1535 Julia St 5 Unit Apartment Building $1,290,000 ($258,000/Unit) 5.86% Cap Rate Berkeley, CA 94703

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- 100% Occupied & Cash Flowing on Day One — A rare chance to acquire a fully leased 5-unit multifamily property with immediate income and a clear path to significantly higher returns
- Exceptional Unit Mix — Diverse configuration of (3) 1BD/1BA, (1) 2BD/1BA, and (1) 3BD/2BA units appeals to a wide renter pool and reduces vacancy risk
- 30–40% Rental Upside — Significant mark-to-market opportunity as units turn, offering investors a clear value-add runway in one of the Bay Area's most competitive rental markets
- Prime Transit-Oriented Location — Minutes from Ashby BART Station with direct, seamless access to Oakland and San Francisco — a top leasing driver for today's renters
- Supply-Constrained East Bay Market — Berkeley's high barriers to entry, strict development limitations, and persistent housing demand create a powerful long-term hold environment
- Updated Units with Modern Finishes — Renovated interiors position the property to command premium rents upon turnover with minimal near-term capital expenditure
- Off-Street Parking — A coveted and increasingly rare amenity in urban Berkeley, providing a competitive edge over comparable listings
- Separately Metered Utilities — Individual gas, electric, and water meters shift utility costs to tenants, streamlining operations and protecting NOI
- Walk, Bike & Live — Situated in a highly walkable, bike-friendly neighborhood with immediate access to retail, dining, and everyday amenities — exactly what Berkeley renters demand
- Proven Long-Term Appreciation — Berkeley's multifamily market has demonstrated exceptional resilience through economic cycles, making this an ideal core-plus investment for generational wealth building
1535 Julia Street presents a rare opportunity to acquire a 100% occupied, five-unit multifamily property in one of the East Bay's most coveted and supply-constrained rental markets. The property offers an exceptional unit mix — (3) one-bedroom, (1) two-bedroom, and (1) three-bedroom/two-bath units — delivering immediate, diversified cash flow from day one while appealing to a broad spectrum of renters. With updated interiors and modern finishes throughout, the asset is well-positioned to command premium rents as units turn, with an estimated 30–40% rental upside on the horizon — a compelling value-add runway that sets this offering apart.
Ideally situated minutes from Ashby BART Station, residents enjoy direct, seamless access to Oakland and San Francisco, making this a premier transit-oriented location that consistently drives leasing demand. The surrounding neighborhood offers strong walkability, robust bike infrastructure, and proximity to Berkeley's vibrant retail and dining scene — exactly the lifestyle amenities today's renters prioritize. Off-street parking adds a coveted and increasingly rare edge over competing listings, while separately metered gas, electric, and water utilities shift costs to tenants and protect the investor's bottom line.
Berkeley's multifamily market is defined by high barriers to entry, strict development constraints, and relentless housing demand — a combination that has fueled exceptional long-term appreciation through economic cycles. For investors seeking a stabilized income stream today with meaningful upside tomorrow, 1535 Julia Street delivers both in one of the Bay Area's most resilient and sought-after submarkets.