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Listed by Ken Wu • Compass
$2,300,000
Est. payment /mo
1 Bed
2 Baths
3,169 SqFt
Open Tue 11AM-12PM
1827 Berkeley WAY Berkeley, CA 94703
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OPEN HOUSE
Tue May 27, 11:00am - 12:00pm
Wed May 28, 2:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,169 sqft
Price per Sqft $725
MLS Listing ID MR41098638
Bedrooms 1
Year Built 1910
Lot Size 4,791 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
The R&Z Group of Compass Commercial is 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
Area Berkeley Map Area 3
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Hardwood
Laundry In Laundry Room
Exterior
Exterior Feature Wood Frame
Parking Features No Parking
Roof Type Other
Building
Water Other, Heater - Gas
Others
Special Listing Condition New, Not Applicable
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