- $4.8M Price
- .31 Acres
- 75 DOM
1430 Josephine Street
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.
Essential Information
- MLS® #ML82037892
- Price$4,798,000
- Bathrooms0.00
- Acres0.31
- Year Built1960
- TypeCommercial Sale
- StatusActive
Community Information
- Address1430 Josephine Street
- Area699 - Not Defined
- CityBerkeley
- CountyAlameda
- Zip Code94703
Amenities
- Parking Spaces8
Interior
- HeatingElectric
- CoolingNone
School Information
- DistrictOther
Additional Information
- Date ListedMarch 10th, 2026
- Days on Market75
- ZoningR-2
Listing Details
- AgentEymon Binesh
- OfficeMarcus & Millichap
Price Change History for 1430 Josephine Street, Berkeley, (MLS® #ML82037892)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $5,280,000 to $4,798,000 |
Eymon Binesh, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of May 25th, 2026 at 2:30am PDT. 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.