Multifamily Property in
1535 Julia St, Berkeley, CA 94703
For Sale
$1,198,000
Five-unit multifamily property in a coveted Berkeley location.
Property Size3,499 SF
Price / SF$342.38
Days on Market253
Property Features for 1535 Julia St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Gas Heating
Laundry Facility - Coin-Op
Regular
Tandem
Wood Flooring
Building Details
Year Built
Listing Agency:
KITE HILL REAL ESTATE
(855) 450-0442
Listed By:
JATIN MEHTA · License #02045713
(510) 878-6800
Source:
Corcoran
Added: Mar 2
Changed: Aug 8
Last Checked: Apr 5 at 8:33PM
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 KITE HILL REAL ESTATE
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Investment Insights
Based on property information with market context.
The property at 1535 Julia Street is a fully occupied, five-unit multifamily building located in a desirable East Bay rental market. The unit mix includes three one-bedroom units, one two-bedroom unit, and one three-bedroom/two-bath unit, providing diversified cash flow. The property features updated interiors and modern finishes. There is potential for rental upside of approximately 30–40% as units turn. The location is near the Ashby BART Station, providing access to Oakland and San Francisco. The surrounding neighborhood offers walkability, bike infrastructure, and proximity to Berkeley's retail and dining scene. Gas, electric, and water utilities are separately metered.
Key Highlights
- 100% Occupied Five‑Unit Multifamily Property
- Exceptional Unit Mix: featuring (3) 1‑Bed, (1) 2‑Bed, (1) 3‑Bed/2‑Bath
- Estimated 30–40% Rental Upside Potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,546
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,390,920
$1.4M
Cap Rate 7%
$993,514
$993.5K
Cap Rate 9%
$772,733
$772.7K
Market Conditions
NOI Build-Up for 3,499 SF
Gross rent
$133.1K $38.04/SF
− Vacancy
−$6.7K −$1.90/SF
EGI
$126.4K $36.14/SF
− OpEx
−$56.9K −$16.26/SF
NOI
$69.5K $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%
$1,390,920
Cap Rate 7%
$993,514
Cap Rate 9%
$772,733
Alternative Uses
Best Use
Apartment 5plus
$993.5K
$869.3K – $1.16M
NOI $69,546 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,725 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,955
Businesses Nearby
Explore this area
Business Placement
Demographics for 94703, CA
20,805
Population
9,654
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
16,004
Density / Sq Mi
$108,922
Median Household Income
$66,261
Median Earnings
$2,257
Median Rent
$1,273,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Berkeley, CA
Properties on Market for Apartment buildings in Berkeley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property in a coveted Berkeley location.
Where is this apartment building located?
The property is located at 1535 Julia St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: 100% Occupied Five‑Unit Multifamily Property; Exceptional Unit Mix: featuring (3) 1‑Bed, (1) 2‑Bed, (1) 3‑Bed/2‑Bath; Estimated 30–40% Rental Upside Potential
