Property Detail

Description

1420 Alcatraz presents a rare opportunity for an investor to purchase a well maintained 8 unit apartment building located in Berkeley, one of the most dynamic multifamily submarkets in the region. Built in 1916 and 1940, the property comprises two buildings on two separate parcels, with a combined square footage of 4,755 square feet on a 10,454 square foot lot. Diverse Unit Mix: The property offers an attractive unit mix, including (1) 3-bedroom, 1-bath unit; (1) 2-bedroom, 1 bath unit; (1) 2-bedroom, 2-bath unit; and (5) 1-bedroom, 1-bath units, catering to a variety of tenant demographics. Prime Location Within Desirable School District in Southwest Berkeley Neighborhood: Situated on the corner of Alcatraz and Sacramento, the property benefits from long-term tenant demand and is located within the Berkeley Public School district; a key decision driver for renters with children. Exceptional Walkability and Bikeability: With a Walk Score of 90 and a Bike Score of 93, tenants enjoy easy access to local shops, restaurants, and entertainment options without the need for a vehicle. Proximity to Public Transit: Just a 10-minute walk to Ashby BART Station and a 10-minute bike ride to the University of California, Berkeley, providing convenient transportation options for residents.