Apartment Building with
New
For Sale
$1,685,000
1246 Berkeley Way, Berkeley, CA 94702
Apartment property with a dedicated parking lot, on-street parking, and wall furnace heating.
Property Size5,975 SF
Price / SF$282.01
Days on Market5
Property Features for 1246 Berkeley Way
General Information
Standard status
Active
Size
5,975 SF
Property subtype
Residential Income
Amenities
Wall Furnace
Parking Lot, On Street
Building Details
Building Size
5,975 SF
Year Built
1966
Listing Agency:
TCGOB, Inc
(510) 461-4663
Listed By:
Stephanie Christmas · License #01308253
(510) 461-4663
Source:
Evrealestate
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 5 at 5:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCGOB, Inc
Investment Insights
Based on property information with market context.
This apartment building was constructed in 1966 and has a reported property size of 5,975. Interior features include wall furnace heating, while exterior parking is provided through a parking lot and on-street spaces.
The property is located on Berkeley Way in Berkeley, within Alameda County. The recorded address places the asset in the 94702 ZIP code.
The property is located on Berkeley Way in Berkeley, within Alameda County. The recorded address places the asset in the 94702 ZIP code.
Key Highlights
- 5,975 reported property size
- Built in 1966
- Wall furnace heating
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 | $227.3k | $38.04 |
| − Vacancy | −$11.4k | −$1.90 |
| EGI | $215.9k | $36.14 |
| − OpEx | −$97.2k | −$16.26 |
| NOI | $118.8k | $19.88 |
5,975 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.48M – $1.98M
NOI $118,759 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.31M
$2.02M – $2.70M
NOI $161,755 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,955
Businesses Nearby
Explore this area
Business Placement
Demographics for 94702, CA
17,637
Population
8,209
Households
2.1
Avg Household Size
39
Median Age
65%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
13,567
Density / Sq Mi
$99,135
Median Household Income
$66,516
Median Earnings
$1,974
Median Rent
$1,168,200
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 - Apartment property with a dedicated parking lot, on-street parking, and wall furnace heating.
Where is this apartment building located?
The property is located at 1246 Berkeley Way Berkeley, CA.
What is the asking price?
The asking price for this property is $1,685,000.
What are key features of this property?
This property features: 5,975 reported property size; Built in 1966; Wall furnace heating
