2427 McKinley Ave , Berkeley, CA 94703
$1,650,000
Est. Payment: $9,055.82/mo
0.12 Acres
Status: Active | Days on site: 7
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House 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.

Highlights

Listed by Jatin Mehta , 510-878-6800 Kite Hill Real Estate , 855-450-0442. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1962

County

Alameda

Neighborhood

Central Berkeley

Listing ID

41144559

Questions about this listing?

Contact Agent

Interior Features

Exterior Features

Lot:No Land Lease
Garage Capacity:6
Others:
  • ▪ Additional:Stucco, 2+ Total Units
Principal Interest
$9,056
Taxes
$1,052

Home Price

$1,650,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$330,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,055.82

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,055.82 $1,051.88 $0.00 $10,107.69
Yearly $108,669.80 $12,622.50 $0.00 $121,292.30
Total $3,260,093.93 $378,675.00 $0.00 $3,638,768.93

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Berkeley, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-03T13:07:47.000Z

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