Welcome to 1246 Berkeley Way, presenting an opportunity to acquire a 7-unit multifamily apartment building in the heart of Berkeley, just off University Ave. Built in 1966 and spanning approximately 5,975 sqft of living space on an 8,497 sqft lot, this parcel offers two separate buildings with an ideal unit mix of five 3-bed x 1-bath units and two studio units. Studio unit A will be delivered vacant. There is off-street parking for 7 vehicles. Projected gross monthly rent is $14,662, or $175,944. Close proximity to The Berkeley Marina, North Berkeley BART, UC Berkeley, Berkeley Bowl, Restaurants and Shopping on 4th St, parks, public transportation, and the 80 Freeway makes it a turnkey investment opportunity in an incomparable location. Purchase individually or as part of a portfolio sale. Also available for sale is 5418 Telegraph Ave. Oakland (5 Unit), 712 56th St. Oakland (4 Unit), 3807 High St. Oakland (6 Unit).
Multi-familyProperty Type
1966Year Built
8,497 sq ftLot Size
$282Price/Sq.Ft.
Listed by Stephanie Christmas•DRE #01308253• KW Advisors East Bay
West Berkeley, located between San Pablo Avenue and the San Francisco Bay, is an industrial and artsy Berkeley neighborhood with a working waterfront and maker warehouses. The neighborhood’s character concentrates around Fourth Street and Hearst Avenue, where design-forward shops, cafes, and galleries line a walkable retail strip. Converted factories, low-slung workshops, and live-work style buildings give the streets a utilitarian, creative edge. The Berkeley Marina and César Chávez Park frame the western horizon with wide paths and open sky. Local pillars include the Berkeley Art Center, The Freight, and Takara Sake USA. Food and drink landmarks such as Acme Bread and Fieldwork Brewing Company add a distinctly local rhythm.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Multi-unit property with a total of 7 residential units
No central air conditioning specified
Bedrooms
Four 3-bedroom units
Two units of unspecified bedroom count
One unit of unspecified bedroom count
Bathrooms
Four 1-bathroom units
Two 2-bathroom units
One unit of unspecified bathroom count
Kitchen
No specific kitchen appliance information provided
bridgeMLS, Bay East AOR, or Contra Costa AOR #41143329
Jul 30, 2026
Listed
$1,685,000
$282/sq ft
Public Records
Aug 31, 2000
Sold
$750,000
$126/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$27,684 (+15.1%)
$345,793 + $806,851
$1,152,644
2024
$24,053 (+2.4%)
$339,014 + $791,033
$1,130,047
2023
$23,485 (+2.6%)
$332,367 + $775,524
$1,107,891
2022
$22,900 (+0.2%)
$319,464 + $745,416
$1,064,880
2021
$22,845 (+6.5%)
$319,464 + $745,416
$1,064,880
2020
$21,442 (+5.5%)
$313,200 + $730,800
$1,044,000
2019
$20,329 (+4.4%)
$309,989 + $723,308
$1,033,297
2018
$19,480 (−7.8%)
$303,912 + $709,128
$1,013,040
2017
$21,120 (+18.6%)
$426,556 + $746,248
$1,172,804
2016
$17,815 (+1.6%)
$426,556 + $746,248
$1,172,804
2015
$17,538 (−0.4%)
$286,386 + $668,235
$954,621
2014
$17,602
$276,563 + $645,314
$921,877
2013
$17,606 (+3.6%)
$276,563 + $645,314
$921,877
2012
$16,987 (+2.0%)
$275,314 + $642,400
$917,714
2011
$16,659 (+1.3%)
$269,916 + $629,805
$899,721
2010
$16,444 (−1.1%)
$264,624 + $617,457
$882,081
2009
$16,625 (+5.2%)
$262,649 + $612,848
$875,497
2008
$15,810
$263,274 + $614,307
$877,581
Public record
Public record
Zoning
Permits
Beds
15
Baths
7
Stories
2
Lot width
—
Lot depth
—
Lot size
8,497 Sq. Ft.
Year renovated
1966
Finished Sq. Ft.
5,975
Unfinished Sq. Ft.
—
Total Sq. Ft.
5,975
Year built
1966
Style
Multi-Family (5+ Unit)
County
Alameda County
APN
057 208102200
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
R-4
Multi-Family Residential District
The purpose of the Multi-Family Residential (R-4) district is to: Implement the General Plan by encouraging development of relatively high-density residential areas; Make available housing for persons who desire both convenience of location and a reasonable amount of usable open space; Protect adjacent properties from unreasonable obstruction of light and air; Permit the construction of residential structures, such as residential hotels, which will provide housing opportunities for transient or seasonal residents; and Permit the construction of institutional and office uses that are not detrimental to the immediate neighborhood.
Permitted uses
Include but are not limited to:
Agriculture-Other
Housing-Other
Park & open space
Sep 4, 2023 • Final
Plan check
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 82° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
16 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Berkeley, CA • 94702
Average low and high temperatures (°F)
62
46
63
48
68
50
65
51
68
53
68
55
66
56
71
58
72
58
72
56
63
50
60
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
71/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.5 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1246 Berkeley Way
There isn’t enough information to generate an accurate estimate at this time. Learn More