Annette Mullen, DRE#00935034, REALTOR®
(805) 440-6620
MLS#ML82033849
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Marcus & Millichap
Agency Phone: (650) 391-1700
Associate Name: Eymon Binesh
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Annette Mullen, DRE#00935034, REALTOR®
Property Description
Marcus & Millichap is pleased to present 2231 Grant Street, a well-located 22-unit apartment community in Berkeley featuring a strong mix of spacious two-bedroom, one-bedroom, and studio floor plans. Situated in a highly desirable rental market with consistent demand, the property benefits from strong fundamentals, proximity to major employers and transit, and easy access to downtown Berkeley, UC Berkeley, and neighborhood retail. The property offers a 5.7% in-place cap-rate with upside to an estimated 9% return, combined with an exceptionally low price per unit, presenting a rare value-add opportunity in one of the Bay Area's most supply-constrained rental markets.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Electric
Lot Size: 0.30 Acres
Taxes: $65,657
Year Built: 1967
Feature Descriptions
Days on Site: 28
Parcel#: 057201401901
Water: Public
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap
Agency Phone: (650) 391-1700
Agent Name: Eymon Binesh
Shown By
Agent Name: Annette Mullen, DRE#00935034, REALTOR®
Agent Phone: (805) 440-6620
Agency Title: Farrell Smyth, Inc.
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2231 Grant Street | MLS# ML82033849
This commercial property located at 2231 Grant Street, Berkeley, CA 94703 is currently listed for sale with an asking price of $5,200,000. Grant Street is located within the Other school district. Search Berkeley real estate on annettemullen.farrellsmyth.com today.