Berkeley Mixed-Use Trophy
For Sale
$4,700,000
1444 Walnut St, Berkeley, CA 94709
Eleven-unit building in Berkeley's Gourmet Ghetto with apartments and commercial spaces.
Property Size7,167 SF
Price / SF$655.78
Days on Market338
Property Features for 1444 Walnut St
General Information
Standard status
Active
Size
7,167 SF
Property subtype
5 or More Units
Building Details
Building Size
7,167 SF
Year Built
1965
Listing Agency:
KW Advisors East Bay
Listed By:
Justin Paek,
(510) 775-1079
Source:
Remaxaccord
Added: Nov 17, 2025
Changed: Oct 16
Last Checked: Oct 19 at 2:30PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,451
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,849,020
$2.8M
Cap Rate 7%
$2,035,014
$2.0M
Cap Rate 9%
$1,582,789
$1.6M
Market Conditions
NOI Build-Up for 7,167 SF
Gross rent
$272.6K $38.04/SF
− Vacancy
−$13.6K −$1.90/SF
EGI
$259.0K $36.14/SF
− OpEx
−$116.6K −$16.26/SF
NOI
$142.5K $19.88/SF
Area
Berkeley, CA
Vacancy
5.00%
Lease Rate
$38.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,849,020
Cap Rate 7%
$2,035,014
Cap Rate 9%
$1,582,789
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.78M – $2.37M
NOI $142,451 @ 7.0% cap · market cap 3.03%
Second Best
Mixed Use
$1.91M
$1.67M – $2.23M
NOI $133,521 @ 7.0% cap · market cap 2.84%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,145
Businesses Nearby
Explore this area
Business Placement
Demographics for 94709, CA
12,514
Population
6,139
Households
2
Avg Household Size
29
Median Age
80%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
17,877
Density / Sq Mi
$95,223
Median Household Income
$42,958
Median Earnings
$1,988
Median Rent
$1,240,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
