Active

2005 Berkeley Way

Berkeley CA, 94704

$2,380,000


$640.82 per sqft

Active

3,714 sqft

Commercial

Built in 1955

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.

41073440

MLS ID

September 17, 2024

Listed

November 21, 2024

Updated

Map

2005 Berkeley Way
Berkeley CA, 94704

Interior Features

Appliances

Washer, Gas Water Heater


Floor Description

Hardwood, Partial Carpeting


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Regular


Roof

Rolled/Hot Mop


Sewer

Public Sewer

Other Property Details

Area Name

Berkeley


Garage

No


Parking

Space Per Unit - 1, Uncovered Park Spaces 2


View

No


County

Alameda


Water Source

Public


Pool

No

Listing History

Date

Event

Price

10/18/2024

Price change

$2,380,000

-5%

Listed by Timothy Warren with NAI Northern California
Listing Contact: 510-336-4719 

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