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1919 Curtis St 10 Unit Apartment Building $3,100,000 ($310,000/Unit) 4.52% Cap Rate Berkeley, CA 94702
EXECUTIVE SUMMARY
Presenting 1919 Curtis Street, a prime multifamily investment opportunity in Berkeley. This 10-unit property, built in 1949, spans 7,364 square feet and is situated on a 5,227-square-foot lot. Located on the north side of University Avenue between San Pablo Avenue and Chestnut Street, it is approximately one mile from the North Berkeley BART station, offering convenient access to public transportation. The neighborhood boasts a variety of Berkeley's top-rated restaurants and shops, all within a short walk from the property. Due to its prime location and well-maintained building, the units continue to attract high demand from top paying tenants.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.52% | Building Size | 7,364 SF |
| Gross Rent Multiplier | 13.24 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 0.35/1,000 SF |
| Zoning | R4, Berkeley | ||
| Price | $3,100,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| Gross Rent Multiplier | 13.24 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,364 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1949 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | R4, Berkeley |
AMENITIES
UNIT AMENITIES
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 7 | - | 647 - 736 |
| 2+1 | 2 | - | 950 - 1,051 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 057-2083-025-00 | Improvements Assessment | $2,104,224 (2025) |
| Land Assessment | $920,057 (2025) | Total Assessment | $3,024,281 (2025) |
PROPERTY TAXES
Parcel Number
057-2083-025-00
Land Assessment
$920,057 (2025)
Improvements Assessment
$2,104,224 (2025)
Total Assessment
$3,024,281 (2025)
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1919 Curtis St
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