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1734 Spruce St 7 Unit Apartment Building $3,290,000 ($470,000/Unit) 4.72% Cap Rate Berkeley, CA 94709
Investment Highlights
- 7-unit turnkey multifamily just one block from UC Berkeley
- Over $900,000 in capital improvements with 5 fully renovated units
- Prime Berkeley location with strong student and professional rental demand
- 4.72% cap rate | 13.27 GRM with strong in-place income
- ADU development potential on large lot for additional upside
- Minimal deferred maintenance and stable long-term asset
Executive Summary
Presenting 1734 Spruce Street — a fully renovated 7-unit multifamily investment located just one block from the northern edge of UC Berkeley. This rare turnkey opportunity offers strong in-place income, modernized units, and minimal deferred maintenance in one of Berkeley’s most in-demand rental markets.
The property has undergone over $900,000 in capital improvements, with five of the seven units fully renovated to contemporary standards, providing a strong blend of stability and upgraded living spaces.
Set on a generous lot with future development potential, the asset also offers opportunities for ADU expansion, creating additional upside and long-term income growth.
Ideally positioned near UC Berkeley, with consistent tenant demand and strong rental fundamentals, 1734 Spruce Street represents a rare chance to acquire a high-performing, turnkey multifamily asset in a premier location.
The property has undergone over $900,000 in capital improvements, with five of the seven units fully renovated to contemporary standards, providing a strong blend of stability and upgraded living spaces.
Set on a generous lot with future development potential, the asset also offers opportunities for ADU expansion, creating additional upside and long-term income growth.
Ideally positioned near UC Berkeley, with consistent tenant demand and strong rental fundamentals, 1734 Spruce Street represents a rare chance to acquire a high-performing, turnkey multifamily asset in a premier location.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,290,000 | Apartment Style | Low-Rise |
| Price Per Unit | $470,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.72% | Building Size | 4,400 SF |
| Gross Rent Multiplier | 13.27 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Price | $3,290,000 |
| Price Per Unit | $470,000 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Gross Rent Multiplier | 13.27 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1913 |
| Parking Ratio | 1.14/1,000 SF |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 1+1 | 2 | - | 500 |
| 2+1 | 3 | - | 550 |
| 3+2 | 1 | - | 780 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 058-2181-006-00 | Improvements Assessment | $2,387,700 |
| Land Assessment | $742,840 | Total Assessment | $3,130,540 |
Property Taxes
Parcel Number
058-2181-006-00
Land Assessment
$742,840
Improvements Assessment
$2,387,700
Total Assessment
$3,130,540
Contacts
-
Grant Chappell -
Jonathan Burmenko -
Robert Chappell -
Sam Hayes -
NAI Northern California
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1734 Spruce St
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