

ZONING

C-1

APN/PARCEL ID

059-2261-004-03

ASK ABOUT THIS PROPERTY

Justin PaekKW Advisors East BayMore Info
510-409-0735

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

Justin PaekKW Advisors East BayMore Info
510-409-0735

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