Berkeley Multifamily Investment
1213 San Pablo Ave Berkeley, CA 94706
1213 San Pablo Ave, Berkeley, CA, 94706
$2,550,000
For Sale
$2,550,000
MULTI_FAMILY - Berkeley, CA
Property Size5,216 SF
Lot Size0.11 Acres
Price / SF$488.88
Days on Market83
Property Features for 1213 San Pablo Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Covered, Parking Lot
- Appliances
- Refrigerator
- Standard status
- Active
- Size
- 5,216 SF
- Lot size
- 0.11 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1958
- Flooring type
- Vinyl, Hardwood, Carpet, Tile
- Building materials
- Stucco
Listing agency
Keller Williams Realty
(925) 934-2900
Listed by
Joey Wang · License #01890931
(510) 592-5554
Added: Apr 30 Updated: Jul 12 at 5:32AM Checked: Jul 21 at 9:06PM
MLS# 41133010
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located along the San Pablo corridor, with direct access to I-80 and AC Transit lines to UC Berkeley, this property offers a 14-unit investment opportunity. The building is well maintained with dual pane windows throughout. Select units have already been remodeled. The property consists entirely of 1-bedroom units. Several units are currently vacant. Tenants benefit from being less than a 5-minute walk to Whole Foods and Sprouts, with dining and retail options nearby and a short drive to Solano Avenue and Fourth Street. Located within the West Berkeley Commercial district, the property also offers long-term redevelopment potential. The property size is 5216 square feet and the lot size is 0.1148 acres.
Key Highlights
- 14‑unit multifamily property made up entirely of 1BD units
- Several units are currently vacant, offering the ability to place new tenants at market rents
- Dual pane windows throughout; select units are already remodeled
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.4k | $38.04 |
| − Vacancy | −$9.9k | −$1.90 |
| EGI | $188.5k | $36.14 |
| − OpEx | −$84.8k | −$16.26 |
| NOI | $103.7k | $19.88 |
5,216 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,673 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,208 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-located 14-unit apartment building near amenities and transportation.
Where is this apartment building located?
The property is located at 1213 San Pablo Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 14‑unit multifamily property made up entirely of 1BD units; Several units are currently vacant, offering the ability to place new tenants at market rents; Dual pane windows throughout; select units are already remodeled
