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2241 9th St 5 Unit Apartment Building $2,021,865 CAD ($404,373 CAD/Unit) 6.87% Cap Rate Berkeley, CA 94710
Investment Highlights
- 5 Two Bedroom / One Bath Units.
- ONLY $336.84 Per SqFt !!!
- Plus 7 Parking Spaces.
Executive Summary
2241 9th Street offers a great opportunity to own a residential income property in West Berkeley, a highly desirable neighborhood known for strong rental demand and convenient commuter access. The property is just minutes from Interstates 80 and 580, providing easy access to San Francisco, Oakland, and other Bay Area cities. It is also close to shops, restaurants, and local businesses along San Pablo Avenue.
The building includes approximately 4,750 square feet of living space on a 6,913 square-foot lot. It features five 2-bedroom, 1-bathroom units, including four two-story units at the rear of the lot and one full-floor unit above the front parking area. Two units are currently vacant, offering immediate rental potential. The property also provides seven on-site parking spaces. It is zoned R-2, and the APN is 56-1975-22.
This is a rare opportunity to purchase a well-located, income-producing property in Berkeley with both current income and future upside potential.
The building includes approximately 4,750 square feet of living space on a 6,913 square-foot lot. It features five 2-bedroom, 1-bathroom units, including four two-story units at the rear of the lot and one full-floor unit above the front parking area. Two units are currently vacant, offering immediate rental potential. The property also provides seven on-site parking spaces. It is zoned R-2, and the APN is 56-1975-22.
This is a rare opportunity to purchase a well-located, income-producing property in Berkeley with both current income and future upside potential.
Property Facts
| Price | $2,021,865 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $404,373 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.87% | Building Size | 4,750 SF |
| Gross Rent Multiplier | 10.37 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.47/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-2, Berkeley | ||
| Price | $2,021,865 CAD |
| Price Per Unit | $404,373 CAD |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| Gross Rent Multiplier | 10.37 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,750 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2, Berkeley |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 056-1975-022-00 | Improvements Assessment | $1,190,063 CAD |
| Land Assessment | $386,330 CAD | Total Assessment | $1,576,393 CAD |
Property Taxes
Parcel Number
056-1975-022-00
Land Assessment
$386,330 CAD
Improvements Assessment
$1,190,063 CAD
Total Assessment
$1,576,393 CAD
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2241 9th St
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