$ 2,380,000
2005 Berkeley Way Berkeley, CA 94704
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$ 2,380,000
Est. payment /mo
Active
2005 Berkeley Way Berkeley, CA 94704
3,714 SqFt
UPDATED:
10/25/2024 08:29 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,714 sqft
Price per Sqft $640
MLS Listing ID 41073440
HOA Y/N No
Year Built 1955
Lot Size 6,120 Sqft
Acres 0.14
Property Description
Pleased to present 2005 Berkeley Way, a 5-unit multifamily property located in a prime Berkeley location. The property consists of (1) 2 bedroom/2 bathroom cottage, (3) 2 bedroom/1 bathroom units, (1) 1 bedroom/1 bathroom unit, and 5 gated off-street parking spots. Improvements include unit renovations, upgraded electrical, and a new security gate The property is individually metered for WATER, gas, and electricity keeping expenses low. Being just steps away from the UC Berkeley campus, this property has steady turnover allowing for consistent rent growth. This is an extremely rare opportunity to acquire a great asset in a prized Berkeley location. 2005 Berkeley Way is ideally located for tenants commuting to all points of the Bay Area. Commuters utilizing public transportation will benefit from living one block from city bus lines and 0.3 miles from the Downtown Berkeley BART station. The property is two blocks from the UC Berkeley Campus providing a long-term stable tenant base and steps away from Shattuck and University Avenues allowing endless shopping and restaurant choices. Because of this property's attractive location, it will continue to demand premium tenants and maintain a very low vacancy rate.
Location
State CA
County Alameda
Area Listing
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Partial Carpeting
Fireplace No
Appliance Washer, Gas Water Heater
Exterior
Utilities Available All Public Utilities, Individual Electric Meter, Individual Gas Meter
Building
Lot Description Regular
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 57205127
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Listed by Timothy Warren • NAI Northern California