2231 Grant St Berkeley, CA 94703
Meticulously maintained 22-unit multifamily property in the heart of Berkeley.
Type:Multifamily
Property size:
16,733 SF- Added:
- Apr 3, 2026
- Days on Market:
- 23
- Last Refresh:
- Apr 3 at 5:08 am
Property Features for 2231 Grant St
General Information
- Standard status
- Active
- Size
- 16,733 SF
- Property subtype
- Multifamily
Listing agent Eymon Binesh License #CA: 02060059 (415) 625-2161
Listing office San Francisco Office (415) 625-2161
Listing date Apr 3, 2026
Source Marcusmillichap
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All listing content including descriptions, pricing, images are the copyrighted material of San Francisco Office
Overview
Berkeley Multifamily Investment Opportunity
The property at 2231 Grant Street is a meticulously maintained 22-unit multifamily community located in the heart of Berkeley, offering a mix of studios, one-bedroom, and two-bedroom residences. This 16,733-square-foot asset represents an investment opportunity in Northern California's rental market. The property delivers day-one cash flow with a 5.53% Cap Rate and features a 25% loss-to-lease, providing an investor with a roadmap to achieve an 8.54% pro forma yield. With its functional layout, carport parking, and individually metered utilities, this asset balances stability with long-term appreciation potential. The property is positioned in a "Walker’s Paradise," with a 97 Bike Score and 87 Walk Score. It is situated blocks from the UC Berkeley campus and the Downtown Berkeley BART station, providing transit access to Oakland and San Francisco. Residents enjoy a neighborhood atmosphere filled with dining, shopping, and parks, while being minutes away from the region's intellectual and economic hubs. This location ensures demand from students, faculty, and tech professionals, making it an investment destination in the East Bay.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.2744951
- Latitude
- 37.8673591
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Meticulously maintained 22-unit multifamily property in the heart of Berkeley.
Where is this apartment building located?
The property is located at 2231 Grant St Berkeley, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: High Day‑One Cash Flow: Current 5.53% Cap Rate provides immediate returns.; Significant Upside Potential: 25% loss‑to‑lease offers a clear path to an impressive 8.54% pro forma yield.; Prime Location: Situated in a 'Walker's Paradise' with a 97 Bike Score and 87 Walk Score, close to UC Berkeley and Downtown Berkeley BART.
