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Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$4,828,000
Est. payment /mo
5 Beds
4.5 Baths
15,069 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 15,069 sqft
Price per Sqft $320
MLS Listing ID ML82053677
Bedrooms 5
Full Baths 4
Half Baths 1
Year Built 1967
Lot Size 0.298 Acres
Property Sub-Type Five or More Units
Property Description
Perfectly positioned just blocks from the University of California, Berkeley and the vibrant dining, shopping, and entertainment along Downtown Berkeley and Shattuck Avenue, 2231 Grant Street offers investors the opportunity to acquire a premier Berkeley apartment asset in one of the East Bay's most sought-after rental markets. The 22-unit community features an attractive mix of studio, one-bedroom, and two-bedroom floor plans within a well-maintained, elevator-served building with individually metered gas and electricity and 10 off-street parking spaces. Priced at just $219,000 per unit with a 6.39% in-place CAP rate and significant upside, 2231 Grant Street represents one of the most compelling multifamily investment opportunities currently available in Berkeley.
Location
State CA
County Alameda
Area Berkeley Map Area 7
Zoning RM
Rooms
Other Rooms Laundry Room
Interior
Heating Electric
Cooling None
Laundry Coin Operated
Exterior
Parking Features 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 Listing Condition Not Applicable
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