2231 Grant St Berkeley, CA 94703
22-unit apartment community in Berkeley with value-add potential.
Property size:
16,733 SFProperty Features for 2231 Grant St
General Information
- Standard status
- Active
- Size
- 16,733 SF
Building Details
- Year built
- 1967
Source:
Corcoran
Listing Agency: MARCUS & MILLICHAP Listing Agent: Eymon Binesh
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Berkeley Apartment Community Value-Add Opportunity
The property at 2231 Grant Street is a 22-unit apartment community located in Berkeley. The unit mix includes spacious two-bedroom, one-bedroom, and studio floor plans. Situated in a rental market with consistent demand, the property benefits from proximity to major employers and transit, and easy access to downtown Berkeley, UC Berkeley, and neighborhood retail. The property offers a 5.50% in-place cap-rate with upside to an estimated 9% return, combined with an exceptionally low price per unit, presenting a value-add opportunity in one of the Bay Area's rental markets. The property size is 16733 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.2744951
- Latitude
- 37.8673591
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 22-unit apartment community in Berkeley with value-add potential.
Where is this apartment building located?
The property is located at 2231 Grant St Berkeley, CA.
What is the asking price?
The asking price for this property is $5,328,000.
What are key features of this property?
This property features: - High In-Place Cap Rate: Offers a strong 5.50% in-place cap rate with potential upside to 9% return.; - Value-Add Opportunity: Presents a rare value-add opportunity in a supply-constrained market.; - Strong Rental Market: Located in a highly desirable rental market with consistent demand.
