7-Units | North Berkeley

Investment Overview

2215 Cedar St is a North Berkeley multifamily property that offers a desirable mix of three spacious 2-bedroom units, three well-appointed 1-bedroom units, and one unique 2-bedroom, 1.5-bath unit—ideal for a variety of tenant needs. Fully leased and currently generating over $15,000 per month in rental income, the property presents a compelling investment opportunity with an estimated 30% upside in rental potential. The inclusion of 3 to 5 off-street parking spaces further enhances tenant appeal and convenience. The building has undergone extensive renovations that ensure long-term value and minimal maintenance requirements. Recent improvements include new siding, roof, plumbing, electrical systems, windows, decks, stairs, and energy-efficient tankless water heaters. An onsite coin-operated laundry facility adds an additional revenue stream while providing practical convenience for tenants. Situated in the heart of North Berkeley, the property boasts a prime location just minutes from UC Berkeley and within walking distance to a variety of local shops, restaurants, and public transit options. This highly walkable and desirable neighborhood ensures strong and consistent rental demand, making this a turnkey opportunity for investors seeking immediate income with long-term growth potential.

Investment Highlights

• Attractive Unit Mix: This well-balanced property features three spacious 2-bedroom units, three comfortable 1-bedroom units, and one unique 2-bedroom, 1.5-bath unit—ideal for a diverse tenant base.
• Extensively Renovated: Improvements including new siding, roof, plumbing, electrical systems, energy-efficient windows, decks, stairs, and tankless water heaters—offering long-term durability and reduced maintenance costs.
• Strong Income Performance: Fully leased and currently generating over $15,000 per month in rental income, with an estimated 30% upside in potential rents—an excellent opportunity for both cash flow and appreciation.
• Convenient Off-Street Parking: Provides 3 to 5 off-street parking spaces, a valuable amenity that enhances tenant satisfaction and supports strong occupancy.
• Onsite Laundry Facility: Coin-operated laundry on premises adds convenience for tenants and generates additional passive income.
• Prime North Berkeley Location: Situated in one of Berkeley’s most sought-after neighborhoods—just a short walk to UC Berkeley, local dining, shopping, and public transit—offering exceptional walkability and long-term rental demand.