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2005 Berkeley Way

Berkeley, CA 94704

PRICE REDUCED

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-$100,000 (-4.03%)

$2,380,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1955

calendar_month Built

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.

Listing Information

List Price $2,380,000
Status Active
MLS 41073440
HOA $0
Type Residential Income
Year Built 1955
Lot Size 6,120
Structure Size N/A
DOM 38
Courtesy Of NAI Northern California
Listing Agent Timothy Warren DRE#02008347
Co-Listing Agent Grant Chappell DRE#01700439

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

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Listing information courtesy of: Timothy Warren, Grant Chappell, NAI Northern California 510-336-4719. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 12:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.