Home | Alameda County | Berkeley | 94703 | 1430 Josephine St
MLS: ML82037892 | Status: | Price: $5,280,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 12,288 | 13,500 | 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.
| Field | Value |
|---|---|
| MLS # | ML82037892 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 24 |
| Feature | Details |
|---|---|
| Appliances | Washer/Dryer |
| Cooling | None |
| Heating | Electric |
| Feature | Details |
|---|---|
| Roof | Rolled/Hot Mop |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Covered Parking, Garage: 0 Car(s) |
| Elementary District | Berkeley Unified |
| High School District | Berkeley Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R-2 |
Eymon Binesh
Marcus & Millichap
License #: 02060059
Phone: (650) 546-1030
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 18 | 19 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 650 | 2 | 1/0 | $1,506 | $3,000 | 15 |
| 2 | 450 | 1 | 1/0 | $1,813 | $2,495 | 4 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1444 Walnut St | $4,700,000 | – | – | 7,167 | |
| 2231 Grant St | $5,200,000 | – | – | 16,733 | |
| 2801 College Ave | $4,628,000 | – | – | 10,358 | |
| 1610 Milvia St | $5,150,000 | – | – | 5,134 |
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This listing information is up-to-date as of March 20, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030.