1430 Josephine St Berkeley, CA 94703
19-unit multifamily property with value-add potential in Berkeley.
Type:Multifamily
Property size:
12,288 SFLot size:
0.31 Acres- Added:
- Apr 3, 2026
- Days on Market:
- 22
- Last Refresh:
- Apr 3 at 5:40 am
Property Features for 1430 Josephine St
General Information
- Standard status
- Active
- Size
- 12,288 SF
- Lot size
- 0.31 Acres
- 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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Overview
Berkeley Multifamily Investment Opportunity
The property at 1430 Josephine Street in Berkeley presents a multifamily investment opportunity. This 12,288-square-foot property, situated on a 0.31-acre lot, features 19 units: fifteen 2-bedroom units and four 1-bedroom units. The property has undergone a full electrical service upgrade and seismic retrofit in compliance with Berkeley’s city ordinance. Located near North Berkeley BART, UC Berkeley, and the Shattuck Avenue corridor, the property benefits from strong tenant demand and long-term rental fundamentals. The current rent roll is $41,047 per month. Current rents are approximately 31% below market, offering value-add potential. The cap rate is projected to improve from 5.37% to 9.25% as rents are brought to market levels.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.2754287
- Latitude
- 37.8800562
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 19-unit multifamily property with value-add potential in Berkeley.
Where is this apartment building located?
The property is located at 1430 Josephine St Berkeley, CA.
What is the asking price?
The asking price for this property is $5,280,000.
What are key features of this property?
This property features: Significant value‑add potential with rents 31% below market.; Projected cap rate increase from 5.37% to 9.25% as rents are brought to market levels.; Recently completed full electrical service upgrade and seismic retrofit.
