2336-2338 Blake St
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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
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 | Apartment Style | Low Rise |
Price Per Unit | £210,669 | Building Class | C |
Sale Type | Investment | Lot Size | 0.15 AC |
Net Initial Yield | 5.23% | Building Size | 7,752 SF |
Gross Rent Multiplier | 10.06 | Average Occupancy | 67% |
No. Units | 12 | Number of Floors | 3 |
Property Type | Residential | Year Built | 1948 |
Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
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 |
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | 055-1832-007-02 | Total Assessment | £1,664,549 (2024) |
Land Assessment | £605,698 (2024) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £1,058,850 (2024) | Tax Year | 2025 |
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 |
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2336-2338 Blake St
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