Josephine St
Berkeley, CA 94703
Northbrae
3 Beds
2 Baths
12,288 sqft (on 0.31 acres)
3 Beds
2 Baths
12,288 sqft
(on 0.31 acres)
Local Information
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Description
Marcus & Millichap is pleased to present 1430 Josephine Street is a 19-unit multifamily investment opportunity in Berkeley offered at $4,798,000 ($252,526 per unit). The 12,288-square-foot property sits on an oversized 0.31-acre lot and features a desirable mix of fifteen (15) two-bedroom units and four (4) 1-bedroom units on one of Berkeley's best streets. The asset presents significant value-add potential, with current rents approximately 31% below market. The current rent roll of $41,047 per month offers a clear path to increasing cash flow and value, with the cap rate projected to improve from 6.03% to 10.30% as rents are brought to market levels.
The property has recently undergone a full electrical service upgrade and seismic retrofit in compliance with Berkeley's city ordinance, significantly reducing future capital expenditure for a new owner. Located near North Berkeley BART, UC Berkeley, and the Shattuck Avenue corridor, the property benefits from strong tenant demand and long-term rental fundamentals.
The property has recently undergone a full electrical service upgrade and seismic retrofit in compliance with Berkeley's city ordinance, significantly reducing future capital expenditure for a new owner. Located near North Berkeley BART, UC Berkeley, and the Shattuck Avenue corridor, the property benefits from strong tenant demand and long-term rental fundamentals.
Home Highlights
Parking
Carport
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$390
Listed
71 days ago
Home Details for Josephine St
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2 |
Dimensions and Layout Living Area: 12288 Square Feet |
Appliances & Utilities Utilities: Public Utilities, Water PublicAppliances: Washer/Dryer |
Heating & Cooling Heating: ElectricAir Conditioning: NoneHeating Fuel: Electric |
Gas & Electric Gas: PublicUtilities |
Levels, Entrance, & Accessibility Accessibility: Parking |
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Exterior Home Features Roof: Rolled Hot MopFoundation: Slab |
Parking & Garage Has a CarportNo GarageParking Spaces: 8Parking: Assigned,Covered |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 71 |
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Year Built Year Built: 1960 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Five Or More Units, Residential Income |
Property Information Included in Sale: OvenRangeAllUnitsParcel Number: 059227301301 |
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Price List Price: $4,798,000Price Per Sqft: $390 |
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Direction & Address City: Berkeley |
School Information Elementary School District: BerkeleyUnifiedHigh School District: BerkeleyUnified |
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Listing Agent Listing ID: ML82037892 |
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Building Area Building Area: 12288 |
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Units in Building: 19 |
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Lot Area: 0.31 acres |
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Special Conditions: Standard |
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Listing Agreement Type: ExclusiveRightToSellListing Terms: CashorConventionalLoan |
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Lease Term: Month To Month |
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Mls Number: ML82037892 |
Last check for updates: about 4 hours ago
Listing courtesy of Eymon Binesh 02060059, (650) 546-1030
Marcus & Millichap, (650) 391-1700
Source: MLSListings Inc, MLS#ML82037892
Also Listed on MLSListings Inc.
Price History for Josephine St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/09/2026 | $4,798,000 | PriceChange | MLSListings Inc #ML82037892 |
| 03/10/2026 | $5,280,000 | Listed For Sale | MLSListings Inc #ML82037892 |
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Comparable Sales for Josephine St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.52 | Multi-Family Home | $2,525,000 | 04/17/26 | 5 | 3 | 10,330 | |
0.12 | Multi-Family Home | $2,150,000 | 01/12/26 | 4 | 6 | 3,434 | |
0.37 | Multi-Family Home | $1,900,000 | 01/06/26 | 4 | 3 | 3,540 | |
0.25 | Multi-Family Home | $1,855,000 | 10/20/25 | 4 | 4 | 2,925 | |
0.45 | Multi-Family Home | $950,000 | 03/27/26 | 4 | 2 | 1,265 | |
0.39 | Multi-Family Home | $1,750,000 | 07/18/25 | 5 | 4 | 2,470 | |
0.50 | Multi-Family Home | $1,500,000 | 08/01/25 | 3 | 4 | 2,201 | |
0.49 | Multi-Family Home | $1,243,800 | 09/15/25 | 4 | 2 | 1,560 |
Assigned Schools
These are the assigned schools for Josephine St.
