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3110 California St 4 Unit Apartment Building Offered at $1,250,000 at a 5.38% Cap Rate Berkeley, CA 94703

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Investment Highlights

Perfect for Owner User
Common Laundry and Storage
Individually Metered for Gas, Electric & Water

Backyard Area
Additional Square Footage to be Unlocked via Attic connection

Executive Summary

3110 California Street, Berkeley, CA, a rare investment opportunity in the heart of South Berkeley.
Built in 1896 and rich with vintage character, this well-maintained four-unit multifamily property blends historic charm with modern-day practicality. The property offers an ideal combination of architectural appeal, income potential, and long-term value.
The unit mix includes three 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, perfect for attracting a broad range of tenants. All units have been thoughtfully updated, offering modern interiors that complement the building’s classic charm. The building has also been fully resealed and freshly painted, further enhancing its curb appeal and long-term durability while preserving its timeless aesthetic.
Highlights include separately metered gas, electric, and water, significantly reducing operating costs. The property also features a shared backyard, dedicated storage, and on-site laundry, providing added convenience for tenants and additional income potential for ownership. Unit 3110 has a large attic above the unit which could be easily converted to a loft area further driving income potential and unit size/bedroom count increases.

Property Facts

Price	$1,250,000	Property Type	Multifamily Multifamily Apartments
Price Per Unit	$312,500	Apartment Style	Low-Rise
Sale Type	Investment	Building Size	2,244 SF
Cap Rate	5.38%	No. Stories	2
Gross Rent Multiplier	12.7	Year Built	1896
No. Units	4	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,250,000
Price Per Unit	$312,500
Sale Type	Investment
Cap Rate	5.38%
Gross Rent Multiplier	12.7
No. Units	4
Property Type	Multifamily Multifamily Apartments
Apartment Style	Low-Rise
Building Size	2,244 SF
No. Stories	2
Year Built	1896
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.