2231 Grant Street Berkeley, CA ^$ 5,328,000

2231 Grant Street

^$ 5,328,000

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Recently Listed

2231 Grant Street

Berkeley, CA, 94703

^$ 5,328,000

Bedrooms-- Baths-- Sq 16,733

Monthly Estimate*

^$ 32,805

Listed by Marcus & Millichap

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Commercial Property for sale in Berkeley, CA

for $5,328,000. This 16,733 square foot building was built in 1967 on a lot size of 0.2984.

Marcus & Millichap is pleased to present 2231 Grant Street, a well-located 22-unit apartment community in Berkeley featuring a strong mix of spacious two-bedroom, one-bedroom, and studio floor plans. Situated in a highly desirable rental market with consistent demand, the property benefits from strong fundamentals, proximity to major employers and transit, and easy access to downtown Berkeley, UC Berkeley, and neighborhood retail. The property offers a 5.50% in-place cap-rate with upside to an estimated 9% return, combined with an exceptionally low price per unit, presenting a rare value-add opportunity in one of the Bay Area's most supply-constrained rental markets.

Commercial Active

Price

^$ 5,328,000

Property Type

Commercial

Taxes

^$ 65,657

Style

Lot Size

0.2984

Year Built

1967

Town/City

Berkeley

County/Region

Alameda

MLS | Web ID

ML82033849

Days on Market

Features

General

Heating Electric

Cooling None

Zoning RM

HOA Fee 0

Year Built 1967

County Alameda

Insurance Expense 16424

Property Type Commercial Sale

MaintenanceExpense 12979

Special Listing Conditions Standard

Status Active

City Berkeley

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 13000

Carport Spaces 4

Carport Y/N true

Tax Annual Amount 65657

Trash Expense 8569

Standard Status Active

Year Built Source Assessor

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Water Source Public

Total Parking 4

Lot Size Area 13000

Number of Buildings 1

Building Area Total 16733

Lot Size Acres 0.2984

Lot Size Source Assessor

* Excluded Features

List By

Marcus & Millichap

Broker

ebinesh@marcusmillichap.com

Affordability Calculator

$38,277

Per Month

Monthly Principal & Interest: $32,805
Monthly Property Taxes: $5,471
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Berkeley, CA

Average List Price ^$2,770,680

Percent of Sale Price 48%

About Berkeley, CA

118,775 Population

16% Since 2002

^$76,242 Median Income

33.13 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/6/2026	$5,328,000		Listed Price

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2231 Grant Street, Berkeley, CA, 94703 is a Commercial Property for sale at $5,328,000 with 16,733 sqft and a lot size of 0.2984. 2231 Grant Street was built in 1967. The property's zip code is 94703 which is in Berkeley, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 2/21/2026. 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.

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2231 Grant Street

Commercial Property for sale in Berkeley, CA

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