Home | Alameda County | Berkeley | 94703 | 1430 Josephine St
MLS: ML82057793 | Status: | Price: $4,488,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 12,288 | 13,500 | 1960 |
1430 Josephine Street, a 19-unit, fully occupied multifamily investment opportunity located in one of Berkeley's most desirable rental submarkets. Built in 1960, the property spans 12,288 square feet on a 0.31-acre lot and offers a highly desirable unit mix of fifteen 2-bedroom and four 1-bedroom units, complemented by 12 carport parking spaces. Offered at $4,488,000 ($236,211 per unit / $365 per square foot), the asset is 95% leased and generating a stable 6.03% current cap rate, with in-place rents running approximately 23% below market creating substantial upside for a new owner through natural turnover and lease-up to market rates, projected to reach an 8.99% pro forma cap rate. Individually metered gas and electric help control owner expenses, while the property's infill North Berkeley location provides convenient access to UC Berkeley, major East Bay employers, BART, and I-80. With Berkeley's limited housing supply and consistently strong renter demand, 1430 Josephine Street offers investors a rare opportunity to acquire a stabilized, high-occupancy asset with significant embedded rental growth in a high-barrier-to-entry market.
| Field | Value |
|---|---|
| MLS # | ML82057793 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Gas |
| Feature | Details |
|---|---|
| Roof | Rolled/Hot Mop |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Carport, Garage: 0 Car(s) |
| Elementary District | Berkeley Unified |
| High School District | Berkeley Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R-2 |
Eymon Binesh
Marcus & Millichap
License #: 02060059
Phone: (650) 546-1030
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 18 | 19 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $1,284 | $2,681 | 15 |
| 2 | – | 1 | 1/0 | $1,813 | $2,145 | 4 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1444 Walnut St | $4,700,000 | – | – | 7,167 | |
| 1533 Harmon St | $4,795,000 | – | – | 10,220 | |
| 1610 Milvia St | $4,850,000 | – | – | 5,134 | |
| 2360 Ellsworth St | $4,350,000 | – | – | 7,891 |
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This listing information is up-to-date as of August 14, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030.