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Berkeley Multifamily Investment Opportunity

2172 Blake St, Berkeley, CA 94704

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Pending

$2,700,000

MULTI_FAMILY - Berkeley, CA

Property size:

6,902 SF

Lot size:

0.16 Acres

HighLights

10‑unit brick and stucco building with a unit mix of (2) 1BD and (8) 2BD
6,902 sq ft building built in 1963
Seismically retrofitted and reported to be no longer on Berkeley's soft story list
Gated entry, 10 parking spaces, and 11 storage closets
Onsite laundry and public sewer service
Current 2BD rents average $2,300–$2,500 per month; about 4 blocks from UC Berkeley and half a block off Shattuck Ave

We can help!

Listing Contact

Joey Wang

Pending

$2,700,000

MULTI_FAMILY - Berkeley, CA

Property size:

6,902 SF

Lot size:

0.16 Acres

Added:: Apr 14, 2026
Days on Market:: 58
Last Refresh:: Jun 10 at 1:06 am

Property Features for 2172 Blake St

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Garage, Parking Lot, Assigned, Open, Covered
Security features: Security
Interior features: Storage
Appliances: Refrigerator, Dryer, Washer, Gas Water Heater, Solar Hot Water
Standard status: Pending
APN: 55182423
Size: 6,902 SF
Lot size: 0.16 Acres

Utilities

Sewer type: Public Sewer
Heating system: Wall Furnace

Building Details

Year built: 1963
Flooring type: Vinyl, Carpet, Tile
Building materials: Brick, Stucco
Additional Structures: Storage

We can help!

Listing Contact

Joey Wang

Listing agent Joey Wang

Listing office Keller Williams Realty 201 N Civic Drive, Suite 130, Walnut Creek, CA

Listing date Apr 14, 2026

MLS# 41130815

HighLights

10‑unit brick and stucco building with a unit mix of (2) 1BD and (8) 2BD
6,902 sq ft building built in 1963
Seismically retrofitted and reported to be no longer on Berkeley's soft story list
Gated entry, 10 parking spaces, and 11 storage closets
Onsite laundry and public sewer service
Current 2BD rents average $2,300–$2,500 per month; about 4 blocks from UC Berkeley and half a block off Shattuck Ave

Overview

Located four blocks from UC Berkeley and half a block from Shattuck Ave, this 10-unit multifamily property at 2172 Blake St, Berkeley, CA 94704, is situated in a reliable rental location. The building comprises 6,902 square feet and features a unit mix of two 1-bedroom units and eight 2-bedroom units. The property has been seismically retrofitted and is no longer on Berkeley's soft story list. It includes gated entry, 10 parking spaces, 11 storage closets, and onsite laundry. Several units feature oversized living rooms that may be reconfigured into additional bedrooms. Current 2-bedroom rents average $2,300-$2,500 per month, with potential to grow toward ~$3,000+ market levels. The property is positioned as a stabilized asset with upside in both income and long-term value. The lot size is 0.155 acres.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$262.6k	$38.04
− Vacancy	−$13.1k	−$1.90
EGI	$249.4k	$36.14
− OpEx	−$112.2k	−$16.26
NOI	$137.2k	$19.88

6,902 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.96M

$1.71M – $2.29M (±1% cap)

NOI $137,183 @ 7.0% cap · market cap 5.08%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$2.67M

$2.34M – $3.11M (±1% cap)

NOI $186,851 @ 7.0% cap · market cap 6.92%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Innovative Design Advertising Agency

Suggested Use

Location Insight

Map
Local Demand

City: Berkeley
County: Alameda
State: California
Longitude: -122.265373
Latitude: 37.863043

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For sale
Apartment buildings
CA
Berkeley
94704
2172 Blake St

What type of property is this?

Apartment building - 10-unit building near UC Berkeley with income upside.

Where is this apartment building located?

The property is located at 2172 Blake St Berkeley, CA.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: 10‑unit brick and stucco building with a unit mix of (2) 1BD and (8) 2BD; 6,902 sq ft building built in 1963; Seismically retrofitted and reported to be no longer on Berkeley's soft story list

2172 Blake St, Berkeley, CA 94704

MULTI_FAMILY - Berkeley, CA

Property Features for 2172 Blake St

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Seven-Unit Apartment Building

Historic Multifamily Estate

Berkeley Multifamily Investment Opportunity

Updated Victorian Fourplex in Berkeley

Mixed-Use Asset Near Ashby BART

Berkeley Triplex with Spanish Revival

Mixed-Use Apartment and Retail Building

Berkeley Office Building with Parking

Berkeley Mid-Century Modern Triplex

Berkeley Fourplex Near U.C. Berkeley

Berkeley Golden Duplex - Rebuilt

Berkeley Fourplex Near UC Campus

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