2231-2233 Grant St - Apartments FOR SALE


Berkeley, CA 94703- Downtown Berkeley
$5,328,000 USD
650-546-1030
2231-2233 Grant St, Berkeley, CA for Sale
$5,328,000 USD
Apartments - FOR SALE
1/31
null | 5.5% Cap Rate

2231-2233 Grant St
Berkeley, CA 94703
Downtown Berkeley


OVERVIEW

Marcus & Millichap is pleased to present 2231 Grant Street, a well-located 22-unit apartment community in Berkeley featuring a strong mix of spacious two-bedroom, one-bedroom, and studio floor plans. Situated in a highly desirable rental market with consistent demand, the property benefits from strong fundamentals, proximity to major employers and transit, and easy access to downtown Berkeley, UC Berkeley, and neighborhood retail. The property offers a 5.50% in-place cap-rate with upside to an estimated 9% return, combined with an exceptionally low price per unit, presenting a rare value-add opportunity in one of the Bay Area's most supply-constrained rental markets.

FOR SALE DETAILS

PRICE

$5,328,000 USD

PRICE/SF

$366 USD /SF

# OF UNITS

22

PRICE/UNIT

$242,182

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

057-2014-019-01

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.