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3200-3208 California St 10 Unit Apartment Building $6,800,000 ($680,000/Unit) 6.80% Cap Rate Berkeley, CA 94703
Investment Highlights
- Offered at $6,800,000 with a 6.8% cap rate
- Located in Berkeley, CA (East Bay submarket) with strong fundamentals
- Potential for long-term appreciation due to supply constraints
- Stabilized income-producing investment opportunity
- Attractive yield relative to typical Bay Area cap rate environment
- Multi-tenant configuration supports diversified income stream
Executive Summary
Suitable for investors seeking steady cash flow in a core locatio.3200–3208 California St is a multi-tenant investment property located in Berkeley, CA, offered at an asking price of $6,800,000 and a reported cap rate of approximately 6.8%. The asset appears to be positioned as a stabilized, income-producing property with in-place cash flow at market-supported returns. The offering presents investors with an opportunity to acquire a Bay Area asset with stable tenancy and potential long-term appreciation upside in a high-demand East Bay location. The pricing reflects a competitive cap rate for the Berkeley submarket, suggesting strong investor interest driven by location fundamentals, tenant demand, and limited supply of comparable product.
Property Facts
| Price | $6,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $680,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.80% | Building Size | 7,554 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1944 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R2A, Berkeley - Residential Mulitfamily | ||
| Price | $6,800,000 |
| Price Per Unit | $680,000 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,554 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1944 |
| Opportunity Zone |
Yes |
| Zoning | R2A, Berkeley - Residential Mulitfamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 3 | - | - |
| 3+1 | 4 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 052-1536-001-01 | Improvements Assessment | $2,420,809 |
| Land Assessment | $1,479,712 | Total Assessment | $3,900,521 |
Property Taxes
Parcel Number
052-1536-001-01
Land Assessment
$1,479,712
Improvements Assessment
$2,420,809
Total Assessment
$3,900,521
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3200-3208 California St