About 1519 Walnut St
Price reduced! Back on market, the subject property consists of two (2) multifamily buildings totaling 9,042 square feet, situated on two separate parcels totaling 9,960 Square Feet, with a total of twelve (12) 1-bed, 1-bath units. Can be sold together or separately. 12.87 GRM and 4.6% Cap on current rents. The spacious and sophisticated renovated units showcase modern design and aesthetic elements, including efficient layouts, stainless steel appliance packages, and upgraded finishes throughout. Due to its desirable location, the property and submarket benefit significantly from very low vacancy, tremendous tenant demand, and premium rental rates.
Features of 1519 Walnut St
| MLS® # | 41020563 |
|---|---|
| Price | $4,650,000 |
| Bathrooms | 0.00 |
| Square Footage | 9,042 |
| Acres | 0.23 |
| Year Built | 1918 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | Midrise (4-6 Flrs) |
| Status | Active |
Community Information
| Address | 1519 Walnut St |
|---|---|
| Area | Berkeley Map Area 3 |
| City | Berkeley |
| County | Alameda |
| State | CA |
| Zip Code | 94709 |
Amenities
| Utilities | Individual Electric Meter, Individual Gas Meter |
|---|---|
| Parking | Uncovered Park Spaces 2+ |
| View | Downtown |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Storage |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Fireplace | No |
Exterior
| Lot Description | Regular |
|---|---|
| Construction | Siding - Stucco |
Additional Information
| Date Listed | March 2nd, 2023 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Grant Chappell |
|---|---|
| Office | NAI Northern California |