1744 Tenth St/1023 Delaware St sits on two huge lots with a combined square footage of 10,500 and 6,361 of building sqft. Built in 1943, this unique property has ten units divided into four separate structures. There are a total of nine 1bd/1bth units, one 2bd/1bth unit, five garages, plenty of on-site parking, a beautiful landscape, and much more.
Well located in Northwest Berkeley and blocks away from all the famous Fourth Street Shops plus the Berkeley Marina, this apartment complex has become a magnet for affluent tenants. With two units exempt from rent control, a pending vacancy at close of escrow, and up to four rentable garages, this income-generating investment will easily produce approximately $15,000 a month. There has been a series of interior and exterior renovations including but not limited to: brand new roofs, water heaters, paint, hardwood floors, copper plumbing, insulated walls, and granite counter tops.
This up-and-coming Berkeley neighborhood is home to the city's only industrial area, the trendy Fourth Street business district, and the quiet Berkeley Marina. Northwest Berkeley was once the working class community of Ocean View, and the working class roots of this area remain evident almost everywhere (except on gentrified Fourth Street). Home to the Amtrak station, I-80, BART, and San Pablo Avenue--the former route of US Highway 40--transportation has played a key role in neighborhood development for years. In fact, only in Northwest Berkeley can one find anything in this town resembling a strip mall. Fourth Street is home to many high-end shops and the popular Bette's Oceanview Diner, and nearby Vik's Chaat Corner and Takara Sake are unique Berkeley offerings.
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