14-Unit Apartment
For Sale
$2,550,000
1213 San Pablo Ave, Berkeley, CA 94706
MULTI_FAMILY - Berkeley, CA
Property Size5,216 SF
Lot Size0.11 Acres
Price / SF$488.88
Days on Market94
Property Features for 1213 San Pablo Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Parking Lot, Covered
Subdivision
BERKELEY
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
Tile, Carpet, Vinyl, Hardwood
Building materials
Stucco
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Added: Apr 30
Changed: Jul 31
Last Checked: Aug 1 at 12:06PM
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.
1213 San Pablo Ave is a well-positioned 14-unit apartment investment with a consistent unit mix of all 1BD units. The building is constructed with stucco and appears well maintained, featuring dual pane windows throughout. Several units have been remodeled, while multiple units are currently vacant, giving a new owner flexibility to place tenants and ramp income.
The property is located along the San Pablo corridor with direct access to I-80 and AC Transit lines to UC Berkeley. Tenants benefit from being less than a 5-minute walk to Whole Foods and Sprouts, with additional dining and retail options nearby, and a short drive to Solano Avenue and Fourth Street. The property sits within the West Berkeley Commercial district.
Built in 1958, the building is served by public water and public sewer. Parking is provided via a parking lot with covered spaces, supporting everyday tenant needs. Heating is provided by wall furnaces. Flooring finishes include tile, carpet, vinyl, and hardwood.
The property is located along the San Pablo corridor with direct access to I-80 and AC Transit lines to UC Berkeley. Tenants benefit from being less than a 5-minute walk to Whole Foods and Sprouts, with additional dining and retail options nearby, and a short drive to Solano Avenue and Fourth Street. The property sits within the West Berkeley Commercial district.
Built in 1958, the building is served by public water and public sewer. Parking is provided via a parking lot with covered spaces, supporting everyday tenant needs. Heating is provided by wall furnaces. Flooring finishes include tile, carpet, vinyl, and hardwood.
Key Highlights
- 14‑unit apartment building with all 1BD units
- Dual pane windows throughout; several units remodeled
- Multiple units currently vacant for leasing momentum
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 94706, CA
21,134
Population
8,386
Households
2.5
Avg Household Size
37
Median Age
77%
College-Educated
97%
High-School Grad
1.5 sq mi
ZIP Area
14,089
Density / Sq Mi
$136,961
Median Household Income
$75,849
Median Earnings
$2,394
Median Rent
$1,188,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 14-unit apartment building with all 1BD units, dual pane windows, select remodeled units, and some current vacancies.
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 apartment building with all 1BD units; Dual pane windows throughout; several units remodeled; Multiple units currently vacant for leasing momentum
