2127-2143 Dwight Way | Berkeley, CA 94704
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- LoopNet Team
2127-2143 Dwight Way
Berkeley, CA 94704
8 Units W/ Potential to Build 28+ Units · Multifamily Property For Sale
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8 Units
INVESTMENT HIGHLIGHTS
- IDEALLY & CENTRALLY LOCATED IN SOUTH BERKELEY JUST 4 BLOCKS FROM THE UC BERKELEY CAMPUS, THE # 1 UNIVERSITY IN AMERICA PER FORBES
- COVERED LAND PLAY DEVELOPMENT OPPORTUNITY LOCATED IN A DESIGNATED OPPORTUNITY ZONE
- POTENTIAL VALUE-ADD CONCEPT TO ADD BEDROOMS TO EXISTING UNITS, INCREASE OCCUPANCY AND INCREASE RENTS BY APPROXIMATELY 57% AND THE NET OPERATING INCOME
- 8 UNITS SPREAD ACROSS TWO FOURPLEXES ON THEIR OWN SEPARATE & LARGE PARCELS
- CURRENT ZONING MAY ALLOW FOR THE ADDITION OF UP TO A ±16,870+ SQ. FT. RESIDENTIAL BUILDING AND THE RETENTION OF THE EXISTING 8 UNITS
- WALKER’S PARADISE (96 WALK SCORE), BIKER’S PARADISE (99 BIKE SCORE), 1/2-MILE TO DOWNTOWN BERKELEY BART
PROPERTY FACTS
| No. Units | 8 | Construction Status | Demolished |
| Property Type | Multifamily | Building Size | 5,172 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1944 |
| Lot Size | 0.28 AC | Parking Ratio | 3.87/1,000 SF |
| Zoning | C-SA | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Construction Status | Demolished |
| Building Size | 5,172 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1944 |
| Parking Ratio | 3.87/1,000 SF |
| Zoning | C-SA |
AMENITIES
UNIT AMENITIES
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Yard
- Linen Closet
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 3 | - | - |
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