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
October 25, 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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