Proud to present 1827 Berkely Way, Berkeley, CA—a prime multifamily investment opportunity in the City of Berkeley. Located at 1827 Berkeley Way, this fully occupied 9-unit apartment building offers a rare opportunity to own a turnkey asset in one of Berkeley’s most sought-after locations. Just three blocks from UC Berkeley and directly across the street from Trader Joe’s, the property features a desirable mix of (3) 1 Bed 1 Bath & (6) studios units. All units have been thoughtfully renovated over the years, ensuring strong tenant demand and minimal deferred maintenance. The property boasts a solid 5.24% cap rate and an 11.69 GRM, making it an ideal addition to any investor’s portfolio. This is a stabilized, income-producing asset in a prime walkable location, surrounded by amenities, transit, and consistent rental demand. As an added benefit, the seller is offering attractive financing—carrying a 5% interest-only note for 3 to 5 years with a 35% down payment—providing flexibility and ease of acquisition. With strong in-place cash flow, long-term upside, and rare seller terms, 1827 Berkeley Way is a compelling opportunity for investors seeking immediate returns in the heart of Berkeley.
bridgeMLS, Bay East AOR, or Contra Costa AOR #41098638
Jun 27, 2025
Sold
$2,275,000
$718/sq ft
May 22, 2025
Listed
$2,300,000
$726/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #40042033
Jan 6, 2005
Sold
$1,180,000
$372/sq ft
Oct 4, 2004
Listing Removed
—
Sep 22, 2004
Listed
$1,180,000
$372/sq ft
Great income. Two buildings in one lot. Faboulous opportunity to own 7 studios and 2 one-bedroom apartments close to UC Berkeley Campus and BART in North Berkeley.
Public Records
Oct 2, 1980
Sold
$58,500
$18/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$28,401 (+10.1%)
$694,773 + $1,621,137
$2,315,910
2024
$25,799 (+2.1%)
$592,356 + $1,046,728
$1,639,084
2023
$25,259 (+1.9%)
$580,745 + $1,026,211
$1,606,956
2022
$24,794 (−0.2%)
$558,199 + $986,370
$1,544,569
2021
$24,838 (+5.6%)
$558,199 + $986,370
$1,544,569
2020
$23,518 (+4.3%)
$547,255 + $967,032
$1,514,287
2019
$22,556 (+1.7%)
$541,645 + $957,119
$1,498,764
2018
$22,176 (+4.0%)
$531,029 + $938,359
$1,469,388
2017
$21,323 (+3.4%)
$510,416 + $901,935
$1,412,351
2016
$20,632 (+10.2%)
$510,416 + $901,935
$1,412,351
2015
$18,726 (+20.8%)
$500,412 + $884,257
$1,384,669
2014
$15,501 (−0.7%)
$230,000 + $700,000
$930,000
2013
$15,608 (+10.4%)
$230,000 + $700,000
$930,000
2012
$14,144 (+0.5%)
$235,000 + $695,000
$930,000
2011
$14,074 (−9.9%)
$170,000 + $670,000
$840,000
2010
$15,619 (−20.3%)
$252,000 + $588,000
$840,000
2009
$19,590 (+3.8%)
$350,000 + $620,000
$970,000
2008
$18,869
$460,028 + $812,897
$1,272,925
Tax history for 1827 Berkeley Way
Year
Property tax
Land + Additions
Assessment*
2025
$28,401 (+10.1%)
$694,773 + $1,621,137
$2,315,910
2024
$25,799 (+2.1%)
$592,356 + $1,046,728
$1,639,084
2023
$25,259 (+1.9%)
$580,745 + $1,026,211
$1,606,956
2022
$24,794 (−0.2%)
$558,199 + $986,370
$1,544,569
2021
$24,838 (+5.6%)
$558,199 + $986,370
$1,544,569
2020
$23,518 (+4.3%)
$547,255 + $967,032
$1,514,287
2019
$22,556 (+1.7%)
$541,645 + $957,119
$1,498,764
2018
$22,176 (+4.0%)
$531,029 + $938,359
$1,469,388
2017
$21,323 (+3.4%)
$510,416 + $901,935
$1,412,351
2016
$20,632 (+10.2%)
$510,416 + $901,935
$1,412,351
2015
$18,726 (+20.8%)
$500,412 + $884,257
$1,384,669
2014
$15,501 (−0.7%)
$230,000 + $700,000
$930,000
2013
$15,608 (+10.4%)
$230,000 + $700,000
$930,000
2012
$14,144 (+0.5%)
$235,000 + $695,000
$930,000
2011
$14,074 (−9.9%)
$170,000 + $670,000
$840,000
2010
$15,619 (−20.3%)
$252,000 + $588,000
$840,000
2009
$19,590 (+3.8%)
$350,000 + $620,000
$970,000
2008
$18,869
$460,028 + $812,897
$1,272,925
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
9
Stories
2
Lot width
—
Lot depth
—
Lot size
4,687 Sq. Ft.
Year renovated
1910
Sq. Ft.
4,877
Year built
1910
Style
Multi-Family (5+ Unit)
County
Alameda County
APN
057 206301000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
R-2A
Restricted Multiple-Family Residential District
The purpose of the Restricted Multiple-Family Residential (R-2A) district is to: Implement the General Plan by encouraging the development of medium-density residential areas characterized by small multiple-family and garden-type apartment structures with a maximum of open space consistent with this type of development; Make available housing for persons who desire apartment-type accommodations with a maximum of open space; Protect adjacent properties from unreasonable obstruction of light and air; and permit only land use intensity which is compatible with existing low-density residential structures and is not detrimental to the immediate neighborhood.
Permitted uses
Include but are not limited to:
Agriculture-Other
Housing-Other
Park & open space
Property details
Interior
Interior Features
Appliances: Gas Water Heater
Laundry Features: Laundry Room
Flooring: Hardwood, Laminate
Unit 1 Information
# of Unit 1 Type: 6
Unit 1 # of Bathrooms: 1
Unit 2 Information
# of Unit 2 Type: 3
Unit 2 # of Bedrooms: 1
Unit 2 # of Bathrooms: 1
Multi-Unit Information
Number Of Units Total: 9
Cap Rate: 5.24
Exterior
Building Information
Construction Materials: Frame
Building Area Total: 3,169
Exterior Features
Exterior Features: Garden
Property Information
Living Area: 3169
Living Area Units: Square Feet
Property Type: COMM RI MULTI-UNITS 5+
Property Sub Type: 5 or More Units
Year Built: 1910
Lot Information
Lot Size Square Feet: 4791
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Features: Dead End, Landscaped
Utilities
Utility Information
Utilities: Other Water/Sewer
Heating & Cooling
Has Heating
Heating: Wall Furnace
Public facts
Beds: —
Baths: 9.0
Sq. Ft.: 4,877
Stories: 2.0
Lot Size: 4,687 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1910
Year Renovated: 1910
County: Alameda County
APN: 057 206301000
Home facts updated by county records on Sep 16, 2026
Around this home
Schools
Berkeley Arts Magnet at Whittier School
Public K-5 • Assigned • 0.4mi
10/10
Willard Middle School
Public 6-8 • Assigned • 1.2mi
10/10
Berkeley High School
Public 9-12 • Assigned • 0.3mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being 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 • 94703
Average low and high temperatures (°F)
61
47
62
48
67
51
64
50
68
53
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69
56
73
57
73
60
70
55
63
51
59
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.1 hours in
June and 5 hours in December, placing it above the
U.S. average for solar exposure.