1626-1654 Dwight Way - Apartments FOR SALE


Berkeley, CA 94703- South Berkeley
$5,250,000 USD
650-546-1030
1626-1654 Dwight Way, Berkeley, CA for Sale
$5,250,000 USD
Apartments - FOR SALE
1/51
null | 4.92% Cap Rate

1626-1654 Dwight Way
Berkeley, CA 94703
South Berkeley


OVERVIEW

1626 & 1654 Dwight Way presents a rare opportunity to acquire a 21-unit multifamily asset in Berkeley. The property features four studios, twelve one-bedroom units, and five two-bedroom units, with approximately 12,832 square feet of improvements on a 0.35-acre lot. Offered at $5,250,000 ($250k/unit), the property generates a 4.92% in-place CAP rate with significant rental upside and a projected 8.82% stabilized CAP rate. Ideally located near UC Berkeley, Downtown Berkeley, public transportation, and major East Bay employment centers.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

21

PRICE/UNIT

$250,000

CAP RATE

4.92%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

R2, Berkeley

APN/PARCEL ID

054-1806-025-03

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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