Berkeley Multifamily Property with Bay
For Sale
$5,750,000
22 Domingo Ave, Berkeley, CA 94705
Berkeley multifamily property in Claremont neighborhood with panoramic views.
Property Size14,259 SF
Price / SF$403.25
Days on Market202
Property Features for 22 Domingo Ave
General Information
Standard status
Active
Size
14,259 SF
Property subtype
Multi Family
Building Details
Year Built
1920
Listing Agency:
NAI Northern California
(510) 336-4712
Listed By:
Samuel Hayes · License #01842440
(510) 759-6844
Source:
Exitrealty
Added: Apr 4
Changed: Oct 3
Last Checked: Oct 4 at 8:30AM
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 NAI Northern California
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Investment Insights
Based on property information with market context.
Located in Berkeley's Claremont neighborhood, this multifamily property at 22 Domingo Avenue offers an opportunity to acquire a residential asset. The 14,259 square foot building contains 15 units, including six two-bedroom apartments and nine one-bedroom apartments. It also features three basement storage units and a private roof deck providing 360-degree panoramic views of the bay, the hills, and the Claremont Hotel. The building is located one block from shops, cafes, the Berkeley Tennis Club, and the Claremont Hotel. Architectural features include a striking foyer, preserved period details, hardwood floors, and vintage Italian tile. Tasteful upgrades have been made throughout all units.
Key Highlights
- Prime location in Berkeley's desirable Claremont neighborhood, one block from shops and cafes.
- Multi‑family property with 15 units: (6) two‑bedroom and (9) one‑bedroom apartments.
- Enjoy the private roof deck with 360‑degree panoramic views of the bay, hills, and Claremont Hotel.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,410
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,668,200
$5.7M
Cap Rate 7%
$4,048,714
$4.0M
Cap Rate 9%
$3,149,000
$3.1M
Market Conditions
NOI Build-Up for 14,259 SF
Gross rent
$542.4K $38.04/SF
− Vacancy
−$27.1K −$1.90/SF
EGI
$515.3K $36.14/SF
− OpEx
−$231.9K −$16.26/SF
NOI
$283.4K $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%
$5,668,200
Cap Rate 7%
$4,048,714
Cap Rate 9%
$3,149,000
Alternative Uses
Best Use
Apartment 5plus
$4.05M
$3.54M – $4.72M
NOI $283,410 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.51M
$4.83M – $6.43M
NOI $386,020 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
Explore this area
Business Placement
Demographics for 94705, CA
13,591
Population
6,335
Households
2.1
Avg Household Size
42
Median Age
79%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
3,997
Density / Sq Mi
$163,254
Median Household Income
$75,864
Median Earnings
$2,330
Median Rent
$1,892,300
Median Home Value
Check the figures for this property
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?
Apartment building - Berkeley multifamily property in Claremont neighborhood with panoramic views.
Where is this apartment building located?
The property is located at 22 Domingo Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Prime location in Berkeley's desirable Claremont neighborhood, one block from shops and cafes.; Multi‑family property with 15 units: (6) two‑bedroom and (9) one‑bedroom apartments.; Enjoy the private roof deck with **360‑degree panoramic views** of the bay, hills, and Claremont Hotel.
