2425 Grant St

Berkeley, CA 94703

$3,600,000
Last Sold Price
18
Beds
7,297 Sq. Ft.
$493 / Sq. Ft.
7,297
Sq. Ft.
$493
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 6/13/24
Closed 6/13/24

Description

Back on the market at a 6.00% Cap Rate. 2425 Grant St is a 10 unit apartment building in central Berkeley, just a few blocks from Downtown Berkeley & under 1 mile from UC Berkeley, the #1 public university in the world. the property features 1 studio, and 9 2-bedroom units. 2 units feature private backyards & 1 unit is a tomehome style unit. 9 units have been updated with contemporary finishes. The units are individually metered for water/sewer, gas and electric, leaving few operating expenses for...Back on the market at a 6.00% Cap Rate. 2425 Grant St is a 10 unit apartment building in central Berkeley, just a few blocks from Downtown Berkeley & under 1 mile from UC Berkeley, the #1 public university in the world. the property features 1 studio, and 9 2-bedroom units. 2 units feature private backyards & 1 unit is a tomehome style unit. 9 units have been updated with contemporary finishes. The units are individually metered for water/sewer, gas and electric, leaving few operating expenses for the seller to pay for. The property has undergone significant exterior capital improvements including a seismic retrofit (2015), sewer lateral compliance (2014), new exterior paint (2023) and new landscaping (2023). The property features 9 parking spaces, and on-site, coin-operated laundry facility and a large owner's storage room. Residents of the property are steps from Downtown Berkeley, under 1 mile to the UC Berkeley Campus and proximate to the Southside, South & North Berkeley neighborhoods making this an ideal housing option for students, young professionals and families alike. The property features an 83 Walk Score and a 95 Bike Score in addition to having easy access to several modes of public transportation including BART and AC Transit Bus lines.
  1. Listed by Keith Manson • DRE #DRE #01490046 • CBRE
    P: (415)-773-3592 keith.manson@cushwake.com
  2. Listed by Zach W Greenwood • DRE #DRE #01960296 • CBRE
    P: (415)-714-4825 C: (415)-714-4825 zwgreenwood@gmail.com

Property Details for 2425 Grant Street

Parking Features
Carport, Covered, Off Street
Cross Street
Dwight Way
Total Parking Spaces
9
LISTING UPDATED: 06/18/2024 06:27 PM

Property Details for 2425 Grant Street

StatusClosed
MLS #424011528
Days on Compass18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1962
Lot Size0.15 AC / 6,751 SF
CountyAlameda County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of CBRE, Keith Manson, DRE #DRE #01490046; CBRE, Zach W Greenwood, DRE #DRE #01960296

Sold By Derek Yeung, Broker, Thomas So, DRE #DRE #01988865

Add your commute

Building Information for 2425 Grant Street

Stories-Residences10Year Built1962Building Size-Lot Size0.15 AC / 6,751 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$22,924 per month

30 year fixed, 6.15% Interest

Principal and Interest

$17,546

Property Taxes

$5,378

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2425 Grant Street

Summary
Location and General Information
  • Coordinates: -122.2741173, 37.863907
  • Latitude: 37.863907
  • Longitude: -122.2741173
  • Area/District: Berkeley Map Area 7
  • Location Description: Berkeley Map Area 7
Taxes and HOA
  • APN: 0551903023
  • Association: No
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Tax Tract: 0.00
Parking
  • Covered Spaces: 9
  • Independent Parking Spaces: 9
  • Carport Spaces: 9
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 9.0
  • Parking: Carport, Covered, Off Street
  • Carport: Yes
  • Garage: No
  • Open Parking: No
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Owner
  • Year Built Source: Assessor Agent-Fill
  • Lot Features: Shape Regular, Other
  • Building Area Source: Owner
  • Building Area Total: 7297.0
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Area: 6751.8
  • Lot Size Units: SqFt
Property and Assessments
  • Property Condition: Updated/Remodeled
  • Elevation: 0
  • Units Furnished: None
  • Number Of Buildings: 1
  • Videos Change Timestamp: 06-18-2024 03:06:26 PM
Farm Information
  • Irrigation Water Rights: No
Utilities
  • Gas: Separate Meter
  • Sewer: Public Sewer
  • Water Source: Separate Meter, Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Guest Space(s): 0
  • Fencing: Fenced
  • Stories: 0
  • Levels: Three Or More
  • Patio And Porch Features: Balcony/Deck
  • Exterior Features: Yard Space
  • Window Features: Double Pane Windows,Varies by Unit
  • Security Features: Carbon Monoxide Detector(s), Double Strapped Water Heater, Fire Extinguisher, Secured Access, Smoke Detector(s)
  • Senior Community: No
  • Stories Total: 0
Interior Features
  • Heating: Wall Furnace
  • Laundry Appliances: Coin Operated, Common Area, Dishwasher, Disposal, Electric Cooktop, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Refrigerator, Gas Water Heater, Microwave, Varies By Unit
  • Electric: Separate Meter
  • Flooring: Tile, Wood
  • Full Bathrooms: 4
  • # of Rooms: 36
  • Bathrooms Partial: 0
  • Heating: Yes
Room Information
1 Bedroom Unit
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • 2 Bedroom Rent Range: 1605-3000
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 9
3 Bedroom Unit
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Income Multiplier: 0.0
  • Operating Expense Includes: Utilities
Multi-Family Information
  • Total # Owner Occupied: 0
  • # Studios Occupied: 1
  • # of Units: 10
  • # Of Units Vacant: 0
  • # Of Units Leased: 10
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Description: 2-bedroom, 1-bathroom flat (no yard)
  • Unit 1 Identification: a, b, c, f, g, h, j
  • Unit 1 Rent Source: Owner
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Description: 2-bedroom, 1-bathroom flat with yard
  • Unit 2 Identification: D
  • Unit 2 Rent Source: Owner
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Description: 2-bedroom, 1-bathroom townhome style unit
  • Unit 3 Identification: e
  • Unit 3 Rent Source: Owner
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Description: Studio unit
  • Unit 4 Identification: K
  • Unit 4 Rent Source: Owner
  • Unit 4 Type: Apartment
Agent
Sale and Listing
  • Standard Status: Closed
Rental
Rent Information
  • Existing Lease Type: Net
  • Occupant Type: Unit 1 (Tenant), Unit 2 (Tenant), Unit 3 (Tenant), Unit 4 (Tenant)
  • # Of Units Month to Month: 0
  • Studio Rent Range: 1500
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas, Parking Fee, Sewer, Water
  • Current Rent: $10,143.00
  • Leasable Area Units: Square Feet
  • Gross Rent Multiplier: 11.43

