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2336-2338 Blake St

12 Unit Block of Flats £2,528,032 (£210,669/Unit) 5.23% Net Initial Yield Berkeley, CA 94704

Investment Highlights

  • Walk to UCB Campus

Executive Summary

Price Improvement $3,200,000.
Introducing a unique opportunity to own a 12-unit apartment complex, each featuring 1 bedroom and 1 bath, plus an unfinished top unit suite with 2 bedrooms and 1 bath. Located just steps from UC Berkeley and only two blocks from the lively Telegraph Avenue, this property is perfectly positioned to attract tenants seeking convenience and a vibrant community. The complex offers excellent walkability, with easy access to campus, diverse dining options, unique shops, and cultural attractions. This property is ideal for investors looking to expand their portfolio in a highly desirable area.
Don’t miss this chance to secure a rare property in the heart of South Berkeley. Buyers/ Investors are encouraged to verify the total square footage and lot size through public records for accuracy. All available reports on the property, including inspections, assessments, and permits, have been completed and are ready for review upon request. This is a unique investment opportunity with expansion potential—schedule a showing to explore all possibilities.
A ProForma Cap Rate was used for valuation purposes. The property includes 8 occupied units and 4 vacant units. Buyers are encouraged to verify the total square footage and lot size through public records for accuracy. Tenants will be notified 24 hours in advance of any viewing requests. Please contact agent for showings. (925) 263-605

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,528,032
Price Per Unit £210,669
Sale Type Investment
Net Initial Yield 5.23%
Gross Rent Multiplier 10.06
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 7,752 SF
Average Occupancy 67%
Number of Floors 3
Year Built 1948
Parking Ratio 1.03/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 12 £1,501 530
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
055-1832-007-02
Land Assessment
£605,698 (2024)
Improvements Assessment
£1,058,850 (2024)
Total Assessment
£1,664,549 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025

zoning

Zoning Code R-50, Berkeley
R-50, Berkeley
  • Listing ID: 33719023

  • Date on Market: 01/11/2024

  • Last Updated:

  • Address: 2336-2338 Blake St, Berkeley, CA 94704

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