Multifamily
2231 Grant St
2231 Grant St, Berkeley, CA 94703
Listing Price: $5,200,000
Investment Overview
Property Description
2231 Grant Street is a meticulously maintained 22-unit multifamily community located in the heart of Berkeley, offering a versatile mix of studios, one-bedroom, and two-bedroom residences. This 16,733-square-foot asset represents a premier investment opportunity in one of Northern California's most resilient rental markets. While the property already delivers robust day-one cash flow with a 5.53% Cap Rate, it features a massive 25% loss-to-lease, providing a sophisticated investor with a clear roadmap to achieve an impressive 8.54% pro forma yield. With its functional layout, carport parking, and individually metered utilities, this asset perfectly balances immediate stability with significant long-term appreciation potential.
Location Information
Perfectly positioned in a "Walker’s Paradise," 2231 Grant Street boasts an exceptional 97 Bike Score and 87 Walk Score, placing the very best of Berkeley at a resident's doorstep. The property is situated just blocks from the world-renowned UC Berkeley campus and the Downtown Berkeley BART station, providing effortless transit access to Oakland and San Francisco. Residents enjoy a vibrant neighborhood atmosphere filled with diverse dining, eclectic shopping, and lush parks, all while being minutes away from the region's top intellectual and economic hubs. This central location ensures a constant stream of high-quality demand from students, faculty, and tech professionals, making it an unrivaled destination for long-term investment in the East Bay.
2231 Grant St
Investment Highlights
- The 22-unit building features a diverse mix of Studios, 1BD/1BA, and 2BD apartments, including a rare 2BD/1.5BA floor plan.
- New ownership will benefit from a stabilized expense ratio of approximately 41% of EGI, supported by a robust pro forma Net Operating Income of $455,138.
- With its functional layout, carport parking, and individually metered utilities, this asset perfectly balances immediate stability with significant long-term appreciation potential.
Exclusively Listed By
Investment Highlights
- The 22-unit building features a diverse mix of Studios, 1BD/1BA, and 2BD apartments, including a rare 2BD/1.5BA floor plan.
- New ownership will benefit from a stabilized expense ratio of approximately 41% of EGI, supported by a robust pro forma Net Operating Income of $455,138.
- With its functional layout, carport parking, and individually metered utilities, this asset perfectly balances immediate stability with significant long-term appreciation potential.
Investment Overview
Property Description 2231 Grant Street is a meticulously maintained 22-unit multifamily community located in the heart of Berkeley, offering a versatile mix of studios, one-bedroom, and two-bedroom residences. This 16,733-square-foot asset represents a premier investment opportunity in one of Northern California's most resilient rental markets. While the property already delivers robust day-one cash flow with a 5.53% Cap Rate, it features a massive 25% loss-to-lease, providing a sophisticated investor with a clear roadmap to achieve an impressive 8.54% pro forma yield. With its functional layout, carport parking, and individually metered utilities, this asset perfectly balances immediate stability with significant long-term appreciation potential. Location Information Perfectly positioned in a "Walker’s Paradise," 2231 Grant Street boasts an exceptional 97 Bike Score and 87 Walk Score, placing the very best of Berkeley at a resident's doorstep. The property is situated just blocks from the world-renowned UC Berkeley campus and the Downtown Berkeley BART station, providing effortless transit access to Oakland and San Francisco. Residents enjoy a vibrant neighborhood atmosphere filled with diverse dining, eclectic shopping, and lush parks, all while being minutes away from the region's top intellectual and economic hubs. This central location ensures a constant stream of high-quality demand from students, faculty, and tech professionals, making it an unrivaled destination for long-term investment in the East Bay.
Exclusively Listed By
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