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2231 Grant Street, Berkeley, CA 94703
Priced at Only: $5,328,000
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Address: 2231 Grant Street, Berkeley, CA 94703
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  • MLS#: ML82033849 ( )
  • Street Address: 2231 Grant Street
  • Viewed: 4
  • Price: $5,328,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1967
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: ALAMEDA
  • City: Berkeley
  • Zipcode: 94703
  • Provided by: Marcus & Millichap
  • Contact: Eymon Eymon
  • California Regional MLS IDX
  • DMCA Notice
  • 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 5.50% 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.
Features
Building Area Total
  1. 16733.00
Carport Spaces
  1. 4.00
Cooling
  1. None
Heating
  1. Electric
Insurance Expense
  1. 16424.00
Otherexpense
  1. 39164.00
Parcel Number
  1. 057201401901
Totalexpenses
  1. 186853.00
Trash Expense
  1. 8569.00
Water Source
  1. Public
Year Built
  1. 1967
Year Built Source
  1. Assessor
Zoning
  1. RM
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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