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1250 Berkeley Way
Berkeley, CA 94702
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Attractive and ideal unit mix of five 3 bed x 1 bath units and two spacious studio units.
- Below market rents pose value add opportunity to increase rents over time and during turnover.
- Steps away from North Berkeley BART, UC Berkeley, Berkeley Bowl, Restaurants and Shopping on 4th St, Parks, Public Transportation and 80 Freeways.
- Neighborhood’s combination of academic demand, walkability, and established residential character makes it particularly appealing to all investors.
Executive Summary
1246-1250 Berkeley Way presents an attractive opportunity to acquire a 7-unit multifamily property in North Berkeley, just off
University Avenue. Built in 1966, the property consists of two separate buildings totaling approximately 5,975 square feet on an
8,497-square-foot lot. The desirable unit mix includes five 3-bedroom/1-bath units and two studio units. 1250 Berkeley Way
consists of four 3-bedroom x 1 bath units with all similar floorplans. 1246 Berkeley Way consists of one 3 bedroom x 1 bath (upper
level), and two studio units (first floor). Off-street parking is available for seven vehicles.
University Avenue. Built in 1966, the property consists of two separate buildings totaling approximately 5,975 square feet on an
8,497-square-foot lot. The desirable unit mix includes five 3-bedroom/1-bath units and two studio units. 1250 Berkeley Way
consists of four 3-bedroom x 1 bath units with all similar floorplans. 1246 Berkeley Way consists of one 3 bedroom x 1 bath (upper
level), and two studio units (first floor). Off-street parking is available for seven vehicles.
Property Facts
| Price Per Unit | $240,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.56% | Building Size | 5,975 SF |
| Gross Rent Multiplier | 9.51 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2A, Berkeley | ||
| Price Per Unit | $240,714 |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| Gross Rent Multiplier | 9.51 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,975 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | R2A, Berkeley |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 5 | - | - |
| Studios | 2 | - | - |
Property Taxes
| Parcel Number | 057-2081-022-00 | Improvements Assessment | $806,851 |
| Land Assessment | $345,793 | Total Assessment | $1,152,644 |
Property Taxes
Parcel Number
057-2081-022-00
Land Assessment
$345,793
Improvements Assessment
$806,851
Total Assessment
$1,152,644
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