1526 Arch St - Apartments FOR SALE


Berkeley, CA 94708- North Berkeley
$3,840,000 USD
650-546-1030
1526 Arch St, Berkeley, CA for Sale
$3,840,000 USD
Apartments - FOR SALE
1/27
null | 5% Cap Rate

1526 Arch St
Berkeley, CA 94708
North Berkeley


OVERVIEW

Marcus & Millichap is pleased to present 1526 Arch Street, a 10-unit apartment community in the highly sought-after North Berkeley neighborhood. Built in 1938, the property features a well-balanced unit mix of one studio, five one-bedroom units, three two-bedroom units, and one three-bedroom unit. Currently operating with three vacant units, the asset offers immediate value-add potential through renovations and lease up to market rents. Amenities include four garage spaces, six covered carports, and on-site laundry. With its classic 1930s character and strong fundamentals, 1526 Arch Street presents a rare opportunity to acquire a value-add asset just a 10-minute walk from UC Berkeley.

FOR SALE DETAILS

PRICE

$3,840,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

10

PRICE/UNIT

$384,000

CAP RATE

5%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1938

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-50, Berkeley

APN/PARCEL ID

059-2255-008-00

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.