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1360 Berkeley Way 19 Unit Apartment Building $5,499,000 ($289,421/Unit) 6.54% Cap Rate Berkeley, CA 94702

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INVESTMENT HIGHLIGHTS

2 Blocks from N Berkeley BART
Live Downtown

Central Berkeley Location

EXECUTIVE SUMMARY

Well Maintained Centrally located "Walk up" apartment house. 3 Vacant units available including the Penthouse with panoramic views! Close to everything Berkeley. Improvements include new roof, new windows, new paint, new boiler system, new water heater, new flooring, up dated electrical, remodel all units all work completed between 2022 & 2024. Building includes a mix of 1 bedroom and studio apartments except penthouse which is a 2 bedroom.

BW OM

Berkeley Way Assessment v06

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$538,104	$48.87
Other Income	$7,500	$0.68
Vacancy Loss	$500	$0.05
Effective Gross Income	$545,104	$49.51
Taxes	$80,000	$7.27
Operating Expenses	-	-
Total Expenses	$80,000	$7.27
Net Operating Income	-	-

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$538,104
Annual Per SF	$48.87

Other Income
Annual	$7,500
Annual Per SF	$0.68

Vacancy Loss
Annual	$500
Annual Per SF	$0.05

Effective Gross Income
Annual	$545,104
Annual Per SF	$49.51

Taxes
Annual	$80,000
Annual Per SF	$7.27

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$80,000
Annual Per SF	$7.27

Net Operating Income
Annual	-
Annual Per SF	-

PROPERTY FACTS

Price	$5,499,000	Property Subtype	Apartment Multifamily Dormitory
Price Per Unit	$289,421	Apartment Style	Low-Rise
Sale Type	Investment	Building Class	C
Cap Rate	6.54%	Lot Size	0.12 AC
Sale Conditions	1031 Exchange Bulk/Portfolio Sale	Building Size	11,011 SF
Gross Rent Multiplier	10	Average Occupancy	15%
No. Units	19	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1929/2023

Price	$5,499,000
Price Per Unit	$289,421
Sale Type	Investment
Cap Rate	6.54%
Sale Conditions	1031 Exchange Bulk/Portfolio Sale
Gross Rent Multiplier	10
No. Units	19
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.12 AC
Building Size	11,011 SF
Average Occupancy	15%
No. Stories	3
Year Built/Renovated	1929/2023

SITE AMENITIES

Vintage Building

Walking/Biking Trails

Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
Studios	9	$2,375	500 - 750
1+1	10	$2,600	650 - 750

1 1

Walk Score®

Walker's Paradise (92)

Bike Score®

Biker's Paradise (100)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	057-2073-017-00	Total Assessment	$834,548 (2025)
Land Assessment	$263,831 (2025)	Annual Taxes	$80,000 ($7.27/SF)
Improvements Assessment	$561,863 (2025)	Tax Year	2024