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Listed by Jatin Mehta • Kite Hill Real Estate
$ 1,650,000
Est. payment | /mo
2,911 SqFt
$ 1,650,000
Est. payment | /mo
2,911 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,911 sqft
Price per Sqft $566
Subdivision Central Berkeley
MLS Listing ID 41144559
HOA Y/N No
Year Built 1962
Lot Size 5,070 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre Kite Hill Real Estate presents 2427 McKinley Ave, a well-maintained 6-unit mid-century apartment building located in one of Berkeley's most desirable rental markets. Situated just 6–7 blocks from UC Berkeley and only a few blocks from Downtown Berkeley BART, the property offers exceptional access to campus, public transit, restaurants, cafés, grocery stores, and the vibrant Downtown Berkeley commercial district. The property features an attractive unit mix of (4) 1-bedroom/1-bath units and (2) studio units, appealing to Berkeley's consistently strong demand from students, faculty, and young professionals. The property is 100% occupied and generates over $140,000 in annual gross income, providing stable in-place cash flow. Additional amenities include 1:1 covered garage parking, on-site coin-operated laundry, and 4 of the 6 units have been renovated, enhancing tenant appeal while reducing future capital needs. Ownership has completed several major improvements, including the mandatory soft-story seismic retrofit and sewer lateral compliance, allowing investors to acquire a well-maintained asset with significant infrastructure work already completed. Built in 1962, 2427 McKinley Avenue offers a rare combination of a premier Berkeley location, strong current income, and long-term investment potential.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling None
Flooring Wood
Fireplace No
Laundry Coin Operated
Building
Lot Description Rectangular Lot, Paved
Water Public
Others
Special Listing Condition Standard
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