2425 Grant St - Apartments FOR SALE


Berkeley, CA 94703- Downtown Berkeley
$3,400,000 USD
707-363-2463
2425 Grant St, Berkeley, CA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/29
null | 5.63% Cap Rate

2425 Grant St
Berkeley, CA 94703
Downtown Berkeley


HIGHLIGHTS

  • Prime Central Berkeley location, just one mile from the UC Berkeley campus, with convenient access to Downtown Berkeley and BART
  • Highly Desirable Unit Mix consisting of nine two-bedroom/one-bathroom units and one studio
  • Nine of ten units feature remodeled interiors with updated contemporary finishes
  • Capital Improvements include a seismic retrofit, exterior painting, and updated landscaping
  • Separate water, gas, and electric meters help reduce operating expenses and increase cash flow
  • Property amenities include nine off-street parking spaces, on-site laundry, and a large owner’s storage room

OVERVIEW

The Mitchell Warren Team is pleased to present 2425 Grant Street, a well-maintained 10-unit apartment building ideally located in central Berkeley. The property features an attractive unit mix of nine two-bedroom/one-bathroom units and one studio, totaling approximately 7,297 square feet on a 6,910-square-foot lot. Nine of the ten units have been remodeled with contemporary finishes, while recent capital improvements include a seismic retrofit, exterior painting, and updated landscaping. Additional amenities include nine off-street parking spaces, on-site coin-operated laundry, and a large owner’s storage room. Each unit is separately metered for water, gas, and electricity, helping reduce operating expenses and maximize cash flow. With spacious floor plans, updated interiors, individual utility metering, ample parking, and significant completed improvements, 2425 Grant Street presents an attractive multifamily investment opportunity in the heart of Berkeley. The property is ideally located in Central Berkeley, just north of Dwight Way and approximately one mile from the UC Berkeley campus. The property is situated in a highly walkable residential neighborhood with convenient access to Downtown Berkeley, Telegraph Avenue, and the South Shattuck/Elmwood district. Just a few blocks east, Shattuck Avenue offers an extensive selection of restaurants, cafés, grocery stores, shopping, and everyday services. Downtown Berkeley BART is also nearby, providing convenient access to Oakland, San Francisco, and major employment centers throughout the Bay Area. With its proximity to UC Berkeley, public transportation, and abundant retail and dining amenities, 2425 Grant Street is well positioned within one of Berkeley’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

10

PRICE/UNIT

$340,000

CAP RATE

5.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

90% 2-Bedroom Units | Fully Renovated

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

055-1903-023-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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