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2231-2233 Grant St 22 Unit Apartment Building $7,324,800 CAD ($332,945 CAD/Unit) 6.17% Cap Rate Berkeley, CA 94703
INVESTMENT HIGHLIGHTS
- WALKING distanced to UC Berkeley and Downtown
- Gated access
- Close to BART
- One of the Highest Cap Rates in Berkley
EXECUTIVE SUMMARY
Price improvement! Presenting a rare investment opportunity in the heart of Berkeley—a 22-unit multifamily building, with 100% occupancy, located at 2231 Grant Street, just blocks from UC Berkeley. This well-maintained property offers an unbeatable location with strong rental demand, driven by proximity to campus, downtown Berkeley BART, and an array of vibrant shops, restaurants, and cultural attractions. The building features a mix of spacious units, 2 on-site laundry rooms, and secure entry, making it ideal for both student and professional tenants. With consistent cash flow and an upside potential through rent increases or future value-add improvements, this asset is a standout addition to any multifamily portfolio. Don’t miss your chance to own a prime piece of Berkeley real estate in one of the most dynamic rental markets in the Bay Area.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $7,324,800 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $332,945 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 6.17% | Building Size | 14,555 SF |
| Gross Rent Multiplier | 10.7 | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Price | $7,324,800 CAD |
| Price Per Unit | $332,945 CAD |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 14,555 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 0.96/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Disposal
- Microwave
- Heating
- Kitchen
- Range
- Tub/Shower
- Breakfast Nook
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Bicycle Storage
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 675 |
| 1+1 | 11 | - | 775 |
| 2+1 | 8 | - | 850 |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (70)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 057-2014-019-01 | Improvements Assessment | $4,788,706 CAD |
| Land Assessment | $2,667,327 CAD | Total Assessment | $7,456,033 CAD |
PROPERTY TAXES
Parcel Number
057-2014-019-01
Land Assessment
$2,667,327 CAD
Improvements Assessment
$4,788,706 CAD
Total Assessment
$7,456,033 CAD
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2231-2233 Grant St
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