Contacts

Grant Chappell

NAI NorCal

(510) 336-4721

Property Details

Property Type Multi-Family
Property Size 10,310 SF
Units 13
Lot Size 0.43 Acre
Year Built 1923
Date Updated Mar 18, 2024

The subject property is located in the quiet and clean Central Berkeley neighborhood on the southwest corner of Berkeley Way. and California Street. Tenants enjoy a short two block walk to North Berkeley BART Station, a half mile to the University Ave Trader Joe's and a mile to the western edge of UC Berkeley campus. This quiet neighborhood is home to Ohlone Park and a few other parks are within walking distance. This location attracts strong rents from an even mix of workforce tenants and graduate students.Team Chappell is proud to present 1538 Berkeley Way, a unique housing development built in 1923, consisting of four separate 1-story buildings containing a total of thirteen (13) 1bd/1ba units of approx 730 Sq Ft. The property's original purpose was to provide a monthly rental option for visitors to Berkeley in the 1920s. Its original character and quality have been carefully preserved by current management. The four structures allow residents to enjoy open space in a community-like setting. This is a tremendous opportunity with long term rental upside.

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Highlights

Large, charming and centrally-located property with stable demand
Meticulously maintained by current ownership
Spacious 730 Sq Ft Units boasting large closets, livings room and hardwood floors
Majority of units upgraded with stainless steel appliances, granite counter and in unit laundry
Large 18.75K SF lot, potential future development upside
Close proximity to numerous dining and retail establishments along University Avenue
Located within walking distance to the North Berkeley BART, 1.0 miles from the Western edge of Campus, and 0.5 miles to the Trader Joe's on University Ave

Getting around

93/100
Walk Score ®
69/100
Transit Score ®
99/100
Bike Score ®

Powered by Walk Score ®

City Berkeley, CA
Neighborhood Central Berkeley
Zip Code 94703
Market Bay Area

Points of Interest

North Berkeley

0.24 miles
Downtown Berkeley

0.68 miles
Berkeley

1.15 miles
Ashby

1.40 miles
Emeryville

2.23 miles
El Cerrito Plaza

2.38 miles
Rockridge

2.44 miles
MacArthur

3.04 miles
Redwood Valley Railway

3.20 miles
El Cerrito del Norte

4.22 miles

Chevron

0.11 miles
Valero

0.39 miles
Shell

0.39 miles
#1 Gas

0.40 miles
SP

0.81 miles
EconoGas

0.83 miles
Shell

0.88 miles
Chevron

0.95 miles
Chevron

0.96 miles
Chevron

1.01 miles

Center Street Garage

0.58 miles
Allston Way Garage

0.63 miles
University Hall West Lot

0.74 miles
Oxford Garage

0.77 miles
UCB Parking

0.77 miles
North Extension Lot

0.81 miles
Genetics Underground Garage

0.84 miles
RSF Garage

0.94 miles
Dwinelle Lot

1.02 miles
Ellsworth Parking Structure

1.05 miles

Super 8 Berkeley

0.08 miles
Howard Johnson Berkeley

0.09 miles
Aiden by best western

0.12 miles
Rodeway Inn

0.17 miles
Quality Inn University

0.22 miles
Travelodge

0.34 miles
Downtown Berkeley YMCA Hotel

0.57 miles
Holiday Inn Express & Suites Berkeley

0.57 miles
Nash Hotel

0.60 miles
Downtown Berkeley Inn

0.63 miles

Target

0.22 miles
Trader Joe's

0.39 miles
99 cent store

0.65 miles
Mi Tierra

0.68 miles
Monterey Market

0.68 miles
Target

0.71 miles
Andronico's

0.76 miles
Milan Indian Grocery

0.80 miles
Shattuck Market

0.85 miles
Epicurious Garden

0.86 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

1538 Berkeley Way