2427 McKinley AveBerkeley, CA 94703

Description

To access the marketing package copy/paste: https://bit.ly/kitehillre Kite Hill Real Estate presents 2427 McKinley Ave, a well-maintained 6-unit mid-century apartment building located in one of Berkeley's most desirable rental markets. Situated just 6–7 blocks from UC Berkeley and only a few blocks from Downtown Berkeley BART, the property offers exceptional access to campus, public transit, restaurants, cafés, grocery stores, and the vibrant Downtown Berkeley commercial district. The property features an attractive unit mix of (4) 1-bedroom/1-bath units and (2) studio units, appealing to Berkeley's consistently strong demand from students, faculty, and young professionals. The property is 100% occupied and generates over $140,000 in annual gross income, providing stable in-place cash flow. Additional amenities include 1:1 covered garage parking, on-site coin-operated laundry, and 4 of the 6 units have been renovated, enhancing tenant appeal while reducing future capital needs. Ownership has completed several major improvements, including the mandatory soft-story seismic retrofit and sewer lateral compliance, allowing investors to acquire a well-maintained asset with significant infrastructure work already completed. Built in 1962, 2427 McKinley Avenue offers a rare combination of a premier Berkeley location, strong current income, and long-term investment potential.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1962

Living area

2,911 Sq Ft

Lot size

0.11 acres

Parking spaces

6

Days on market

84

MLS^® Listing#

41144559

Property Features

Interior

Storage

Cooling

None

Heating

Natural Gas

Flooring

Wood

Basement

None

Parking

Tandem

Lot features

Rectangular Lot · Paved

Construction

Stucco

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None