Berkeley Mixed-Use Trophy
1444 Walnut St Berkeley, CA 94709
1444 Walnut St, Berkeley, CA, 94709
$4,700,000
For Sale
$4,700,000
Eleven-unit building in Berkeley's Gourmet Ghetto with apartments and commercial spaces.
Property Size7,167 SF
Price / SF$655.78
Days on Market244
Property Features for 1444 Walnut St
General Information
- Standard status
- Active
- Size
- 7,167 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing Agency
KW ADVISORS EAST BAY
(510) 775-1079
Listed by
JUSTIN PAEK
Source
Corcoran
Added: Nov 19, 2025 Updated: Jul 6 at 10:26 am Checked: Jul 20 at 6:28 am
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 KW ADVISORS EAST BAY
Investment Insights
Based on property information with market context.
Located in Berkeley's Gourmet Ghetto, 1444 Walnut St presents a rare opportunity to acquire an eleven-unit trophy asset building. The property is conveniently accessible from the original Peet's coffee and is situated just three blocks from the University of California, Berkeley. The building features nine apartments and two commercial spaces, along with an elevator and secured parking that includes six spaces and six storage units. The unit mix consists of five 2-bed 1-bath units, three 1-bed 1-bath units, and a 2-bed 2-bath 2-level penthouse with a fireplace. All residential units have been updated and include balconies with Bay Views. The two commercial spaces consist of an 800-square-foot corner office space and a 450-square-foot retail space, which has been occupied by the same business for over 24 years. The property is in the heart of the Gourmet Ghetto, offering a variety of dining and food options, and is close to Downtown Berkeley BART, public transportation, and shopping. The property has a Walkscore of 96.
Key Highlights
- Prime location in Berkeley's Gourmet Ghetto with a Walkscore of 96, near dining, transportation, and shopping.
- Rare 11‑unit trophy asset building with a mix of 9 apartments and 2 commercial spaces.
- Close proximity (3 blocks) to the University of California, Berkeley.
Local Financial Insights For Retail
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 | $258.0k | $36.00 |
| − Vacancy | −$19.4k | −$2.70 |
| EGI | $238.7k | $33.30 |
| − OpEx | −$71.6k | −$9.99 |
| NOI | $167.1k | $23.31 |
7,167 SF · lease $36.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.39M
$2.09M – $2.78M
NOI $167,063 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$2.04M
$1.78M – $2.37M
NOI $142,451 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$2.77M
$2.43M – $3.23M
NOI $194,025 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Eleven-unit building in Berkeley's Gourmet Ghetto with apartments and commercial spaces.
Where is this mixed-use property located?
The property is located at 1444 Walnut St Berkeley, CA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Prime location in Berkeley's Gourmet Ghetto with a Walkscore of 96, near dining, transportation, and shopping.; Rare 11‑unit trophy asset building with a mix of 9 apartments and 2 commercial spaces.; Close proximity (3 blocks) to the University of California, Berkeley.
