1626 Francisco St - Apartments FOR SALE


Berkeley, CA 94703- North Berkeley
$2,800,000 USD
650-546-1030
1626 Francisco St, Berkeley, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/16
null | 5.8% Cap Rate

1626 Francisco St
Berkeley, CA 94703
North Berkeley


OVERVIEW

Marcus & Millichap is pleased to present 1626 Francisco Street is a 10-unit multifamily property located just blocks from UC Berkeley in one of Berkeley's most desirable rental corridors. The 10,330-square-foot building features a spacious unit mix of two 3-bedroom, 2-bath units and eight 2-bedroom, 1-bath units, along with nine garage parking spaces and on-site laundry. The property is fully occupied and individually metered for gas and electricity. Current rents are approximately 28% below market, presenting a clear value-add opportunity to increase income as units turn. With its large unit sizes, strong tenant demand near campus, and close proximity to North Berkeley BART and the Gourmet Ghetto, 1626 Francisco Street offers investors a well-located Berkeley asset with meaningful upside.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

10

PRICE/UNIT

$280,000

CAP RATE

5.8%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,102 SF

ZONING

R2, Berkeley

APN/PARCEL ID

058-2158-032-01

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.