2003-2005 Berkeley Way - Apartments FOR SALE


Berkeley, CA 94704
$2,380,000 USD
707-363-2463
2003-2005 Berkeley Way, Berkeley, CA for Sale
$2,380,000 USD
Apartments - FOR SALE
1/35
null | 5.05% Cap Rate

2003-2005 Berkeley Way
Berkeley, CA 94704


HIGHLIGHTS

  • The unit mix includes (1) 2 bd/2 ba cottage, (3) 2 bd/1 ba units, (1) 1 bd/1 ba unit
  • Individually metered for WATER, gas, and electricity keeping expenses low
  • Improvements include unit renovations, upgraded electrical, and new security gate
  • Features a 99 Walk Score and a 94 Bike Score highlighting the attractive location
  • Ideally located just two blocks from the UC Berkeley Campus
  • Just 0.3 mi to the Downtown Berkeley BART station offering complete bay area access

OVERVIEW

NAI Northern California team is pleased to present 2005 Berkeley Way, a 5-unit multifamily property located in a prime Berkeley location. The property consists of (1) 2 bedroom/2 bathroom cottage, (3) 2 bedroom/1 bathroom units, (1) 1 bedroom/1 bathroom unit, and 5 gated off-street parking spots. Improvements include unit renovations, upgraded electrical, and a new security gate The property is individually metered for WATER, gas, and electricity keeping expenses low. Being just steps away from the UC Berkeley campus, this property has steady turnover allowing for consistent rent growth. This is an extremely rare opportunity to acquire a great asset in a prized Berkeley location. 2005 Berkeley Way is ideally located for tenants commuting to all points of the Bay Area. Commuters utilizing public transportation will benefit from living one block from city bus lines and 0.3 miles from the Downtown Berkeley BART station. The property is two blocks from the UC Berkeley Campus providing a long-term stable tenant base and steps away from Shattuck and University Avenues allowing endless shopping and restaurant choices. Because of this property's attractive location, it will continue to demand premium tenants and maintain a very low vacancy rate.

FOR SALE DETAILS

PRICE

$2,380,000 USD

PRICE/SF

$641 USD /SF

# OF UNITS

5

PRICE/UNIT

$476,000

CAP RATE

5.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two Blocks from UC Berkeley - $100K Reduction

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

1955

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,120 SF

ZONING

R

APN/PARCEL ID

057-2051-027-00

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 Policy.