1810 10th St
Berkeley, CA 94710
Large Lot / Highly Renovated Interiors · Multifamily Property For Sale · 4 Units

For additional information and the complete offering memorandum, contact the exclusive listing agent: Jon Holmquist. 1810 10th Street, Berkeley, CA is a well located fourplex, positioned in a charming garden setting, on a large 9,100 square foot parcel (per property records). The property is located just a few blocks from the bustling Fourth Street corridor of Berkeley to the South and within walking distance to the Gilman / San Pablo commercial district including eateries, breweries, and cafés. The current owner has highly renovated the unit interiors upon turnover, with new kitchens and new bathrooms, including high-end quartz counter tops, stainless steel appliances, and new flooring, such that a new buyer will enjoy the benefit of relatively effortless management with a highly sought-after rental. Per property records, the complex was built circa 1943 and features a raised concrete perimeter foundation, with wood frame construction, wood siding, and a modified bitumen roof. Apartment units are individually metered for PG&E with gas wall heaters, and individual hot water heaters for each unit, which will ensure that utility expenses for the new owner will remain low. All four apartments are well thought out one-bedroom/one bath designs which have been highly renovated. Units feature hardwood floors, remodeled kitchens with newer stainless-steel appliances, quartz counter tops and new fixtures, and renovated bathrooms. Each apartment is outfitted with a gas stove and refrigerator. This offering provides a new buyer with the opportunity to acquire a property in one of the most sought-after University towns in America, with an extremely tight rental market that has less than 2% vacancy. The fourplex benefits from eligibility for residential financing with, 30-year fixed rate debt for a qualified buyer, and has solid cash flow, with further room for rental upside upon turnover. The subject property apartment units are in high demand, and easy to rent, due to the superior location, near commerce, entertainment, and retail. Tenants will find it a breeze to commute to the gainful employment, including an easy bike to UC Berkeley, commute via North Berkeley BART, or car to the nearby employment centers of San Francisco or Oakland.