1360 Berkeley Way Berkeley, CA 94702
Well-maintained 1920s apartment building near North Berkeley BART.
Property Features for 1360 Berkeley Way
General Information
- Standard status
- Active
- Size
- 11,011 SF
Building Details
- Year Built
- 1929
Listing office EXP REALTY OF CALIFORNIA
Listing date Jun 14, 2025
Source Corcoran
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 EXP REALTY OF CALIFORNIA
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in a desirable Berkeley neighborhood, blocks from North Berkeley BART.
- Strong in‑place income with nearly $45,000 monthly rental income.
- Significant long‑term upside potential through interior modernization and operational upgrades.
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 | $418.9k | $38.04 |
| − Vacancy | −$20.9k | −$1.90 |
| EGI | $397.9k | $36.14 |
| − OpEx | −$179.1k | −$16.26 |
| NOI | $218.9k | $19.88 |
