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May 19, 2022
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MULTIFAMILY NEWS
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Berkeley Apartment Building from the 1960s Sells for $388k per Unit

1/03/22

A 23-unit multifamily property in Berkeley sold for $8.925 mil, or $388k per unit. This was the first time the property, located at 2627 Hillegass Ave, was on the market since its original construction back in the 1960s.

2627 Hillegass consists of one three-bedroom/one-bath unit, 14 two-bedroom/one-bath units and eight one-bedroom/one-bath units. The well-maintained property, featuring radiant heat flooring throughout, is located just blocks from the UC Berkeley campus.

Kent Mitchell, Tim Warren, Randell Silva and Alex Lin with NAI Northern California represented the seller. Grant Chappell, Jonathan Burmenko, Sam Hayes and Robert Chappell, also with NAI Northern California, repped the buyer in the off-market deal.





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