3138 California St - Apartments FOR SALE


Berkeley, CA 94703- South Berkeley
$2,000,000 USD
510-592-4244
3138 California St, Berkeley, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/14
null | 6.7% Cap Rate

3138 California St
Berkeley, CA 94703
South Berkeley


HIGHLIGHTS

  • 8-unit building features (7) 2BD/1BA units & (1) 3BD/2BA across 6,208 sq ft, on a 6,800 sq ft lot with a spacious rear parking area & on-site laundry.
  • Most units are renting near market, making this a clean, income-producing asset from day one at near 7% CAP.
  • With its proximity to Shattuck Ave, Adeline St, cafés, markets, and parks, tenants enjoy convenience without sacrificing neighborhood feel.

OVERVIEW

Just four blocks from Ashby BART and tucked into a quiet, tree-lined street, 3138 California St blends location, stability, and upside in one of South Berkeley’s most accessible pockets. This 8-unit building features (7) 2BD/1BA units and (1) 3BD/2BA across 6,208 sq ft, set on a 6,800 sq ft lot with a spacious rear parking area and on-site laundry. The building is set back from the street, offering added privacy and a quieter living environment for its tenants. Most units are renting near market, making this a clean, income-producing asset from day one. With its proximity to Shattuck Ave, Adeline St, cafés, markets, and parks, tenants enjoy convenience without sacrificing neighborhood feel. Offered at just $250K per unit and delivering a near 7% CAP, this is a rare opportunity to own a well-located, well-maintained multifamily building in a high-demand rental corridor. TRANSPARENT PRICE. Unit 1 is vacant and can be shown via Calendly. Contact Joey at joeywang@kwcommercial.com with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7 Offers are due on Tuesday, February 3rd at noon. Disclaimer: The photos in this listing have been digitally enhanced.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

8

PRICE/UNIT

$250,000

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,297 SF

ZONING

R3, Berkeley

APN/PARCEL ID

052-1544-003-00

ASK ABOUT THIS PROPERTY

Joey WangKW CommercialMore Info
510-592-4244

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

Joey WangKW CommercialMore Info
510-592-4244

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