9 unit apartments in the heart of Berkeley 2732 Martin Luther King Jr Way
9 Unit Apartment Building $1,800,000 ($200,000/Unit) Berkeley, CA 94703
INVESTMENT HIGHLIGHTS
- Trust Sale
- in the heart of Berkeley
- 9 unit apt complex
- rental upside
EXECUTIVE SUMMARY
Trust Sale -The apartment complex is located just minutes from Downtown Berkeley, South Berkeley encompasses part of historic Rancho San Antonio. Today, it has become a mecca for sports as well as cool apartments. The Ashby Stage is a great place to see a show, and it’s down the road from the Berkeley Bowl supermarket. Adeline Street is
where you’ll find most restaurants, nightlife, and Ashby BART Station. Grove Park offers an array of outdoor amenities to locals including sports courts and a playground. When you live in South Berkeley, you’re close to the University of California, Berkeley and five miles from Oakland. • 9 unit Apartment Complex • Single Building Complex • Parking spaces 9 on-site spaces • On site laundry • 24-Hour access • Below market rents with upside • Unit have Heating. The Apartments Complex features 9 apartments in single buildings. (8) 1 bedroom/1 bathroom apartments (1) 3 bedroom/2 bathroom apartment. 7010SF on a 6955 lot, 3 stories, Gross income for 2024 $113,485. 100% occupied. Specific seller requirements, contact listing broker for information view property due diligence at Braunco.com.
where you’ll find most restaurants, nightlife, and Ashby BART Station. Grove Park offers an array of outdoor amenities to locals including sports courts and a playground. When you live in South Berkeley, you’re close to the University of California, Berkeley and five miles from Oakland. • 9 unit Apartment Complex • Single Building Complex • Parking spaces 9 on-site spaces • On site laundry • 24-Hour access • Below market rents with upside • Unit have Heating. The Apartments Complex features 9 apartments in single buildings. (8) 1 bedroom/1 bathroom apartments (1) 3 bedroom/2 bathroom apartment. 7010SF on a 6955 lot, 3 stories, Gross income for 2024 $113,485. 100% occupied. Specific seller requirements, contact listing broker for information view property due diligence at Braunco.com.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$113,485
|
$11.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,485
|
$11.04
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $1,800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 10,278 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 0.78/1,000 SF |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+2 | 1 | - | - |
1 of 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 054-1726-002-00 | Improvements Assessment | $164,328 |
| Land Assessment | $190,976 | Total Assessment | $355,304 |
