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Brenden Lusk

brenden.lusk@joinreal.com +1(559) 203-3056

$ 4,999,000

Est. payment -/mo

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1360 Berkeley WAY Berkeley, CA 94702

25 Beds

15 Baths

11,001 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Tenancy in Common

Listing Status Active

Purchase Type For Sale

Square Footage 11,001 sqft

Price per Sqft $454

MLS Listing ID 226048551

Bedrooms 25

Full Baths 15

HOA Y/N No

Year Built 1929

Lot Size 5150.000 Acres

Acres 5150.0

Property Sub-Type Tenancy in Common

Source MLS Metrolist

Property Description

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.

Location

State CA

County Alameda

Area Berkeley Map Area 4

Direction University to Sacramento st to Berkeley way

Rooms

Guest Accommodations No

Living Room Other

Dining Room Other

Kitchen Kitchen/Family Combo, Tile Counter

Interior

Heating See Remarks

Cooling See Remarks

Flooring See Remarks

Appliance Hood Over Range, Microwave

Laundry None

Exterior

Exterior Feature Balcony

Parking Features No Garage

Utilities Available Electric, Sewer In & Connected, Other

View City Lights, Downtown, Water

Roof Type Composition,See Remarks

Private Pool No

Building

Lot Description Other

Story 3

Foundation Combination, Other

Sewer Public Sewer

Water Water District, See Remarks

Architectural Style Vintage

Level or Stories ThreeOrMore

Schools

Elementary Schools Berkeley Unified

Middle Schools Berkeley Unified

High Schools Berkeley Unified

School District Alameda

Others

Senior Community No

Tax ID 57-2073-17

Special Listing Condition None

Listed by Exp Commercial of California, Inc.

NEARBY SCHOOL & BUSINESS

Brenden Lusk

Agent | License ID: 02213914

+1(559) 203-3056

Brenden Lusk

1360 Berkeley WAY Berkeley, CA 94702

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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1360 Berkeley WAY