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2118 California St 5 Unit Apartment Building $1,500,000 ($300,000/Unit) 7.22% Cap Rate Berkeley, CA 94703
INVESTMENT HIGHLIGHTS
- Central Berkeley
EXECUTIVE SUMMARY
Great investment property with a walk score of 90. Located in a prime Central Berkeley neighborhood, it offers convenient access to UC Berkeley, local parks, shops, restaurants, and major commuter routes. Just 0.5 miles from North Berkeley BART and 0.7 miles from Downtown Berkeley BART. The property consists of two separate buildings with a total of five units. The front building includes a 3-bedroom, 1-bath unit with a fully remodeled kitchen on the ground floor, along with two 1-bedroom, 1-bath units on the upper level. The rear building features a 2-bedroom, 1-bath unit on the ground floor and a vacant 2-bedroom, 1-bath unit on the top floor. Strong rental income and an unbeatable location close to UC Berkeley and downtown make this a compelling investment opportunity.
DO NOT disturb tenants. Reports from 2024 available. Email or text agents with questions, all inquiries will be responded to within 48 hours. 2118B is vacant and available for showings. This is the upstairs unit located in the rear building. Broker tour and open house times are to be determined, with potential opportunities to view the additional units during those events.
DO NOT disturb tenants. Reports from 2024 available. Email or text agents with questions, all inquiries will be responded to within 48 hours. 2118B is vacant and available for showings. This is the upstairs unit located in the rear building. Broker tour and open house times are to be determined, with potential opportunities to view the additional units during those events.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $300,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.22% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 13.1 | Building Size | 4,528 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Price | $1,500,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 7.22% |
| Gross Rent Multiplier | 13.1 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,528 SF |
| No. Stories | 2 |
| Year Built | 1940 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 1 | $3,400 | - |
| 1+1 | 2 | $1,802 | - |
| 2+1 | 2 | $2,148 | - |
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 056-2002-011-00 | Total Assessment | $456,818 |
| Land Assessment | $149,504 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $307,314 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
056-2002-011-00
Land Assessment
$149,504
Improvements Assessment
$307,314
Total Assessment
$456,818
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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2118 California St
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