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90% 2-Bedroom Units | Fully Renovated 2425 Grant St 10 Unit Apartment Building $3,400,000 ($340,000/Unit) 5.63% Cap Rate Berkeley, CA 94703
Investment Highlights
- Prime Central Berkeley location, just one mile from the UC Berkeley campus, with convenient access to Downtown Berkeley and BART
- Nine of ten units feature remodeled interiors with updated contemporary finishes
- Separate water, gas, and electric meters help reduce operating expenses and increase cash flow
- Highly Desirable Unit Mix consisting of nine two-bedroom/one-bathroom units and one studio
- Capital Improvements include a seismic retrofit, exterior painting, and updated landscaping
- Property amenities include nine off-street parking spaces, on-site laundry, and a large owner’s storage room
Executive Summary
The Mitchell Warren Team is pleased to present 2425 Grant Street, a well-maintained 10-unit apartment building ideally located in central Berkeley. The property features an attractive unit mix of nine two-bedroom/one-bathroom units and one studio, totaling approximately 7,297 square feet on a 6,910-square-foot lot. Nine of the ten units have been remodeled with contemporary finishes, while recent capital improvements include a seismic retrofit, exterior painting, and updated landscaping. Additional amenities include nine off-street parking spaces, on-site coin-operated laundry, and a large owner’s storage room. Each unit is separately metered for water, gas, and electricity, helping reduce operating expenses and maximize cash flow. With spacious floor plans, updated interiors, individual utility metering, ample parking, and significant completed improvements, 2425 Grant Street presents an attractive multifamily investment opportunity in the heart of Berkeley.
The property is ideally located in Central Berkeley, just north of Dwight Way and approximately one mile from the UC Berkeley campus. The property is situated in a highly walkable residential neighborhood with convenient access to Downtown Berkeley, Telegraph Avenue, and the South Shattuck/Elmwood district. Just a few blocks east, Shattuck Avenue offers an extensive selection of restaurants, cafés, grocery stores, shopping, and everyday services. Downtown Berkeley BART is also nearby, providing convenient access to Oakland, San Francisco, and major employment centers throughout the Bay Area. With its proximity to UC Berkeley, public transportation, and abundant retail and dining amenities, 2425 Grant Street is well positioned within one of Berkeley’s most desirable rental markets.
The property is ideally located in Central Berkeley, just north of Dwight Way and approximately one mile from the UC Berkeley campus. The property is situated in a highly walkable residential neighborhood with convenient access to Downtown Berkeley, Telegraph Avenue, and the South Shattuck/Elmwood district. Just a few blocks east, Shattuck Avenue offers an extensive selection of restaurants, cafés, grocery stores, shopping, and everyday services. Downtown Berkeley BART is also nearby, providing convenient access to Oakland, San Francisco, and major employment centers throughout the Bay Area. With its proximity to UC Berkeley, public transportation, and abundant retail and dining amenities, 2425 Grant Street is well positioned within one of Berkeley’s most desirable rental markets.
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Double Pane Windows
- Freezer
- Linen Closet
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,550 | 500 |
| 2+1 | 9 | $2,448 | 800 - 900 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 055-1903-023-00 | Improvements Assessment | $2,694,636 |
| Land Assessment | $1,040,400 | Total Assessment | $3,745,536 |
Property Taxes
Parcel Number
055-1903-023-00
Land Assessment
$1,040,400
Improvements Assessment
$2,694,636
Total Assessment
$3,745,536
Contacts
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Timothy Warren -
Adam Beeri -
Kent Mitchell -
Randell Silva -
NAI Northern California
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