858-525-5007

1430 Josephine, Berkeley CA 94703 | $4,798,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1960
  • MLS#: ML82037892
  • Community: 699 - Not Defined

Listing provided courtesy of Eymon Binesh of Marcus & Millichap. Last updated 2026-04-10 08:29:41.000000. Listing information © 2025 SANDICOR.

Marcus & Millichap is pleased to present 1430 Josephine Street is a 19-unit multifamily investment opportunity in Berkeley offered at $4,798,000 ($252,526 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 6.03% to 10.30% as rents are brought to market levels. The property has recently undergone a full electrical service upgrade and seismic retrofit in compliance with Berkeley's 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.

More Details

Parking Spots: 8.00
Carport Spaces: 8.00
Heating: Electric

David Piper​

Call or Text: 858-525-5007

DRE# 02021985