Log In/Sign Up
Your email has been sent.
1360 Berkeley Way 19 Unit Apartment Building $4,999,999 ($263,158/Unit) 6.95% Cap Rate Berkeley, CA 94702
Executive Summary
Prime Location | Just blocks from the North Berkeley BART station, offering strong walkability, direct transit access, and close proximity to UC Berkeley, restaurants, parks, and cultural attractions.
Attractive Unit Mix | 19 total units consisting of 11 one-bedroom units, 7 studios, and 1 two-bedroom penthouse, appealing to a diverse and stable tenant base.
Strong In-Place Income | Currently generating approximately $45,000 per month in rental income with consistent occupancy and future upside potential.
Recent Capital Improvements | Major upgrades include a new roof, electrical system improvements, renovated interiors, new boiler and water heater, dual-pane windows, and fresh exterior paint.
Quiet Residential Setting | Located on a low-traffic residential street with convenient access to Berkeley’s main retail corridors, open spaces, and transit options.
Value-Add Potential | Opportunity to increase rents through strategic interior updates and operational efficiencies.
High-Demand Rental Submarket | Positioned in a strong Berkeley rental corridor with limited supply, low vacancy, and sustained tenant demand.
Turnkey Investment | Well-maintained, stabilized asset offering dependable income with additional upside in a premier East Bay location.
Attractive Unit Mix | 19 total units consisting of 11 one-bedroom units, 7 studios, and 1 two-bedroom penthouse, appealing to a diverse and stable tenant base.
Strong In-Place Income | Currently generating approximately $45,000 per month in rental income with consistent occupancy and future upside potential.
Recent Capital Improvements | Major upgrades include a new roof, electrical system improvements, renovated interiors, new boiler and water heater, dual-pane windows, and fresh exterior paint.
Quiet Residential Setting | Located on a low-traffic residential street with convenient access to Berkeley’s main retail corridors, open spaces, and transit options.
Value-Add Potential | Opportunity to increase rents through strategic interior updates and operational efficiencies.
High-Demand Rental Submarket | Positioned in a strong Berkeley rental corridor with limited supply, low vacancy, and sustained tenant demand.
Turnkey Investment | Well-maintained, stabilized asset offering dependable income with additional upside in a premier East Bay location.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$535,584
|
$48.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$535,584
|
$48.64
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$188,220
|
$17.09
|
| Net Operating Income |
$347,364
|
$31.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $535,584 |
| Annual Per SF | $48.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $535,584 |
| Annual Per SF | $48.64 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $188,220 |
| Annual Per SF | $17.09 |
| Net Operating Income | |
|---|---|
| Annual | $347,364 |
| Annual Per SF | $31.55 |
Property Facts
| Price | $4,999,999 | Apartment Style | Low-Rise |
| Price Per Unit | $263,158 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.95% | Building Size | 11,011 SF |
| No. Units | 19 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1929 |
| Price | $4,999,999 |
| Price Per Unit | $263,158 |
| Sale Type | Investment |
| Cap Rate | 6.95% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 11,011 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1929 |
Amenities
Site Amenities
- Vintage Building
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | $2,425 | 500 - 637 |
| Studios | 7 | $1,750 | 435 - 500 |
| 2+1 | 1 | $3,218 | 583 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Number | 057-2073-017-00 | Improvements Assessment | $561,863 |
| Land Assessment | $263,831 | Total Assessment | $834,548 |
Property Taxes
Parcel Number
057-2073-017-00
Land Assessment
$263,831
Improvements Assessment
$561,863
Total Assessment
$834,548
1 of 73
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1360 Berkeley Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.