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2118 California St 5 Unit Apartment Building $1,500,000 ($300,000/Unit) 7.06% 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 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 3-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. Email or text listing agent for Disclosure link. 2118B is currently vacant. This is the upstairs unit located in the rear building. A new deck at the rear building is currently under construction at the seller’s expense, with an estimated completion in February.
DO NOT disturb tenants. Email or text listing agent for Disclosure link. 2118B is currently vacant. This is the upstairs unit located in the rear building. A new deck at the rear building is currently under construction at the seller’s expense, with an estimated completion in February.
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 | 7.06% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 11 | 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 | 7.06% |
| Gross Rent Multiplier | 11 |
| 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 |
|---|---|---|---|
| 1+1 | 2 | $1,819 | 1 |
| 2+1 | 1 | $1,308 | 1 |
| 3+1 | 1 | $3,300 | 1 |
| 3+1.5 | 1 | $3,434 | 1 |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
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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2118 California St
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