- Berkeley Arts Magnet at Whittier School
- K-5
- Public
- 407 Students
10/10GreatSchools RatingParent Rating AverageThe Principal has been very receptive and always available to discuss our concerns. I visit the school at different times of the day throughout the year and I see his presence in the lunch room on the yard and in the school as a strong and positive influence on the school , it's students and the teaching staff. The PTA is involved and the school supports may different initiatives on behalf of BAM and the community.Parent Review7y ago - Berkeley High School
- 9-12
- Public
- 3218 Students
9/10GreatSchools RatingParent Rating AverageThe school has great teachers and traditional education for the most part . My issue with the social aspect is that they don't have a dress code. I understand we are in Berkeley CA and there are nudists but that's different. They allow their girls to wear very tight daisy dukes that show not only the gluteos maximus but the genitals. This has been an ongoing going issue for almost ten years and I really don't understand why. I feel the students should be educated on why it's a bad idea. The students have off campus lunch and harass passer bys and spread what ever infections they have with those genitals shorts. Aside from this real big issue there are some ok teachers there that are trustworthyParent Review7mo ago - Ruth Acty Elementary
- K-5
- Public
- 410 Students
9/10GreatSchools RatingParent Rating AverageRuth Acty is amazing. Principal Mary is an excellent principal. All the teacher and assistants care so much about the kiddos. I feel so support, my kid feels supported, and we are lucky to be there.Other Review4y ago - Martin Luther King Middle School
- 6-8
- Public
- 851 Students
9/10GreatSchools RatingParent Rating AverageKing had been great so far. My kid has been enjoying their time there. The teachers are so responsive and quick when you have a concern. We were concerned with some things with my child and we told one of their teachers about it. The teacher and other staff members were so helpful and so responsive to our kid’s needs that it help them gain so much confidence at school during the year. They made getting my child support so easy and not stressful at all. King is just a great school with amazing teachers.Parent Review9mo ago - Sylvia Mendez Elementary
- K-5
- Public
- 379 Students
8/10GreatSchools RatingParent Rating AverageEs una escuela muy complementaria porque laConexión entre el personal y las familias es increíble!Parent Review2y ago - Thousand Oaks Elementary School
- K-5
- Public
- 337 Students
9/10GreatSchools RatingParent Rating AverageOur child entered Thousand Oaks in the 3rd grade and had an amazing experience. The teacher's he had for 3rd, 4th, and 5th were some of his best teachers he's had in school and the school culture was amazing.Parent Review6y ago - Rosa Parks Environmental Science Magnet School
- K-5
- Public
- 393 Students
9/10GreatSchools RatingParent Rating AverageWe feel incredibly fortunate to be part of the Rosa Parks community. The dynamic Science, Dance, Arts, core curriculum, and after school programming are all top-notch. The school has a thriving Science lab and curriculum; my son has taken in after school enrichment: Art; Yoga; Toyology (making toys based on Science concepts); Soccer; Chess; Cooking. The physical layout of the school is charming and welcoming. It's a special place.Parent Review8y ago 
Check out schools near Josephine St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Northbrae
At least 13 Trulia users voted on each feature.
94 % Say it's walkable to grocery stores
94 % Say there are sidewalks
94 % Say people would walk alone at night
93 % Say it's dog friendly
86 % Say parking is easy
84 % Say there's wildlife
80 % Say it's walkable to restaurants
80 % Say yards are well-kept
79 % Say car is needed
78 % Say kids play outside
71 % Say neighbors are friendly
67 % Say it's quiet
67 % Say there's holiday spirit
61 % Say streets are well-lit
54 % Say there are community events
43 % Say they plan to stay for at least 5 years
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Eymon Binesh, Marcus & Millichap, (650) 391-1700
Agent Phone: (650) 546-1030
Based on information from the MLSListings MLS as of 2026-05-20 08:19:36 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.