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$ 5,200,000
Est. payment | /mo
5 Beds
4.5 Baths
16,733 SqFt
$ 5,200,000
Est. payment | /mo
5 Beds
4.5 Baths
16,733 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 16,733 sqft
Price per Sqft $310
Lot Size 0.298 Acres
MLS Listing ID ML82033849
Bedrooms 5
Full Baths 4
Half Baths 1
Property Description
Marcus & Millichap is pleased to present 2231 Grant Street, a well-located 22-unit apartment community in Berkeley featuring a strong mix of spacious two-bedroom, one-bedroom, and studio floor plans. Situated in a highly desirable rental market with consistent demand, the property benefits from strong fundamentals, proximity to major employers and transit, and easy access to downtown Berkeley, UC Berkeley, and neighborhood retail. The property offers a 5.7% in-place cap-rate with upside to an estimated 9% return, combined with an exceptionally low price per unit, presenting a rare value-add opportunity in one of the Bay Area's most supply-constrained rental markets.
Location
State CA
County Alameda
Area Berkeley Map Area 7
Zoning RM
Rooms
Other Rooms Laundry Room
Interior
Heating Electric
Cooling None
1-purchase type For Sale
Exterior
Garage Assigned Spaces, Off-Street Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Rolled Composition
Building
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 057-2014-019-01
Security Features None
Special Sale Not Applicable
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Listed by Eymon Binesh of Marcus & Millichap
Bought with Eymon Binesh of Marcus & Millichap
Bought with Eymon Binesh of Marcus & Millichap
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