Loading...

Berkeley, CA, 94703 • Northbrae • Alameda County
$430/sqft
3Beds
2Baths
12,288Sqft
0.31 acLot
1960Built
This home is getting attention
Listed 28 days ago · 657 views · 14 saves
Demand and pricing signals for this listing
657 views
People checking out this listing
14 saves
Buyers have saved this home
28 days on market
Recently listed
$430/sqft
Price per square foot
Multi Family · Built 1960
BCG Multifamily of Marcus & Millichap is pleased to present 1430 Josephine Street is a 19-unit multifamily investment opportunity in Berkeley offered at $5,280,000 ($277,895 per unit). The 12,288-square-foot property sits on an oversized 0.31-acre lot and features a desirable mix of fifteen (15) two-bedroom units and four (4) 1-bedroom units on one of Berkeley's best streets. The asset presents significant value-add potential, with current rents approximately 31% below market. The current rent roll of $41,047 per month offers a clear path to increasing cash flow and value, with the cap rate projected to improve from 5.37% to 9.25% as rents are brought to market levels. The property has recently undergone a full electrical service upgrade and seismic retrofit in compliance with Berkeleys city ordinance, significantly reducing future capital expenditure for a new owner. Located near North Berkeley BART, UC Berkeley, and the Shattuck Avenue corridor, the property benefits from strong tenant demand and long-term rental fundamentals.
Based on current rates
Est. 6.35% rate · 30yr fixed · $4,224,000 loan
Full calculator →Key facts and listing details
7 categories of property features
Market data and value estimates
3 schools rated nearby
Berkeley, CA, 94703
1 event
Local context around this listing
Berkeley, CA • Alameda County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information from the MLSListings MLS as of 2026-04-07 13:23:37 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
No obligation · Same-day response