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.