1433 Dwight Way
Berkeley, CA 94702
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Modern Well Maintained 6 2Br/1Ba Units with Eat-In Kitchens (1 Unit has additional Bonus Room / Office
- Tenants Pay own PG&E Separately Metered for Gas and Electric 7 Water heaters (tenants pay to heat water)
- New Exterior Paint 2024 6 Car Parking (more if tandem) , Common Laundry Room
- Remodeled or Updated Kitchens and Baths
- Rear Yard with Bike-Rack, Plants and small Seating Area
- West Berkeley Neighborhood Location, Near Dining, Shopping, Parks, Public Transportation, UC Berkeley
EXECUTIVE SUMMARY
Prime Investment Opportunity: 1433 Dwight Way, Berkeley CA
Compass Real Estate is Pleased to offer for sale a well-maintained, modern six-unit apartment building located in the vibrant West Berkeley neighborhood. 1433 Dwight Way is conveniently located near, restaurants, cafes, shops, parks, public transportation, and UC Berkeley.
On the market for the first time in over 40 years, this property offers a unique opportunity to acquire an asset in a sought-after area, backed by strong financial performance.
Compass Real Estate is Pleased to offer for sale a well-maintained, modern six-unit apartment building located in the vibrant West Berkeley neighborhood. 1433 Dwight Way is conveniently located near, restaurants, cafes, shops, parks, public transportation, and UC Berkeley.
On the market for the first time in over 40 years, this property offers a unique opportunity to acquire an asset in a sought-after area, backed by strong financial performance.
PROPERTY FACTS
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Gross Rent Multiplier | 10.67 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,432 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | R-2 |
AMENITIES
UNIT AMENITIES
- Heating
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Wi-Fi
- Private Bathroom
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $2,500 | 680 - 685 |
| 2+1 | 1 | $2,650 | 795 |
PROPERTY TAXES
| Parcel Number | 056-1919-020-01 | Improvements Assessment | $97,350 |
| Land Assessment | $53,362 | Total Assessment | $150,712 |
