Log In/Sign Up
Your email has been sent.
1444 Walnut St
Berkeley, CA 94709
Bldg 1 · Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- Corner Location in the Heart Of North Berkeley's Gourmet Ghetto
- Most Units Been Renovated In The Past.
- Excellent Unit Mix of 2 Bedrooms, 1 Bedroom, and Commercial Space.
- Across From Original Peet's Coffee Location
EXECUTIVE SUMMARY
1444 Walnut St is a rare opportunity for a 11-unit trophy asset building available in Berkeley's esteemed Gourmet Ghetto, conveniently accessible from the original Peet's coffee located at the corner of Walnut and Vine, and only 3 blocks away from the prestigious University of California, Berkeley. This property comprises 9 apartments, 2 commercial spaces, an elevator, and secured parking with 6 spaces and 6 storage units. Unit mix consists of (five) 2 bed 1 bath units, (three) 1 bed 1 bath units, a 2 bed 2 bath 2 level penthouse with fireplace, and two commercial spaces on the ground floor. All the residential units have been updated and offers balconies with Bay Views. The two commercial spaces consist of an corner office space (800 sqft.) and a retail space (450 sqft.) located on the end of the building which has been occupied by the same business for over 24 years. With a Walkscore of 96, the location cannot be beat as you are in the heart of the Gourmet Ghetto offering a plethora of dining/food options, close to Downtown Berkeley BART, public transportation, and shopping. This is a great rar opportunity to acquire a prime asset in an excellent location.
PROPERTY FACTS
| Price Per Unit | $588,487 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.01% | Building Size | 8,467 SF |
| Gross Rent Multiplier | 11.75 | Average Occupancy | 73% |
| No. Units | 11 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | C-1 | ||
| Price Per Unit | $588,487 CAD |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 11.75 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 8,467 SF |
| Average Occupancy | 73% |
| No. Stories | 4 |
| Year Built | 1965 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | C-1 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Refrigerator
- Range
SITE AMENITIES
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,012 |
| 2+1 | 5 | - | 836 |
| 1+1 | 5 | - | 475 - 800 |
PROPERTY TAXES
| Parcel Number | 059-2261-004-03 | Improvements Assessment | $6,111,451 CAD |
| Land Assessment | $2,621,617 CAD | Total Assessment | $8,733,068 CAD |
PROPERTY TAXES
Parcel Number
059-2261-004-03
Land Assessment
$2,621,617 CAD
Improvements Assessment
$6,111,451 CAD
Total Assessment
$8,733,068 CAD
1 of 25
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
