2427 Mckinley Ave, Berkeley, CA 94703
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
2427 Mckinley Ave,Berkeley, CA 94703
$1,650,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jatin mehta
Office: kite hill real estate855-450-0442
MLS#:41144559
Source:CRMLS
Price summary
- Price:$1,650,000
About this home
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....
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Home facts
- Year built:1962
- Subdivision & Development:CENTRAL BERKELEY
- Listing ID #:41144559
- Added:47 day(s) ago
- Updated:September 28, 2026 at 12:21 PM
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1962
- Lot area:0.12 Acres
- Construction Materials:Stucco
Finances and disclosures
- Price:$1,650,000
Parking
- Total parking spaces:6
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