2227 Acton St - Apartments FOR SALE


Berkeley, CA 94702
$1,350,000 USD
510-592-4244
2227 Acton St, Berkeley, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/8
null | 4.3% Cap Rate

2227 Acton St
Berkeley, CA 94702


HIGHLIGHTS

  • Located in the sought-after Poet’s Corner neighborhood and just one block from Strawberry Creek Park.
  • Three unit building (2, 1BR/1BA, 1, 5BR/1.5BA) comes with separate entrances, onsite laundry, and off-street parking in the form of three garages.
  • The garage structure can potentially be replaced with an ADU for even higher future earnings.

OVERVIEW

TRANSPARENT PRICE: All units are tenant-occupied and can be shown via private tour. Contact Joey at joeywang@kwcommercial.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7 Offers are due on Tuesday, February 4th, by noon. For those aspiring to own a unique multifamily investment in a coveted single-family area, Berkeley’s 2227 Acton Street is a fantastic find. Located in the sought-after Poet’s Corner neighborhood and just one block from Strawberry Creek Park, this three unit building (2, 1BR/1BA, 1, 5BR/1.5BA) comes with separate entrances, onsite laundry, and off-street parking in the form of three garages. While the current tenants generate a generous $9,035 in gross income, the garage structure can potentially be replaced with an ADU for even higher future earnings. A number of nearby amenities and conveniences (including North Berkeley BART, Target, CVS, and Starbucks) ensure this property will never suffer from sustained vacancy as multifamilies in less desirable neighborhoods are known to do. Multiple schools, parks, and dining options also populate the area, making 2227 Acton Street a desirable residence for a wide variety of prospective tenants, from single adults to growing families.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

3

PRICE/UNIT

$450,000

CAP RATE

4.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R2, Berkeley

APN/PARCEL ID

056-1998-044-00

ASK ABOUT THIS PROPERTY

Joey WangKW CommercialMore Info
510-592-4244

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Joey WangKW CommercialMore Info
510-592-4244

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