Property Details
Upcoming Open Houses
About this Property
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 Listing Information
MLS #
ML82037892
MLS Source
MLSListings, Inc.
Days on Site
1
Interior Features
Appliances
Washer/Dryer
Cooling
None
Heating
Electric
Exterior Features
Roof
Rolled/Hot Mop
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Covered Parking, Garage: 0 Car(s)
Elementary District
Berkeley Unified
High School District
Berkeley Unified
Sewer
Public Sewer
Water
Public
Zoning
R-2
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 18 | 19 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 650 | 2 | 1/0 | $1,506 | $3,000 | 15 |
| 2 | 450 | 1 | 1/0 | $1,813 | $2,495 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1430 Josephine St is a Residential Income in Berkeley, CA 94703. This 12,288 square foot property sits on a 13,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,280,000 and was built in 1960. This address can also be written as 1430 Josephine St, Berkeley, CA 94703.
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This listing information is up-to-date as of March 11, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030
