WM. Penn Apartments 2172 Blake St 10 Unité Immeuble d’appartements 3 716 631 $ CAD (371 663 $ CAD/Unité) 6% Taux de capitalisation Berkeley, CA 94704

Just four blocks from UC Berkeley and half a block off Shattuck Ave, 2172 Blake St is positioned in one of South Berkeley’s most reliable rental locations, where proximity continues to drive demand year after year. This 10-unit building offers a strong foundation with a clean, well-maintained structure and a unit mix of (2) 1BDs and (8) 2BDs across 6,902 sq ft. Current 2BD rents average $2,300–$2,500/month, leaving clear room to grow toward ~$3,000+ market levels. Several units feature oversized living rooms that may be reconfigured into additional bedrooms to better capture student demand. The building has been seismically retrofitted and is no longer on Berkeley’s soft story list, and includes gated entry, 10 parking spaces, 11 storage closets, and onsite laundry. With transit, dining, and campus just minutes away, this is a stabilized asset with meaningful upside in both income and long-term value.
TRANSPARENT PRICE. Unit 7 is vacant and can be shown via Calendly.
Contact Joey at joey.wang@loremultifamily.com with questions.
For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale/
Offers are due on Friday, May 8th at noon.
Disclaimer: The photos in this listing have been digitally enhanced.