968 Addison St - Apartments FOR SALE


Berkeley, CA 94710- Southwest Berkeley
$3,996,000 USD
650-492-0934
968 Addison St, Berkeley, CA for Sale
$3,996,000 USD
Apartments - FOR SALE
1/14
null | 5.16% Cap Rate

968 Addison St
Berkeley, CA 94710
Southwest Berkeley


HIGHLIGHTS

  • Rare West Berkeley Multifamily Asset
  • Desirable Tenant Amenities
  • Proximity to Countless Top Employers
  • Desirable Unit Mix

OVERVIEW

968 Addison St presents a rare opportunity to acquire an 18-unit multifamily asset in the thriving city of Berkeley, California. Situated on just under a half-acre of land, the property features approximately 11,480 square feet of gross building area with well-designed one- and two-bedroom floor plans, complemented by private parking and select units offering in-unit washer/dryers. Located just 1.7 miles from the University of California, Berkeley—ranked the number one public university in the nation and fourth globally—the property is also within walking distance of West Berkeley’s iconic Fourth Street commercial corridor, home to numerous high-end shops and eateries. Residents enjoy convenient access to San Francisco and the greater Bay Area, with close proximity to many of the nation’s leading tech employers, including Google, Apple, Meta, IBM, LinkedIn, Microsoft, Intel, Adobe, Cisco, and Yahoo. Driven by Berkeley’s strong employment fundamentals and historically low vacancy rates, this world-class East Bay location makes 68 Addison St a highly attractive rental investment due to its proximity to major employers, transportation corridors, and lifestyle amenities.

FOR SALE DETAILS

PRICE

$3,996,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

18

PRICE/UNIT

$222,000

CAP RATE

5.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

N/Av Alameda

APN/PARCEL ID

056-1971-005-01

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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