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2231-2233 Grant St 22 Unit Apartment Building $4,828,000 ($219,455/Unit) 6.39% Cap Rate Berkeley, CA 94703
Investment Highlights
- Rare 22-unit Berkeley multifamily asset offered at $219,455/unit and $288/SF, providing investors an attractive basis in a highly desirable, supply-co
- Ideally situated near UC Berkeley, this 22-unit apartment community benefits from strong and consistent rental demand driven by one of the nation's to
- Stable cash-flowing investment with 91% occupancy, $43K+ in monthly rental income, individually metered gas and electric, elevator service, and dedica
Executive Summary
Perfectly positioned just blocks from the University of California, Berkeley and the vibrant dining, shopping, and entertainment along Downtown Berkeley and Shattuck Avenue, 2231 Grant Street offers investors the opportunity to acquire a premier Berkeley apartment asset in one of the East Bay's most sought-after rental markets. The 22-unit community features an attractive mix of studio, one-bedroom, and two-bedroom floor plans within a well-maintained, elevator-served building with individually metered gas and electricity and 10 off-street parking spaces. Priced at just $219,000 per unit with a 6.39% in-place CAP rate and significant upside, 2231 Grant Street represents one of the most compelling multifamily investment opportunities currently available in Berkeley.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $4,828,000 | Apartment Style | Low-Rise |
| Price Per Unit | $219,455 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 6.39% | Building Size | 16,733 SF |
| Gross Rent Multiplier | 9.35 | Average Occupancy | 91% |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Price | $4,828,000 |
| Price Per Unit | $219,455 |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| Gross Rent Multiplier | 9.35 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 16,733 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 0.6/1,000 SF |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Disposal
- Microwave
- Heating
- Kitchen
- Range
- Tub/Shower
- Breakfast Nook
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 1 |
| 1+1 | 11 | - | 1 |
| 2+1 | 7 | - | 1 |
| 2+1.5 | 1 | - | 1 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 057-2014-019-01 | Total Assessment | $5,344,060 |
| Land Assessment | $1,911,788 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,432,272 | Tax Year | 2025 |
Property Taxes
Parcel Number
057-2014-019-01
Land Assessment
$1,911,788
Improvements Assessment
$3,432,272
Total Assessment
$5,344,060
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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