1360 Berkeley Way

Investment Overview

The Mitchell Warren Team is pleased to present 1360 Berkeley Way, a nineteen (19)-unit multifamily property in one of Berkeley's most sought-after neighborhoods. Built in 1929, the building features an attractive unit mix of eleven (11) 1-bedroom/1-bath units, seven (7) studio units, and one (1) 1-bedroom/1-bath penthouse unit, offering broad tenant appeal and stable in-place income. The property has been well maintained and benefits from significant capital improvements, including a new roof, updated electrical systems, renovated units, dual-pane windows, a new boiler, water heater, and fresh exterior paint, reducing near-term capital expenditure needs for a new owner. With its desirable unit mix, strong in-place cash flow, and exceptional Berkeley location, 1360 Berkeley Way presents a compelling investment opportunity for investors seeking long-term stability and appreciation in one of the East Bay's premier rental markets.

Investment Highlights

• 19-unit multifamily property ideally located in the heart of Central Berkeley
• Desirable unit mix consisting of twelve (12) 1-bedroom/1-bath units, including a penthouse unit, and seven (7) studios
• Extensive capital improvements including a new roof, updated electrical, dual-pane windows, new boiler, water heater, renovated units, and fresh exterior paint
• Strong in-place cash flow with an attractive unit mix and long-term rental upside in a high-demand Berkeley market
• Exceptional walkable location just blocks from North Berkeley BART and near Downtown Berkeley, UC Berkeley, the Gourmet Ghetto, and Ohlone Park
• Convenient access to University Avenue and I-80, providing easy connectivity to major East Bay employment centers and San Francisco