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1728 7th St
Berkeley, CA 94710

Prime Location 2-Blocks From 4th St. Retail · Multifamily Property For Sale · 7 Units

Investment Highlights

  • Desirable, central location, with easy access to nearby employment via BART, Bus, and Hwy 80.
  • 5.65% starting CAP Rate with below market rents, and 33% rental upside achievable upon tenant turnover.
  • Located two-blocks east of Fourth Street Retail.
  • Easy access via. walk, bike, or public transport to UC Berkeley, entertainment, and shopping.
  • Incredible location, with 94 walk-score (www.walkscore.com) “a walkers paradise”. Property is an easy walk to numerous café’s, restaurants, & shops.
  • Located five-blocks south of Gilman Street retail corridor.

PROPERTY FACTS

No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 4,512 SF
Average Occupancy 42%
No. Stories 2
Year Built/Renovated 1963/2019
Parking Ratio 1.11/1,000 SF

Unit Amenities

  • Air Conditioning
  • Tub/Shower
  • Double Pane Windows
  • Skylights

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $1,850 570
2+1 5 $2,188 675

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
058-2119-013-00
Land Assessment
$108,010
Improvements Assessment
$252,024
Total Assessment
$360,034

zoning

Zoning Code RM2 (Multi-Family Dwelling)
RM2 (Multi-Family Dwelling)
  • Listing ID: 29676302

  • Date on Market: 10/2/2023

  • Last Updated:

  • Address: 1728 7th St, Berkeley, CA 94710

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