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Listed by Ken Wu • Compass
$ 2,300,000
Est. payment /mo
New
1827 Berkeley Way Berkeley, CA 94703
3,169 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,169 sqft
Price per Sqft $725
MLS Listing ID 41098638
HOA Y/N No
Year Built 1910
Lot Size 4,791 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
Proud to present 1827 Berkely Way, Berkeley, CA—a prime multifamily investment opportunity in the City of Berkeley. Located at 1827 Berkeley Way, this fully occupied 9-unit apartment building offers a rare opportunity to own a turnkey asset in one of Berkeley's most sought-after locations. Just three blocks from UC Berkeley and directly across the street from Trader Joe's, the property features a desirable mix of (3) 1 Bed 1 Bath & (6) studios units. All units have been thoughtfully renovated over the years, ensuring strong tenant demand and minimal deferred maintenance. The property boasts a solid 5.38% cap rate and an 11.7 GRM, making it an ideal addition to any investor's portfolio. This is a stabilized, income-producing asset in a prime walkable location, surrounded by amenities, transit, and consistent rental demand. As an added benefit, the seller is offering attractive financing—carrying a 5% interest-only note for 3 to 5 years with a 35% down payment—providing flexibility and ease of acquisition. With strong in-place cash flow, long-term upside, and rare seller terms, 1827 Berkeley Way is a compelling opportunity for investors seeking immediate returns in the heart of Berkeley.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Building
Lot Description Dead End
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