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Property profile

1988 Martin Luther King Jr Way Berkeley, CA 94704

OFF-MARKET
Apartment buildings
Property ID
US09-7251964
108,048 SF 1 ac lot Built 2010
Last sale Apr 2002 · $3,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$754k
Tax billed · 2023
Assessed value · 2024$44.29M
Assessed land$2.75M
Assessed improvement$41.54M
Effective rate1.70%

Value estimate

· Oct 2026
$24.27M
$21.84M – $26.70M
CAP approach$33.04M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$356/SF
ZIP average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$156 – $491
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALAMEDA

Location intelligence

Which uses thrive at this corner?
Best fit: Cosmetics Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Cosmetics Store10.7
Skin Care Clinic9.7
Watch Repair Shop9.4

Location

1988 Martin Luther King Jr Way Berkeley, CA 94704-1665
County assessor Recorded deeds · 10 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2121 Dwight, Berkeley, CA 94704-2095 $37,780,000 Sep 2025 81,410 SF
2124 Parker, Berkeley, CA 94704-2755 $10,400,000 Jan 2025 24,240 SF
2055 Ctr Stabcd, Berkeley, CA 94704-1269 $50,350,000 Dec 2024 166,731 SF
2201 Dwight, Berkeley, CA 94704-2395 $62,000,000 Oct 2024 65,839 SF
2024 Durant, Berkeley, CA 94704-1584 $46,250,000 Sep 2024 75,558 SF
2715 Dwight, Berkeley, CA 94704-3153 $9,200,000 Aug 2024 20,193 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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