Showing Today-Wed 8/15 at 11am
1538 Arch St is a multifamily property in Berkeley, CA 94708. This 5,734 square foot multifamily property sits on a 8,075 square foot lot. Built in 1940, the property boasts five 2bd/1bth units, one 1bd/1bth unit (delivered vacant), and one studio. There is ample covered parking, mature landscaping, and on site laundry. The property has tremendous rental upside for the next owner, which can be advantageous in North Berkeley's hot rental market.
1538 Arch St is mere blocks from local retail stores, eateries, blocks from North Berkeley BART and has direct access to I-80, I-980 and Highway 24. 1538 Arch St allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value.
North Berkeley stands as one of the most desirable neighborhoods in East Bay. Million dollar homes cover the hills in styles inspired by early 20th-century architecture. Located along the northern border of the University of California, North Berkeley caters more to residential family life, while more students live on the southside. Despite the thousands of students attending school on a daily basis, North Berkeley remains a quiet neighborhood with a small-town character.
This is a tremendous opportunity for a buyer to acquire an attractive investment property in a great location, in a strong rental market with a lack of developable land, good demographics, a diverse economic base, and a strong source of growth in U.C. Berkeley. Opportunities such as this rarely come on the market in Berkeley, and this offers potential investors with significant upside, and the ability to cash flow from the first day of ownership.
CONTACT STEVEN PINZA, ESQ. FOR A COMPLETE MARKETING PACKAGE
