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In-PersonVirtual Tour
$ 2,300,000
Est. payment /mo
Open 5/28 2PM-3PM
1827 Berkeley Way Berkeley, CA 94703
4,791 Sqft Lot
OPEN HOUSE
Wed May 28, 2:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41098638
HOA Y/N No
Year Built 1910
Lot Size 4,791 Sqft
Property Description
Proud to present 1827 Berkely Way, Berkeley, CA—a prime multifamily investment opportunity in the City of Berkeley. Located at 1827 Berkeley Way, this fully occupied 9-unit apartment building offers a rare opportunity to own a turnkey asset in one of Berkeley's most sought-after locations. Just three blocks from UC Berkeley and directly across the street from Trader Joe's, the property features a desirable mix of (3) 1 Bed 1 Bath & (6) studios units. All units have been thoughtfully renovated over the years, ensuring strong tenant demand and minimal deferred maintenance. The property boasts a solid 5.38% cap rate and an 11.7 GRM, making it an ideal addition to any investor's portfolio. This is a stabilized, income-producing asset in a prime walkable location, surrounded by amenities, transit, and consistent rental demand. As an added benefit, the seller is offering attractive financing—carrying a 5% interest-only note for 3 to 5 years with a 35% down payment—providing flexibility and ease of acquisition. With strong in-place cash flow, long-term upside, and rare seller terms, 1827 Berkeley Way is a compelling opportunity for investors seeking immediate returns in the heart of Berkeley.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Building
Water Other
Others
Tax ID 57206310
Listed by Ken Wu • Compass