2341 8th St - Apartments FOR SALE


Berkeley, CA 94710
$2,100,000 USD
510-384-1417
2341 8th St, Berkeley, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/7
null | 5.32% Cap Rate

2341 8th St
Berkeley, CA 94710


HIGHLIGHTS

  • Ideal unit mix of (8) 1Bed/1Bath & (2) 2Bed/2Bath
  • Off-street parking for all units
  • Near 4th St shops & restaurants
  • Near major highways
  • Value-add opportunity

OVERVIEW

2335-2341 8th Street in Berkeley, CA, presents a rare opportunity for investors seeking a well-maintained asset in a great location. The property comprises eight upgraded one-bedroom units and two spacious two-bedroom units, each thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades ensure that the property remains competitive in the rental market. In addition to the appealing unit mix, the property offers excellent parking amenities, including ample off-street parking for all units. This feature is a significant advantage in Berkeley, where parking is often at a premium. The combination of easy off-street access enhances the property’s appeal to a broad range of renters, ensuring high occupancy rates and steady rental income. Berkeley is widely recognized as one of the most desirable locations in the San Francisco Bay Area. Known for its vibrant culture, world-class educational institutions, and thriving culinary and arts scenes, Berkeley attracts a diverse population of students, professionals, and families. The city’s proximity to major tech hubs, excellent public transportation, and scenic outdoor spaces only add to its allure. This demand for housing in Berkeley continues to drive rental prices upward, making it a prime location for real estate investment. The property’s location in such a coveted area significantly enhances its value and investment potential. With Berkeley’s strong rental demand and limited housing supply, this property is well-positioned to provide consistent returns. Its desirable location, combined with the recent upgrades and superior parking amenities, ensures that it will remain attractive to tenants for years to come, offering investors both stability and growth in a competitive market.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

10

PRICE/UNIT

$210,000

CAP RATE

5.32%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,242 SF

ZONING

-

APN/PARCEL ID

056-1937-020-01

ASK ABOUT THIS PROPERTY

Emil JellinekMarcus & MillichapMore Info
510-384-1417

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Emil JellinekMarcus & MillichapMore Info
510-384-1417

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