Perfectly positioned just blocks from the University of California, Berkeley and the vibrant dining, shopping, and entertainment along Downtown Berkeley and Shattuck Avenue, 2231 Grant Street offers investors the opportunity to acquire a premier Berkeley apartment asset in one of the East Bay's most sought-after rental markets. The 22-unit community features an attractive mix of studio, one-bedroom, and two-bedroom floor plans within a well-maintained, elevator-served building with individually metered gas and electricity and 10 off-street parking spaces. Priced at just $219,000 per unit with a 6.39% in-place CAP rate and significant upside, 2231 Grant Street represents one of the most compelling multifamily investment opportunities currently available in Berkeley.
| MLS # | ML82053677 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1967 |
| Days On Site | 204 |
| Listing Provided By | Marcus & Millichap | Eymon Binesh |
| SQ Feet | 15,069 |
|---|---|
| Car Port | Yes |
| Units | 22 |
| Building(s) | 1 |
| Zoning | RM |
| Acreage | 0.30 |
| Cooling | None |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Property | 87972 |
|---|
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94703 |
| Area | 699 Not Defined |
| Listing VS Median (in 94703) | |
Price: $4,828,000 low | high Med: $4,488,000 sqft: 15,069 low | high Med: 12,288 $ / sqft: $320 low | high Med: $365 On site: 204 low | high Med: 13 | |
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94703 |
| Area | 699 Not Defined |
| Listing VS Median (in 94703) | |
Price: $4,828,000 low | high Med: $4,488,000 sqft: 15,069 low | high Med: 12,288 $ / sqft: $320 low | high Med: $365 On site: 204 low | high Med: 13 | |