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1011-1013 Delaware St 5 Unit Apartment Building $1,995,000 ($399,000/Unit) 6.48% Cap Rate Berkeley, CA 94710
INVESTMENT HIGHLIGHTS
- Close to everything in Berkeley's Ocean View district and all transportation options
EXECUTIVE SUMMARY
Wonderful 5 unit Building ready for the new owner and vision. Two 3 bedroom units. Three 1 bedroom units. 3 units delivered vacant. Laundry room. 6th unit ready for ADU approval. All units are separated meters water/electric/gas. Great location close to all transportation options. Owner parking and storage.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$174,600
|
$56.36
|
| Other Income |
$500
|
$0.16
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$175,100
|
$56.52
|
| Taxes |
$30,000
|
$9.68
|
| Operating Expenses |
$8,000
|
$2.58
|
| Total Expenses |
$38,000
|
$12.27
|
| Net Operating Income |
$137,100
|
$44.25
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $174,600 |
| Annual Per SF | $56.36 |
| Other Income | |
|---|---|
| Annual | $500 |
| Annual Per SF | $0.16 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $175,100 |
| Annual Per SF | $56.52 |
| Taxes | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $9.68 |
| Operating Expenses | |
|---|---|
| Annual | $8,000 |
| Annual Per SF | $2.58 |
| Total Expenses | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $12.27 |
| Net Operating Income | |
|---|---|
| Annual | $137,100 |
| Annual Per SF | $44.25 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Eat-in Kitchen
SITE AMENITIES
- Laundry Facilities
- Smoke Free
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 3+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 058-2126-017-00 | Total Assessment | $1,312,261 |
| Land Assessment | $544,080 | Annual Taxes | $30,000 ($9.68/SF) |
| Improvements Assessment | $765,541 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
058-2126-017-00
Land Assessment
$544,080
Improvements Assessment
$765,541
Total Assessment
$1,312,261
Annual Taxes
$30,000 ($9.68/SF)
Tax Year
2025
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1011-1013 Delaware St
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