Investment Overview

1322 Shattuck Ave is a stunning 19-unit pride of ownership apartment community located in the thriving city of Berkeley, California. Situated on two contiguous parcels totalling approximately 13,375 square feet, the subject property was originally constructed in 1964 and has a gross building area of approximately 19,863 square feet, offering its tenants beautifully designed three- bedroom, two-bedroom, one-bedroom, and studio floor plans. 1322 Shattuck Ave has recently undergone extensive capital improvements including hardwood flooring, updated kitchens, granite countertops, modern cabinetry with high-end finishes and fixtures, as well as updated bathrooms. In addition, the subject property has recently undergone a complete earthquake retrofit as well as fully renovated exteriors. The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley, home to a myriad of shopping, dining, and entertainment options. UC Berkeley prides itself on being the number one public university in the nation and the fourth best globally. Additionally, 1322 Shattuck Ave boast a thriving community center and park with multiple tennis and basketball courts located just across the street. Berkeley is a major transportation hub with several Bay Area rapid transit system (BART) stops and is intersected by several interstate freeways. Residents in Berkeley have convenient commuting options to San Francisco and the greater Bay Area providing close proximity to many of the nation's top tech employers including Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others. The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1322 Shattuck Ave presents an attractive choice for renters due to close proximity to major employers, transportation corridors, and proximity to nearby lifestyle amenities.