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1504 10th Street, Berkeley, CA 94710
Priced at Only: $1,600,000
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Address: 1504 10th Street, Berkeley, CA 94710
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  • MLS#: 41129017 ( )
  • Street Address: 1504 10th Street
  • Viewed: 2
  • Price: $1,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 0
  • Days On Market: 10
  • Additional Information
  • County: ALAMEDA
  • City: Berkeley
  • Zipcode: 94710
  • Subdivision: Berkeley
  • Provided by: Marcus & Millichap
  • Contact: Emil Emil
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 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.
Features
Association Fee
  1. 0.00
Cooling
  1. See Remarks
Days On Market
  1. 48
Heating
  1. Wall Furnace
Parcel Number
  1. 5923117
Roof
  1. Shingle
Sourcesystemkey
  1. 41129017:BMLS
Subdivision Name Other
  1. BERKELEY
Tenant Pays
  1. Gas
Year Built
  1. 1926
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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