Berkeley Multifamily Property with Bay
22 Domingo Ave Berkeley, CA 94705
For Sale
$5,750,000
Berkeley multifamily property in Claremont neighborhood with panoramic views.
Property Size14,259 SF
Price / SF$403.25
Days on Market112
Property Features for 22 Domingo Ave
General Information
- Standard status
- Active
- Size
- 14,259 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
NAI NORTHERN CALIFORNIA
(510) 336-4712
Listed By:
SAMUEL HAYES · License #01842440
Source:
Corcoran
Added: Apr 4
Changed: Jul 10
Last Checked: Jul 23 at 7:16AM
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
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 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 | $542.4k | $38.04 |
| − Vacancy | −$27.1k | −$1.90 |
| EGI | $515.3k | $36.14 |
| − OpEx | −$231.9k | −$16.26 |
| NOI | $283.4k | $19.88 |
14,259 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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.
