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Listed by Gauri Kohli • eXp Realty of California
$ 5,300,000
Est. payment /mo
Active
1360 Berkeley Way Berkeley, CA 94702
5,150 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41100770
Year Built 1929
Lot Size 5,150 Sqft
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. Open House June 10th 11AM-1PM. 1360 Berkeley Way offers a rare opportunity to acquire a well-positioned multifamily property in one of Berkeley's most desirable neighborhoods. This classic 1920s apartment building features an attractive unit mix and provides both strong in-place income and significant long-term upside potential. Located just blocks from North Berkeley BART station, the property boasts excellent walkability and access to public transit. Its prime location appeals to a wide tenant base, including students, professionals, and long-term residents. The building has been well maintained and benefits from substantial recent capital improvements, including a new roof, updated electrical systems, renovated units, new boiler, water heater, dual-pane windows, and fresh exterior paint. Interior modernization and operational upgrades present further value-add potential. With on-site parking, a quiet residential setting, and proximity to acclaimed dining, parks, and cultural institutions, 1360 Berkeley Way offers strong tenant appeal and consistent occupancy. The current unit mix includes 11 one-bedroom units, 7 studios, and 1 two-bedroom penthouse, generating nearly $45,000 in monthly rental income.
Location
State CA
County Alameda
Interior
Heating None
Exterior
Parking Features Gated