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1626-1654 Dwight Way 21 Unit Apartment Building $6,499,000 ($309,476/Unit) 4.57% Cap Rate Berkeley, CA 94703
EXECUTIVE SUMMARY
Well Maintained Large Berkeley investment in Mid - Century Modern Apartment House. Parking Pool and laundry room. Close to downtown. Great mix on Studio, one bedroom and two bedroom units. A prize property!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$470,000
|
$36.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$470,000
|
$36.63
|
| Taxes |
$50,000
|
$3.90
|
| Operating Expenses |
$30,000
|
$2.34
|
| Total Expenses |
$80,000
|
$6.23
|
| Net Operating Income |
$390,000
|
$30.39
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $470,000 |
| Annual Per SF | $36.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $470,000 |
| Annual Per SF | $36.63 |
| Taxes | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $3.90 |
| Operating Expenses | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $2.34 |
| Total Expenses | |
|---|---|
| Annual | $80,000 |
| Annual Per SF | $6.23 |
| Net Operating Income | |
|---|---|
| Annual | $390,000 |
| Annual Per SF | $30.39 |
PROPERTY FACTS
| Price | $6,499,000 | Apartment Style | Low-Rise |
| Price Per Unit | $309,476 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 4.57% | Building Size | 12,832 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| Gross Rent Multiplier | 14 | No. Stories | 2 |
| No. Units | 21 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.17/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2, Berkeley - Multi residential | ||
| Price | $6,499,000 |
| Price Per Unit | $309,476 |
| Sale Type | Investment |
| Cap Rate | 4.57% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 12,832 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | R2, Berkeley - Multi residential |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 426 - 504 |
| 1+1 | 12 | - | 600 |
| 2+1 | 4 | - | 755 - 757 |
| 2+2 | 1 | - | 989 |
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 054-1806-025-03 | Total Assessment | $5,354,895 (2025) |
| Land Assessment | $2,142,000 (2025) | Annual Taxes | $50,000 ($3.90/SF) |
| Improvements Assessment | $3,202,290 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
054-1806-025-03
Land Assessment
$2,142,000 (2025)
Improvements Assessment
$3,202,290 (2025)
Total Assessment
$5,354,895 (2025)
Annual Taxes
$50,000 ($3.90/SF)
Tax Year
2024
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1626-1654 Dwight Way
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