1504 10th Street, Berkeley, CA 94710
1504 10th Street, Berkeley, CA 94710
1504 10th Street, Berkeley, CA 94710
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$1,600,000
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8,712 Sqft Lot
Open Wed 1PM-2PM

1504 10th Street Berkeley, CA 94710

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Brent Cate

Brent Cate

+1(559) 304-6188

Open House

Wed Apr 22, 1:00pm - 2:00pm

Fri Apr 24, 1:00pm - 2:00pm

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Berkeley

MLS Listing ID 41129017

HOA Y/N No

Year Built 1926

Lot Size 8,712 Sqft

Property 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.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling See Remarks

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 2

Others

Tax ID 5923117

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Emil Jellinek Marcus & Millichap #02242403

NEARBY SCHOOL & BUSINESS

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Brent Cate

Brent Cate

License ID: 01482878

+1(559) 304-6188

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1504 10th Street

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