2231-2233 Grant St - Apartments FOR SALE


Berkeley, CA 94703- Downtown Berkeley
$4,828,000 USD
650-546-1030
2231-2233 Grant St, Berkeley, CA for Sale
$4,828,000 USD
Apartments - FOR SALE
1/47
null | 6.39% Cap Rate

2231-2233 Grant St
Berkeley, CA 94703
Downtown Berkeley


HIGHLIGHTS

  • Rare 22-unit Berkeley multifamily asset offered at $219,455/unit and $288/SF, providing investors an attractive basis in a highly desirable, supply-co
  • Stable cash-flowing investment with 91% occupancy, $43K+ in monthly rental income, individually metered gas and electric, elevator service, and dedica
  • Ideally situated near UC Berkeley, this 22-unit apartment community benefits from strong and consistent rental demand driven by one of the nation's to

OVERVIEW

Perfectly positioned just blocks from the University of California, Berkeley and the vibrant dining, shopping, and entertainment along Downtown Berkeley and Shattuck Avenue, 2231 Grant Street offers investors the opportunity to acquire a premier Berkeley apartment asset in one of the East Bay's most sought-after rental markets. The 22-unit community features an attractive mix of studio, one-bedroom, and two-bedroom floor plans within a well-maintained, elevator-served building with individually metered gas and electricity and 10 off-street parking spaces. Priced at just $219,000 per unit with a 6.39% in-place CAP rate and significant upside, 2231 Grant Street represents one of the most compelling multifamily investment opportunities currently available in Berkeley.

FOR SALE DETAILS

PRICE

$4,828,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

22

PRICE/UNIT

$219,455

CAP RATE

6.39%

% LEASED

91%

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

10

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.