NOT LISTED FOR SALE

2425 Grant St Berkeley, CA 94703

Downtown Berkeley Neighborhood
18 Beds
-- Bath
7,297 Sq Ft
6,750 Sq Ft Lot

Last Sold June 13, 2024

Last sale price $3,600,000 $493 Per Sq Ft

18 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Double Pane Windows
  • Washington Elementary School Rated A
  • Balcony
  • 3-minute walk to Becky Temko Tot Park

About This Home

As of June 2024

Back on the market at a 6.00% Cap Rate. 2425 Grant St is a 10 unit apartment building in central Berkeley, just a few blocks from Downtown Berkeley & under 1 mile from UC Berkeley, the #1 public university in the world. the property features 1 studio, and 9 2-bedroom units. 2 units feature private backyards & 1 unit is a tomehome style unit. 9 units have been updated with contemporary finishes. The units are individually metered for water/sewer, gas and electric, leaving few operating expenses for the seller to pay for. The property has undergone significant exterior capital improvements including a seismic retrofit (2015), sewer lateral compliance (2014), new exterior paint (2023) and new landscaping (2023). The property features 9 parking spaces, and on-site, coin-operated laundry facility and a large owner's storage room. Residents of the property are steps from Downtown Berkeley, under 1 mile to the UC Berkeley Campus and proximate to the Southside, South & North Berkeley neighborhoods making this an ideal housing option for students, young professionals and families alike. The property features an 83 Walk Score and a 95 Bike Score in addition to having easy access to several modes of public transportation including BART and AC Transit Bus lines.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 02/27/2024

Co-Listed By

Zachary Greenwood

Cushman & Wakefield License #01960296

Last Buyer's Agent

Thomas So

Derek Yeung, Broker License #01988865

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced Yard

Interior Spaces

  • 7,297 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows

Kitchen

  • Free-Standing Electric Oven
  • Free-Standing Electric Range
  • Microwave
  • Free-Standing Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 9 Parking Spaces
  • 9 Carport Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • Separate Meters
  • Gas Water Heater

Community Details

  • 10 Units
  • Coin Laundry
  • 10 Leased Units

Listing and Financial Details

  • Tenant pays for electricity, gas, parking fee, sewer, water
  • Assessor Parcel Number 055-1903-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1962 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: Updated/Remodeled, Varies By Unit
  • Levels: Three
  • Year Built: 1962
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 36
  • Appliances: Dishwasher, Disposal, Electric Cook Top, Free Standing Electric Oven, Free Standing Electric Range, Free Standing Freezer, Free Standing Refrigerator, Gas Water Heater, Microwave, Varies By Unit
  • Flooring: Tile, Varies By Unit, Wood
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 493.35
  • Square Footage: 7297.00
  • Window Features: Dual Pane Full, Varies By Unit

Exterior Features

  • Exterior Features: Fenced Yard, Yard Space
  • Patio And Porch Features: Balcony/Deck, Varies By Unit

Garage/Parking

  • Carport Spaces: 9.00
  • Parking Features: Carport, Covered, Off Street
  • Total Parking Spaces: 9.00
  • Covered Parking Spaces: 9.00
  • Independent Parking Spaces: 9

Utilities

  • Heating: Wall Furnace
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Fire Extinguisher, Secured Access, Smoke Detector
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 10010

Lot Info

  • Assessor Parcel Number: 055-1903-023
  • Lot Features: Shape Regular, Other
  • Lot Size Acres: 0.1550
  • Lot Size Sq Ft: 6750.00
  • Lot Size Units: SqFt
  • Price Per Acre: 23225806.45

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Electricity, Gas, Parking Fee, Sewer, Water
  • Units Furnished: None

Building Info

  • Number of Units Total: 10

Multi Family

  • Gross Rent Multiplier: 11.43
  • Two Bedroom Rent Range: 1605-3000
  • Number Of2 Bedrooms Occupied: 9
  • Number of 2 Bedroom Units: 9
  • Number of Studio Units: 1
  • Number Of Units Leased: 10
  • Number Studios Occupied: 1
  • Separate Meters: Electricity, Gas, Water
  • Studio Rent Range: 1500

Range of Values:

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List Price
Sold Price
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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
06/13/2024 06/13/24 Sold $3,600,000 -0.8% $493 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $3,630,000 -- $497 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Keith Manson

    Seller's Agent in 2024

    Keith Manson

    Cushman & Wakefield

    (415) 244-6300

    3 in this area

    38 Total Sales

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  • Zachary Greenwood

    Seller Co-Listing Agent in 2024

    Zachary Greenwood

    Cushman & Wakefield

    (559) 930-1770

    1 in this area

    32 Total Sales

    Section Image

  • T

    Buyer's Agent in 2024

    Thomas So

    Derek Yeung, Broker

    (650) 827-9000

    1 in this area

    6 Total Sales

    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424011528

San Francisco Association of REALTORS® MLS

California Alameda County Berkeley 94703 Downtown Berkeley

2425 Grant St, Berkeley, CA

This home is located at 2425 Grant St, Berkeley, CA 94703 since 27 February 2024. This property was built in 1962. 2425 Grant St is a home located in Alameda County with nearby schools including Washington Elementary School, Malcolm X Elementary School, and Berkeley Arts Magnet at Whittier School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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