The offering presents 1504 10th Street, Berkeley, CA, a well-maintained 6-unit multifamily property comprising 6 1-bedroom, 1-bathroom units. The 3,194 sq. ft. building sits on a 0.20-acre lot and is currently 67% occupied. Built in 1926, the property offers a prime location near UC Berkeley and is within walking distance… Read More of restaurants, shops, and public transit. With below-market rents, there is a significant value-add opportunity to increase rents to market rates and improve occupancy. The current rent roll totals $11,627/month, with a pro forma rent roll of $14,400/month, representing a 19% upside. The current cap rate is 5.90%, with a proforma cap rate of 7.90%, indicating strong potential for future returns. Read Less
Property listed by Marcus & Millichap, Emil Jellinek 310-259-7556
Listing Snapshot
Days Online
5
Last Updated
Lot Size
0.2 Acres
Year Built
1926
MLS Number
41129017
Additional Details
Building
Built in 1926
Cooling
SeeRemarks
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Lot
0.2 acres
Parking
2 total parking spaces
Roof
Shingle
Taxes
Parcel Number: 5923117
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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