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1360 Berkeley Way 19 Unit Apartment Building $6,952,899 CAD ($365,942 CAD/Unit) 6.95% Cap Rate Berkeley, CA 94702
Investment Highlights
- Blocks from North Berkeley BART with walkable access to UC Berkeley, retail, dining, and transit
- Stabilized asset with immediate income and long-term hold potential
- New roof, electrical upgrades, renovated units, dual-pane windows, boiler + water heater
- ~$44,600/month ($535K annually) with consistent occupancy
- 11 One-Bedroom | 7 Studios | 1 Two-Bedroom Penthouse Reliable, government-backed rental income providing stability and consistent collections
- UC Berkeley, BART, employment centers, and lifestyle amenities
Executive Summary
Prime Location | Just blocks from the North Berkeley BART station, offering strong walkability, direct transit access, and close proximity to UC Berkeley, restaurants, parks, and cultural attractions.
Attractive Unit Mix | 19 total units consisting of 11 one-bedroom units, 7 studios, and 1 two-bedroom penthouse, appealing to a diverse and stable tenant base.
Strong In-Place Income | Currently generating approximately $45,000 per month in rental income with consistent occupancy and future upside potential.
Recent Capital Improvements | Major upgrades include a new roof, electrical system improvements, renovated interiors, new boiler and water heater, dual-pane windows, and fresh exterior paint.
Quiet Residential Setting | Located on a low-traffic residential street with convenient access to Berkeley’s main retail corridors, open spaces, and transit options.
Value-Add Potential | Opportunity to increase rents through strategic interior updates and operational efficiencies.
High-Demand Rental Submarket | Positioned in a strong Berkeley rental corridor with limited supply, low vacancy, and sustained tenant demand.
Turnkey Investment | Well-maintained, stabilized asset offering dependable income with additional upside in a premier East Bay location.
Attractive Unit Mix | 19 total units consisting of 11 one-bedroom units, 7 studios, and 1 two-bedroom penthouse, appealing to a diverse and stable tenant base.
Strong In-Place Income | Currently generating approximately $45,000 per month in rental income with consistent occupancy and future upside potential.
Recent Capital Improvements | Major upgrades include a new roof, electrical system improvements, renovated interiors, new boiler and water heater, dual-pane windows, and fresh exterior paint.
Quiet Residential Setting | Located on a low-traffic residential street with convenient access to Berkeley’s main retail corridors, open spaces, and transit options.
Value-Add Potential | Opportunity to increase rents through strategic interior updates and operational efficiencies.
High-Demand Rental Submarket | Positioned in a strong Berkeley rental corridor with limited supply, low vacancy, and sustained tenant demand.
Turnkey Investment | Well-maintained, stabilized asset offering dependable income with additional upside in a premier East Bay location.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$744,772
|
$67.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$744,772
|
$67.64
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$261,735
|
$23.77
|
| Net Operating Income |
$483,037
|
$43.87
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $744,772 |
| Annual Per SF | $67.64 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $744,772 |
| Annual Per SF | $67.64 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $261,735 |
| Annual Per SF | $23.77 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $483,037 |
| Annual Per SF | $43.87 |
Property Facts
| Price | $6,952,899 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $365,942 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.95% | Building Size | 11,011 SF |
| No. Units | 19 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1929 |
| Price | $6,952,899 CAD |
| Price Per Unit | $365,942 CAD |
| Sale Type | Investment |
| Cap Rate | 6.95% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 11,011 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1929 |
Amenities
Site Amenities
- Vintage Building
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | $3,372 CAD | 500 - 637 |
| Studios | 7 | $2,434 CAD | 435 - 500 |
| 2+1 | 1 | $4,475 CAD | 583 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 057-2073-017-00 | Improvements Assessment | $775,764 CAD |
| Land Assessment | $364,271 CAD | Total Assessment | $1,152,260 CAD |
Property Taxes
Parcel Number
057-2073-017-00
Land Assessment
$364,271 CAD
Improvements Assessment
$775,764 CAD
Total Assessment
$1,152,260 CAD
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1360 Berkeley Way
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