$5,280,000

1430 Josephine Street, Berkeley CA, 94703

Price per sqft$429.69

Built in1960

Property size12,288 sqft

Property typeCommercial

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Overview

Active

Listed Mar 10, 2026

Updated 4 weeks ago

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.

Additional information

MLS^® ID: ML82037892

Interior Features

Bathrooms: 0

Exterior Features

Lot Size: 0.31 Acres

Other Property Details

Taxes: $65,065
Tax Frequency: Annually
Maintenance Expense: $9,500

Broker Reciprocity Courtesy of Marcus & Millichap, Eymon Binesh

Website E2E - Playwright - Full Name

- Phone Number

[email protected] - Email

Jim Halpert - Brokerage Name

76321 - MLS License Number

Data last updated 12:22 PM UTC, 9/13/2026

Based on information from California Regional Multiple Listing Service, Inc. as of 9/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.