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2419 Durant Ave
Berkeley, CA 94704 South Berkeley

$9,440,000 USD

Apartments For Sale  •  18,543 SF

Property Details

  • Property Type Apartments
  • Total Building Size 18,543 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1924
  • Cap Rate 5.59 %
  • Zoning R-SMU
69 Transit Score
99 Walk Score

Highlights

Irreplaceable Location Just 1 Block from UC Berkeley
Ideal for Student Housing
Opportunity to Furnish Units
High Demand Due to UC Berkeley’s Housing Shortage
Flexible Acquisition Opportunity - Purchase Individually or as a Portfolio
Opportunity to Increase Bedroom Count

Financial Summary (Actual)

Net Operating Income: $527,577 USD (2024)
Cap Rate: 5.59 %
Total Expenses: $367,218 USD

Major Tenants

Tenant SF Occupied Lease End Date
Mosaic (US)

Amenities

  • Laundry Facilities
  • Kitchen
  • Refrigerator
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
9 min - 2.7 mi
11 min - 3.4 mi
Transit/SubwayDriveWalkDistance
Downtown Berkeley Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART)) 4 min 12 min 0.6 mi
AirportDriveWalkDistance
Metro Oakland International 25 min - 14.7 mi
San Francisco International 42 min - 25.2 mi
Norman Y Mineta San Jose International 60 min - 45.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Keith Manson 415-244-6300 Cushman & Wakefield
Keith Manson 415-244-6300 Cushman & Wakefield