Property History for 2425 Grant Street

DateEvent & SourcePriceAppreciation
Jun 13, 2024

Sold

RESFAR #424011528

$3,600,000—
May 15, 2024

Sold (Public Record)

Public Record #1538496008

$3,600,000

+7.1% / yr

Mar 16, 2024

Pending

RESFAR #424011528

—
Feb 27, 2024

Listed (Active)

RESFAR #424011528

$363,000—
Dec 15, 2023

Withdrawn

RESFAR #423913817

$3,695,000—
Oct 2, 2023

Listed (Active)

RESFAR #423913817

$3,910,000—
Aug 20, 2014

Sold (Public Record)

Public Record #434306569

$1,850,000

+3.4% / yr

Jul 25, 2006

Sold

MLSListings #EB40154489

$1,415,000—
Jul 25, 2006

Sold

EBRD #40154489

$1,415,000—
Jul 25, 2006

Sold

RESFAR #40154489

$1,415,000—
Jul 7, 2006

Sold (Public Record)

Public Record #199289016

$1,415,000—
May 7, 2006

Withdrawn

RESFAR #40123984

$1,475,000—
Apr 3, 2006

Pending

RESFAR #40154489

—
Apr 3, 2006

Listed (Active)

RESFAR #40154489

$1,475,000—
Apr 3, 2006

Pending

MLSListings #EB40154489

—
Apr 3, 2006

Pending

EBRD #40154489

—
Apr 3, 2006

Listed (Active)

MLSListings #EB40154489

$1,475,000—
Apr 3, 2006

Listed (Active)

EBRD #40154489

$1,475,000—
Apr 2, 2006

Pending

MLSListings #EB40154489

—
Apr 2, 2006

Listed (Active)

MLSListings #EB40154489

$1,475,000—
Nov 7, 2005

Price Change

RESFAR #40123984

$1,575,000—
Nov 7, 2005

Listed (Active)

RESFAR #40123984

$1,475,000—
DateEvent & SourcePrice
06/13/2024

Sold

RESFAR #424011528

$3,600,000
05/15/2024

Sold (Public Record)

Public Record #1538496008

$3,600,000

+7.1% / yr

03/16/2024

Pending

RESFAR #424011528

—
02/27/2024

Listed (Active)

RESFAR #424011528

$363,000
12/15/2023

Withdrawn

RESFAR #423913817

$3,695,000
10/02/2023

Listed (Active)

RESFAR #423913817

$3,910,000
08/20/2014

Sold (Public Record)

Public Record #434306569

$1,850,000

+3.4% / yr

07/25/2006

Sold

MLSListings #EB40154489

$1,415,000
07/25/2006

Sold

EBRD #40154489

$1,415,000
07/25/2006

Sold

RESFAR #40154489

$1,415,000
07/07/2006

Sold (Public Record)

Public Record #199289016

$1,415,000
05/07/2006

Withdrawn

RESFAR #40123984

$1,475,000
04/03/2006

Pending

RESFAR #40154489

—
04/03/2006

Listed (Active)

RESFAR #40154489

$1,475,000
04/03/2006

Pending

MLSListings #EB40154489

—
04/03/2006

Pending

EBRD #40154489

—
04/03/2006

Listed (Active)

MLSListings #EB40154489

$1,475,000
04/03/2006

Listed (Active)

EBRD #40154489

$1,475,000
04/02/2006

Pending

MLSListings #EB40154489

—
04/02/2006

Listed (Active)

MLSListings #EB40154489

$1,475,000
11/07/2005

Price Change

RESFAR #40123984

$1,575,000
11/07/2005

Listed (Active)

RESFAR #40123984

$1,475,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2425 Grant Street

Taxable ValueLand$1,020,000Additions$2,653,350Total$3,673,350
Tax Record2025$64,542 ($5,378 / month)
Home Facts
Total Finished SqFt7,297 SqFtAbove Grade Finished SqFt7,297 SqFtStories3Lot Size6,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyALAMEDAAPN55-1903-23

Schools near 2425 Grant Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Malcolm X Elementary School
Public - K to 5
Berkeley Arts Magnet at Whittier School
Public - K to 5
Oxford Elementary School
Public - K to 5
Washington Elementary School
Public - K to 5
Rating
School
Distance
Malcolm X Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Oxford Elementary School
PublicK to 5

Washington Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of CBRE, Keith Manson, DRE #DRE #01490046; CBRE, Zach W Greenwood, DRE #DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.