$9,440,000

Estimated payment $59,292/month

24 Beds
-- Bath
18,543 Sq Ft
$509 Price per Sq Ft

Highlights

  • 0.22 Acre Lot
  • Wood Flooring
  • Bay Window
  • Emerson Elementary School Rated A
  • 7 Car Attached Garage
  • Formal Entry

About This Home

The Cushman & Wakefield Northern California Multifamily Capital Markets Group is pleased to present The Keystone Apartments, a distinguished 32-unit multifamily asset in an irreplaceable location at 2419 Durant Avenue in the highly sought-after Southside neighborhood of Berkeley, CA. Built in 1924, this 18,543-square foot property boasts classic architectural character and presents a prime investment opportunity just steps away from the world-renowned UC Berkeley campus. Offered for the first time in more than 50 years, The Keystone Apartments represents a truly unique chance to secure a generational multifamily investment in one of the Bay Area's most dynamic rental markets. The property's unit mix consists of 20 studios and 12 two-bedroom units, catering to a diverse range of tenants, including UC Berkeley students, faculty, and local professionals seeking direct adjacency to UC Berkeley. The Property offers significant value-add potential for an investor to implement property upgrades and reposition the asset as a student focused housing option. The property can be purchased individually or as a 3-property, 68-unit portfolio with The Leroy Apartments (2411 Durant Avenue - 9 Units) and The Castle Craig Apartments (2525 Durant Avenue - 27 Units).

Listing Agent

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 09/17/2025

Co-Listing Agent

Zachary Greenwood

Cushman & Wakefield License #01960296

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 9,750 Sq Ft Lot

Parking

  • 7 Car Attached Garage

Home Design

  • Fixer Upper

Interior Spaces

  • 18,543 Sq Ft Home
  • 4-Story Property
  • Bay Window
  • Formal Entry
  • Apartment Living Space in Basement
  • Free-Standing Gas Range

Flooring

  • Wood
  • Linoleum

Utilities

  • Heating System Uses Steam
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 55-1878-10

Community Details

Building Details

  • 24 Leased Units
  • 8 Vacant Units

Additional Features

  • 32 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: Fixer, Varies By Unit
  • Levels: Four
  • Year Built: 1924
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Apartment In Basement, Storage Area
  • Number Of Rooms: 24
  • Appliances: Free Standing Gas Range, Free Standing Refrigerator
  • Flooring: Linoleum, Wood
  • Interior Amenities: Formal Entry
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 509.09
  • Square Footage: 18543.00
  • Window Features: Bay Window(s)

Garage/Parking

  • Parking Features: Attached, Garage
  • Total Parking Spaces: 7.00

Utilities

  • Cooling: None
  • Heating: Steam
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 58110

Lot Info

  • Assessor Parcel Number: 55-1878-10
  • Lot Features: Curbs/Gutters, Sidewalk
  • Lot Size Acres: 0.2238
  • Lot Size Sq Ft: 9750.00
  • Lot Size Units: SqFt
  • Price Per Acre: 42180518.32

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Electricity
  • Units Furnished: None

Building Info

  • Building Name: The Keystone Apartments
  • Number of Units Total: 32

Multi Family

  • Number Of Units Vacant: 8
  • Gross Rent Multiplier: 10.55
  • Number Of2 Bedrooms Occupied: 12
  • Number of 2 Bedroom Units: 12
  • Number of Studio Units: 20
  • Number Of Units Leased: 24
  • Number Studios Occupied: 12
  • Separate Meters: Electricity, See Remarks

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2025 09/17/25 For Sale $9,440,000 -- $509 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Source: San Francisco Association of REALTORS® MLS

MLS Number: 425074242

San Francisco Association of REALTORS® MLS