Price: $0 to $99,999,999
Number of Units: 0 to 100 Units
Price: $0 to $99,999,999
Number of Units: 0 to 100 Units

2741 Dwight Way, Berkeley, CA 94704

Neighborhood : Southside
$4,750,000

Key information

  • Units 12
  • Year Built 1964
  • Average Unit Size 757
  • Building Size 9,078
  • Land Area (Sq Ft) 6,440
  • Parking 12
  • Separate Meters Electric

Pricing Metrics

CAP Rate: 6.3%
GRM: 9.6
Price per Unit: $395,833
Price per Square Foot: $523

Property Summary

Prime student housing investment just blocks from UC Berkeley in Southside. 2741 Dwight Way is a 12-unit property consisting of 2BD/1BA layouts (~750 sq ft each) across a 3-story, 9,078 sq ft building. All units are leased to UC Berkeley students, with turnover expected within 2 years—offering strong repositioning opportunity. Units feature original kitchens and baths, updated flooring, and large living rooms with layout flexibility for conversion to 3BD units with estimated post-renovation rents of up to $4,200/month. The property includes a rare subterranean garage with 15 spaces and potential for ADU conversion. Located on a major corridor with an AC Transit stop at the front door, and walking distance to campus, cafés, and Downtown Berkeley BART. Ideal long-term asset in a proven submarket.

Financial Summary

Gross Rents (Annual): $461,892
Other Income: $31,428
Expense Pass Through: $0
Effective Gross Income: $301,225
Vacancy Reserve: $24,666
Operating Expenses: $167,429
Net Operating Income: $301,225
Market Rents (Annual): $561,600
Rent Gap: 22%
Disclaimer*

The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.

Operating Expenses

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Rent Board Fee: N/A
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Property Management: N/A
Resident Manager: N/A
  • Maintenance, Repairs, and Reserves : N/A
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  • Landscaping : N/A
  • Pest Control : N/A
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  • Insurance : N/A
  • Gas & Electricity : N/A
  • Garbage : N/A
  • Water & Sewer : N/A
  • Other Utilities : N/A
Disclaimer*

The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.

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2741 Dwight Way, Berkeley, CA 94704

Joey Wang

Founder & Lead Multifamily Specialist