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1526 Arch St 10 Unit Apartment Building $3,840,000 ($384,000/Unit) 5% Cap Rate Berkeley, CA 94708
Executive Summary
Marcus & Millichap is pleased to present 1526 Arch Street, a 10-unit apartment community in the highly sought-after North Berkeley neighborhood. Built in 1938, the property features a well-balanced unit mix of one studio, five one-bedroom units, three two-bedroom units, and one three-bedroom unit. Currently operating with three vacant units, the asset offers immediate value-add potential through renovations and lease up to market rents. Amenities include four garage spaces, six covered carports, and on-site laundry. With its classic 1930s character and strong fundamentals, 1526 Arch Street presents a rare opportunity to acquire a value-add asset just a 10-minute walk from UC Berkeley.
Property Facts
| Price | $3,840,000 | Apartment Style | Low-Rise |
| Price Per Unit | $384,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5% | Building Size | 9,282 SF |
| Gross Rent Multiplier | 11.4 | Average Occupancy | 80% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Zoning | R-50, Berkeley - Residential | ||
| Price | $3,840,000 |
| Price Per Unit | $384,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,282 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1938 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R-50, Berkeley - Residential |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Oven
- Tub/Shower
- Pantry
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 5 | - | 650 |
| 2+1 | 3 | - | 800 |
| 3+1 | 1 | - | 1,100 |
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Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 059-2255-008-00 | Improvements Assessment | $1,917,437 |
| Land Assessment | $1,934,277 | Total Assessment | $3,851,714 |
Property Taxes
Parcel Number
059-2255-008-00
Land Assessment
$1,934,277
Improvements Assessment
$1,917,437
Total Assessment
$3,851,714
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1526 Arch St
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