1728 7th St | Berkeley, CA 94710
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- LoopNet Team
1728 7th St
Berkeley, CA 94710
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Recently replaced roof in 2024. Units B and C completely renovated. Unit D had recent minor remodel. Units C, D & F have new flooring.
- Well kept complex on quite tree lined street, desirable central location, easy access to nearby employment via BART, Bus, and Hwy 80.
- Strong unit mix with two, one-bedroom/one-bath and five, two-bedroom/one bath floorplans.
- 7.01% Current CAP Rate and 9.94 Current GRM (with vacant units rented at market rents of $1,975 for 1bed/1bath and $2,295 for 2bed/1bath).
- Easy access via. walk, bike, or public transport to UC Berkeley, entertainment, and shopping.
- Separately metered for gas and electric, with on-site laundry and parking to rear of property.
PROPERTY FACTS
| No. Units | 7 | Building Size | 4,512 SF |
| Property Type | Multifamily | Average Occupancy | 42% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.11/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | RM2 - Multi-Family Dwelling | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,512 SF |
| Average Occupancy | 42% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | RM2 - Multi-Family Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Tub/Shower
- Double Pane Windows
- Skylights
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,975 | 570 |
| 2+1 | 5 | $2,295 | 675 |
PROPERTY TAXES
| Parcel Number | 058-2119-013-00 | Improvements Assessment | $1,086,500 |
| Land Assessment | $700,000 | Total Assessment | $1,786,500 |
PROPERTY TAXES
Parcel Number
058-2119-013-00
Land Assessment
$700,000
Improvements Assessment
$1,086,500
Total Assessment
$1,786,500
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