For Sale

New

1360 Berkeley Way, Berkeley, CA 94702

1360 Berkeley Way, Berkeley, Alameda, CA, 94702
9 hours ago
Views: 9

$4,999,000(Negotiable)

Overview

3497830

Type

Tenancy in Common

Parking

Beds

Baths

Sqft

11001

Build Year

1929

Purpose

For Sale

About This Listing

eXp Commercial is pleased to present an exceptional opportunity to acquire a well-maintained, stabilized multifamily asset in one of North Berkeley’s most desirable neighborhoods. Located just blocks from the North Berkeley BART station, 1360 Berkeley Way offers outstanding walkability and convenient access to UC Berkeley, retail corridors, dining, parks, and cultural amenitiesappealing to a diverse tenant base of professionals, students, and long-term residents. Originally constructed in the 1920s, the property retains its classic architectural charm while benefiting from significant recent capital improvements. Upgrades include a new roof, electrical system enhancements, renovated unit interiors, dual-pane windows, a new boiler and water heater, and fresh exterior paint. These improvements enhance operational efficiency and reduce near-term maintenance exposure. The property features a well-balanced unit mix of 11 one-bedroom units, 7 studios, and 1 two-bedroom penthouse, designed to accommodate a broad and stable renter demographic. The asset is currently generating approximately $45,000 in monthly rental income with historically consistent occupancy, reflecting strong demand in this highly constrained Berkeley rental market. Situated on a quiet residential street with close proximity to major transit and neighborhood amenities, the property offers an ideal blend of convenience and community appeal. Investors will benefit from both the stability of in-place income and the opportunity to further increase returns through strategic interior upgrades and operational efficiencies. Positioned in a high-demand submarket characterized by limited housing supply and sustained rental growth, 1360 Berkeley Way represents a compelling investment opportunity with strong fundamentals, long-term upside, and enduring appeal in the East Bay.

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MetroList CA data Last Updated: April 19, 2026, 7:08 am

Data Source: SACM