2120 Grant St - Apartments FOR SALE


Berkeley, CA 94703- Downtown Berkeley
$3,800,000 USD
510-336-4721
2120 Grant St, Berkeley, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/48
null | 6.33% Cap Rate

2120 Grant St
Berkeley, CA 94703
Downtown Berkeley


HIGHLIGHTS

  • Over $1,000,000 in recent capital improvements
  • Located 6 blocks to UC Berkeley on a quiet street
  • Seismically retrofitted
  • Fully remodeled units with contemporary finishes
  • Mix of spacious eight 2-bed 2-bath and one 3-bed 2-bath unit

OVERVIEW

NAI NorCal is pleased to present 2120 Grant Street, a turnkey 9-unit property located on a quiet tree lined street . The building comprises 9 spacious units, each featuring private balconies and modern amenities. With over $1,000,000 in recent capital improvements, including seismic retrofit and unit remodeling, this property offers exceptional value. Ideally situated just six blocks from UC Berkeley, it appeals to both students and working professionals seeking proximity to the vibrant campus. The mix of eight 2-bed 2-bath and one 3-bed 2-bath unit is unique to this submarket, appealing to a broad tenant base. The property also has city approved plans for two additional 3-bed 2-bath ADU's, further increasing the property's income potential. Ideally located on a quiet street bear downtown Berkeley, the property's location appeals to both students and young professionals. Residents benefit from the close proximity to BART, UC Berkeley and Shattuck Ave. With an abundance of national retailers and local businesses nearby, the area offers an array of dining and retail options. North Berkeley's Gourmet Ghetto, home to Chez Panisse and Cheese Board, is also a short walk away.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$517 USD /SF

# OF UNITS

9

PRICE/UNIT

$422,222

CAP RATE

6.33%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R2

APN/PARCEL ID

056-2012-011-00

ASK ABOUT THIS PROPERTY

Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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