1504 10th Street, Berkeley, CA 94710
List Price: $1.52M
Listing Status: Active
Original List Price: $1.6M
0Days on Market: 31
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1926
Lot Size: 8,712 sq ft
MLS Number: 41129017
About This Property
The offering presents 1504 10th Street, Berkeley, CA, a well-maintained 6-unit multifamily property comprising 6 1-bedroom, 1-bathroom units. The 3,194 sq. ft. building sits on a 0.20-acre lot and is currently 67% occupied. Built in 1926, the property offers a prime location near UC Berkeley and is within walking distance of restaurants, shops, and public transit. With below-market rents, there is a significant value-add opportunity to increase rents to market rates and improve occupancy. The current rent roll totals $11,627/month, with a pro forma rent roll of $14,400/month, representing a 19% upside. The current cap rate is 5.90%, with a proforma cap rate of 7.90%, indicating strong potential for future returns.
Listing provided by: Emil Jellinek DRE #02242403 415-625-2160 emil.jellinek@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 41129017
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