3138 California St 8 Unit Apartment Building $2,000,000 ($250,000/Unit) 6.70% Cap Rate Berkeley, CA 94703

Just four blocks from Ashby BART and tucked into a quiet, tree-lined street, 3138 California St blends location, stability, and upside in one of South Berkeley’s most accessible pockets. This 8-unit building features (7) 2BD/1BA units and (1) 3BD/2BA across 6,208 sq ft, set on a 6,800 sq ft lot with a spacious rear parking area and on-site laundry. The building is set back from the street, offering added privacy and a quieter living environment for its tenants. Most units are renting near market, making this a clean, income-producing asset from day one. With its proximity to Shattuck Ave, Adeline St, cafés, markets, and parks, tenants enjoy convenience without sacrificing neighborhood feel. Offered at just $250K per unit and delivering a near 7% CAP, this is a rare opportunity to own a well-located, well-maintained multifamily building in a high-demand rental corridor.

TRANSPARENT PRICE. Unit 1 is vacant and can be shown via Calendly.
Contact Joey at joeywang@kwcommercial.com with questions.
For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7
Offers are due on Tuesday, February 3rd at noon.
Disclaimer: The photos in this listing have been digitally enhanced.