1360 Berkeley Way, Berkeley, CA 94702

Property Description

Pleased to present 1360 Berkeley Way, a nineteen (19)-unit multifamily property situated on a 5,625 square foot lot in one of Berkeley's most sought-after neighborhoods. Built in 1929, the approximately 11,011 square foot building features an attractive unit mix of eleven (11) one-bedroom/one-bath units, seven (7) studio units, and one (1) one-bedroom/one-bath penthouse unit, offering broad tenant appeal and stable in-place income. The property has been well maintained and benefits from significant capital improvements, including a newer roof, updated electrical systems, renovated units, dual-pane windows, a newer boiler, water heater, and fresh exterior paint, reducing near-term capital expenditure needs for a new owner. With its desirable unit mix, strong in-place cash flow, and exceptional Berkeley location, 1360 Berkeley Way presents a compelling investment opportunity for investors seeking long-term stability and appreciation in one of the East Bay's premier rental markets. 1360 Berkeley Way is ideally located in Central Berkeley, just blocks from North Berkeley BART Station and within walking distance of the city's renowned dining, shopping, and cultural amenities. Residents enjoy convenient access to Downtown Berkeley, the Gourmet Ghetto, the University of California, Berkeley, and Ohlone Park, while nearby Interstate 80 and University Avenue provide seamless connectivity throughout the East Bay and San Francisco. The property's highly walkable location, excellent public transportation options, and proximity to major employment centers continue to drive strong rental demand, making 1360 Berkeley Way an exceptionally well-positioned multifamily investment in one of the Bay Area's most desirable rental markets.