1535 JULIA ST, Berkeley, CA 94703
Five leased units with updated interiors and separately metered utilities support efficient day-to-day operations.
- Added:
- May 29, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 6 at 5:09 am
Property Features for 1535 JULIA ST
General Information
- Standard status
- Active
- Size
- 3,499 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1919
Listing agent Jatin Mehta License #02045713
Listing office Kite Hill Real Estate (415) 795-2797
Listing date May 29, 2026
Source Crexi
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
HighLights
- 5‑unit multifamily property built in 1919, 100% occupied with cash flow on day one
- Unit mix includes (3) 1BD/1BA, (1) 2BD/1BA, and (1) 3BD/2BA
- Updated interiors with modern finishes, designed to command premium rents on turnover
- Separately metered utilities with individual gas, electric, and water meters for each unit
- Off‑street parking included for tenants
- Minutes from Ashby BART Station with direct access to Oakland and San Francisco
Overview
Located at 1535 Julia St in Berkeley, the property is positioned for easy commuting and everyday convenience. Public remarks note it is minutes from Ashby BART Station, with direct access to Oakland and San Francisco. The area is described as walkable and bike-friendly, with nearby retail, dining, and day-to-day amenities.
For tenants and owners, the configuration supports both stability and operational clarity. The diverse mix of unit types helps broaden tenant appeal, while separately metered utilities shift utility costs to tenants and reduce owner administration. Off-street parking is an added utility in an urban setting, and the current leased status provides immediate occupancy for buyers seeking an income-producing property.
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 | $133.1k | $38.04 |
| − Vacancy | −$6.7k | −$1.90 |
| EGI | $126.4k | $36.14 |
| − OpEx | −$56.9k | −$16.26 |
| NOI | $69.5k | $19.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.2777608
- Latitude
- 37.8546054
