1430 Josephine St | Image 1
New
Open House
1430 Josephine St | Image 2
1430 Josephine St | Image 3
1430 Josephine St | Image 4
1430 Josephine St | Image 5
1430 Josephine St | Image 6
1430 Josephine St | Image 7

$5,280,000

For Sale

A day ago

MLS® ML82037892

0 Bed

0 Bath

--

8 Parking

Open House
Fri Mar 13, 5:00-6:30 PM UTC
  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $65,065
Days Active 1
Approx. Age 1960
MLS® Number ML82037892

Property Address: 1430 Josephine St, Berkeley, CA, 94703-1155

Average square foot calculated using Size range provided by listing agent.

Description

Marcus & Millichap is pleased to present 1430 Josephine Street is a 19-unit multifamily investment opportunity in Berkeley offered at $5, 280, 000 ($277, 895 per unit). The 12, 288-square-foot property sits on an oversized 0.31-acre lot and features a desirable mix of fifteen (15) two-bedroom units and four (4) 1-bedroom units on one of Berkeley's best streets. The asset presents significant value-add potential, with current rents approximately 31% below market. The current rent roll of $41, 047 per month offers a clear path to increasing cash flow and value, with the cap rate projected to improve from 5.37% to 9.25% as rents are brought to market levels. The property has recently undergone a full electrical service upgrade and seismic retrofit in compliance with Berkeleys city ordinance, significantly reducing future capital expenditure for a new owner. Located near North Berkeley BART, UC Berkeley, and the Shattuck Avenue corridor, the property benefits from strong tenant demand and long-term rental fundamentals.
MLS® NumberML82037892
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 10, 2026List Date
$5,280,000List Price
  • Commute

Commute

Starting Address
Destination Address
1430 Josephine St, Berkeley, CA

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