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JLee Broker

[email protected] +1(650) 857-1000

Listed by Jatin Mehta, DRE #02045713 • Kite Hill Real Estate

$1,650,000

Est. payment - /mo

1 Bed

2 Baths

2,911 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,911 sqft

Price per Sqft $566

MLS Listing ID EB41144559

Bedrooms 1

Year Built 1962

Lot Size 5,070 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

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 combinatio

Location

State CA

County Alameda

Area Berkeley Map Area 7

Interior

Heating Gas

Cooling None

Flooring Wood

Laundry Laundry Facility - Coin-Op

Exterior

Exterior Feature Stucco

Parking Features Tandem Parking

Garage Spaces 6.0

Building

Lot Description Regular

Others

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2427 McKinley Ave Berkeley, CA 94703

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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