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- LoopNet Team
1640 7th St
Berkeley, CA 94710
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Fantastic location in one of Berkeley's most coveted area in Oceanview/4th Street area.
- Close to the Berkeley Marina and North Berkeley BART and also UC Berkeley
- Over $200,000 in improvements.
- Walking distance to trendy and upscale 4th street shopping area with stores like Apple, Bette's Oceanview Diner, Iyasare, Peet's Coffee, Sur La Table,
- Separate PG&E meters and separate Water meters!
- Tremendous Upside!
PROPERTY FACTS
| No. Units | 6 | Building Size | 4,830 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1936 |
| Building Class | C | Parking Ratio | 1.24/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | R-1A - Limited Two-Family Residential | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,830 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | R-1A - Limited Two-Family Residential |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Range
- Carpet
- Yard
- Garden
- Patio
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
ABOUT 1640 7TH ST , BERKELEY, CA 94710
Fantastic location in one of Berkeley's most coveted area in Oceanview/4th Street area. Walking distance to trendy and upscale 4th street shopping area with stores like Apple, Bette's Oceanview Diner, Iyasare, Peet's Coffee, Sur La Table, Z Gallerie, Vics Chaat House, Whole Foods and much more. Close to the Berkeley Marina and North Berkeley BART. UC Berkeley is also close by. North-side of University Ave. Tremendous growth location. Walk Score of 82 and Bike Score of 99! Two buildings on one lot. A duplex and a fourplex and two storage units. Large units. Good layout. New Fence! Large level rectangular lot. Two extra storage shed in the rear for additional income. Over $200,000 in improvements. Newer stucco, Newer windows, sheer wall bolted on fourplex, newer roof on duplex. Separate PG&E meters and separate Water meters! Excellent upside potential. Pride of ownership. Very good investment opportunity. Weather around this apartment is always pretty cool by the bay. Current Cap at 4.23% and Pro Forma cap is 9.94%. Numbers indicated here are solely Pro Forma only. Very good upside. 1650 7th St Unit D is vacant and is on lock box. Please only show that unit. The remaining units are offer subject to inspection. Pre-escrow opened with Old Republic Title Company (Escrow # 1117019327 - Jennifer Hinkle). Email offers to kylec@platinumri.com. For questions, please text or call Kyle 510-502-2288. Square footage of lot and units have not been verified by seller or listing agent.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $30,000 | - |
| 2+1 | 5 | $22,407 | - |
PROPERTY TAXES
| Parcel Number | 058-2120-011-00 | Improvements Assessment | $626,702 |
| Land Assessment | $522,252 | Total Assessment | $1,148,954 |
PROPERTY TAXES
