Skip to main content

Multifamily

2422 McKinley Ave

2422 McKinley Ave, Berkeley, CA 94703

Listing Price: $2,300,000

Cap Rate
3.65%
Occupancy
97.0%

Investment Overview

2422 McKinley Ave is a stunning 8-unit apartment community located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 6,760 square feet, the subject property was originally constructed in 1963 and has a gross livable area of 5,185 square feet offering its tenants beautifully designed one-bedroom and two-bedroom floor plans. Located within a short walk to downtown Berkeley, residents have access to all dining, entertainment, shopping, and outdoor activities that Berkeley has to offer. Downtown Berkeley BART station is within close proximity to the subject property, allowing access throughout the entire Bay Area and a quick commute to top employers. In addition, the subject property is located just 1 mile from the University of California, Berkeley – ranked the nation's number one public university and fourth globally. 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, 2422 McKinley Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Tremendous Investment Opportunity for an Investor to Acquire a Well-LocatedAsset in Berkeley, California
  • Extensive Seismic Retrofit Recently Completed
  • Desirable Unit Mix Consisting of One-Bedroom and Two-Bedroom Floor Plans
  • Walking Distance to Lively Downtown Berkeley (3 Blocks) – Home to Many High-End Shopping, Dining and Entertainment Options
  • Nearby Major Hospitals Including Alta Bates Summit Medical Center (3 Blocks)and Sutter Urgent Care (3 Blocks)

Exclusively Listed By

Multifamily

2422 McKinley Ave

Listing Price: $2,300,000

Cap Rate
3.65%
Occupancy
97.0%

Investment Highlights

  • Tremendous Investment Opportunity for an Investor to Acquire a Well-LocatedAsset in Berkeley, California
  • Extensive Seismic Retrofit Recently Completed
  • Desirable Unit Mix Consisting of One-Bedroom and Two-Bedroom Floor Plans
  • Walking Distance to Lively Downtown Berkeley (3 Blocks) – Home to Many High-End Shopping, Dining and Entertainment Options
  • Nearby Major Hospitals Including Alta Bates Summit Medical Center (3 Blocks)and Sutter Urgent Care (3 Blocks)

Investment Overview

2422 McKinley Ave is a stunning 8-unit apartment community located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 6,760 square feet, the subject property was originally constructed in 1963 and has a gross livable area of 5,185 square feet offering its tenants beautifully designed one-bedroom and two-bedroom floor plans. Located within a short walk to downtown Berkeley, residents have access to all dining, entertainment, shopping, and outdoor activities that Berkeley has to offer. Downtown Berkeley BART station is within close proximity to the subject property, allowing access throughout the entire Bay Area and a quick commute to top employers. In addition, the subject property is located just 1 mile from the University of California, Berkeley – ranked the nation's number one public university and fourth globally. 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, 2422 McKinley Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower