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1700 Spruce St 14 Unit Apartment Building $3,800,000 ($271,429/Unit) 5.33% Cap Rate Berkeley, CA 94709
Investment Highlights
- 1 block from UC Berkeley
- All units have parking
- 3 block from North Shattuck Ave.
Executive Summary
1 block to UC Berkeley and 3 block to North Shattuck Ave. All units have a parking space and separately metered for PG&E. 5 of the units have private balconies. Units 2 and 4 were just remodeled in 2026. Exterior of the building was painted in 2026. New electrical sub panels installed in all units in 2025. The building is fully insured for property and liability. One unit has a private yard. Common laundry room and roof deck offering a bay view and a peak of the Golden Gate Bridge. A very desirable location for UC Berkeley students (UC Berkeley has approximately 45,000 students and limited parking), faculty, and staff. Quiet Northside location near public transportation including the bus to Berkeley Lawrence Lab, AC transit and Berkeley BART. Price just reduced. OM will soon be updated to reflect the new price of $3,800,000 with the adjustments to the CAP Rate and the GRM.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $271,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.33% | Building Size | 14,631 SF |
| Gross Rent Multiplier | 10.15 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2026 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Zoning | R3H - Multi-unit zoning | ||
| Price | $3,800,000 |
| Price Per Unit | $271,429 |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Gross Rent Multiplier | 10.15 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 14,631 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2026 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | R3H - Multi-unit zoning |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Roof Terrace
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $2,571 | 720 |
| 1+1 | 7 | $1,984 | 586 |
Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 058-2181-003-00 | Total Assessment | $2,861,139 |
| Land Assessment | $576,110 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,285,029 | Tax Year | 2025 |
Property Taxes
Parcel Number
058-2181-003-00
Land Assessment
$576,110
Improvements Assessment
$2,285,029
Total Assessment
$2,861,139
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Map
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1700 Spruce St
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