Mixed-Use Apartment
New
For Sale
$27,825,000
2441 Haste Street, Berkeley, CA 94704
A residential community with ground-floor commercial space sits steps from the University of California, Berkeley campus.
Property Size43,336 SF
Lot Size0.26 Acres
Price / SF$642.08
Days on Market7
Property Features for 2441 Haste Street
General Information
Standard status
Active
Size
43,336 SF
Lot size
0.26 Acres
Property subtype
Mixed Use
Units
Unit Mix
1 x Studio, 8 x 1BR/1BA, 33 x 2BR/1BA
Multifamily Units
42
Amenities
on-site laundry facility
controlled access
community lounge
bike storage
Building Details
Year Built
2016
Buildings
1
Listing Agency:
Colliers International
Listed By:
Matthew Flaherty
(415) 288-7811
Source:
Vanguardproperties
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 11 at 11:14AM
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 Colliers International
Investment Insights
Based on property information with market context.
Built in 2016 on a 0.26-acre parcel, this mixed-use property contains 43,336 gross square feet. The building has 42 residential units and one ground-floor commercial space measuring 7,061 SF. The apartment mix includes one studio, eight 1-bedroom/1-bathroom units, and 33 2-bedroom/1-bathroom units. Select apartments are furnished. On-site amenities include laundry, controlled access, a community lounge, and bike storage.
The commercial space is leased to Mezzo / Raleigh's Pub through 2040. The property is steps from the University of California, Berkeley campus in Berkeley, California.
The commercial space is leased to Mezzo / Raleigh's Pub through 2040. The property is steps from the University of California, Berkeley campus in Berkeley, California.
Key Highlights
- 42 residential units alongside one ground‑floor commercial space
- 43,336 gross square feet on a 0.26‑acre parcel; built in 2016
- Apartment mix: 1 studio, 8 1‑bedroom/1‑bathroom units, and 33 2‑bedroom/1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,173,192
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,463,840
$23.5M
Cap Rate 7%
$16,759,886
$16.8M
Cap Rate 9%
$13,035,467
$13.0M
Market Conditions
NOI Build-Up for 43,336 SF
Gross rent
$1.66M $38.40/SF
− Vacancy
−$99.8K −$2.30/SF
EGI
$1.56M $36.10/SF
− OpEx
−$391.1K −$9.02/SF
NOI
$1.17M $27.07/SF
Area
Berkeley, CA
Vacancy
6.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,463,840
Cap Rate 7%
$16,759,886
Cap Rate 9%
$13,035,467
Alternative Uses
Best Use
Specialty Retail
$16.76M
$14.66M – $19.55M
NOI $1,173,192 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$12.30M
$10.77M – $14.36M
NOI $861,342 @ 7.0% cap · market cap 3.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
42
Residential units
Location Intelligence
Trade Area within ½ mile
4,456
Businesses Nearby
Explore this area
Business Placement
Demographics for 94704, CA
25,259
Population
9,722
Households
2.6
Avg Household Size
26
Median Age
72%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
28,066
Density / Sq Mi
$52,105
Median Household Income
$17,509
Median Earnings
$1,987
Median Rent
$918,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A residential community with ground-floor commercial space sits steps from the University of California, Berkeley campus.
Where is this mixed-use property located?
The property is located at 2441 Haste Street Berkeley, CA.
What is the asking price?
The asking price for this property is $27,825,000.
What are key features of this property?
This property features: 42 residential units alongside one ground‑floor commercial space; 43,336 gross square feet on a 0.26‑acre parcel; built in 2016; Apartment mix: 1 studio, 8 1‑bedroom/1‑bathroom units, and 33 2‑bedroom/1‑bathroom units
