Berkeley Multifamily Investment
For Sale
$1,099,000
2701 Grant Street, Berkeley, CA 94703
Six-unit building in South Central Berkeley near shops and restaurants.
Property Size2,534 SF
Price / SF$433.70
Days on Market323
Property Features for 2701 Grant Street
General Information
Standard status
Active
Size
2,534 SF
Property subtype
Multi Family
Building Details
Year Built
1905
Listing Agency:
BHG RE Reliance Partners
(510) 868-1400
Listed By:
June McDaniels · License #01307858
(510) 866-9668
Source:
Exitrealty
Added: Nov 28, 2025
Changed: Oct 7
Last Checked: Oct 12 at 5:16PM
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 BHG RE Reliance Partners
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Investment Insights
Based on property information with market context.
This property features a six-unit building consisting of five one-bedroom units and one studio unit. It is located in the South Central Berkeley area, offering convenient access to shopping and local eateries. The property's location may be subject to rent control regulations.
Key Highlights
- Six‑unit building offers investment potential.
- Five 1‑bedroom units and one studio unit provide diverse rental options.
- Located in desirable South Central Berkeley.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,366
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,320
$1.0M
Cap Rate 7%
$719,514
$719.5K
Cap Rate 9%
$559,622
$559.6K
Market Conditions
NOI Build-Up for 2,534 SF
Gross rent
$96.4K $38.04/SF
− Vacancy
−$4.8K −$1.90/SF
EGI
$91.6K $36.14/SF
− OpEx
−$41.2K −$16.26/SF
NOI
$50.4K $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%
$1,007,320
Cap Rate 7%
$719,514
Cap Rate 9%
$559,622
Alternative Uses
Best Use
Apartment 5plus
$719.5K
$629.6K – $839.4K
NOI $50,366 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$980.0K
$857.5K – $1.14M
NOI $68,600 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,145
Businesses Nearby
Explore this area
Business Placement
Demographics for 94703, CA
20,805
Population
9,654
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
16,004
Density / Sq Mi
$108,922
Median Household Income
$66,261
Median Earnings
$2,257
Median Rent
$1,273,000
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 - Six-unit building in South Central Berkeley near shops and restaurants.
Where is this apartment building located?
The property is located at 2701 Grant Street Berkeley, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Six‑unit building offers investment potential.; Five 1‑bedroom units and one studio unit provide diverse rental options.; Located in desirable South Central Berkeley.
