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Pre-war 1935 six-unit apartment building one block off College Avenue, minutes from UC Berkeley, Ashby BART, Rockridge, and the Claremont Hotel, with quick access to Highways 13, 24, and 580. Four 2BR/1BA units plus two 1BR/1BA units across 4,676 rentable SF on a 7,400 SF lot. One unit delivered vacant at closing — immediate releasing on half the building. Units 3 and 4 already leased at $3,400, validating the market rent. Unit 5 captures west-facing Bay views; Unit 6 captures south-facing city views — both unobstructed and private. New roof (2024–2025). Six on-site parking spaces — rentable as a separate income line. $291,667/unit, $317/SF. Current cap 5.96%, market cap 7.47%. Built for a 1031 buyer or local investor who wants Berkeley appreciation paired with immediate operational upside.
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Last Updated: Sep 14, 2026 3:02 PM. Source: CRMLS
Provided By
Listed by Joey Wang (#BMLS-R01890931), Email: joey.wang@loremultifamily.com
Listing Office: Keller Williams Realty (#BMLS-OBBKWR)
Provided By (Buyer)
Buyer's Agent: Peter Whang (#BMLS-MLL5108449)
Buyer's Office: Haylen Real Estate (#BMLS-MLL6043529)

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