1917 6th St - Apartments FOR SALE


Berkeley, CA 94710- Northwest Berkeley
$3,080,000 USD
650-492-0934
1917 6th St, Berkeley, CA for Sale
$3,080,000 USD
Apartments - FOR SALE
1/5
null | 5.35% Cap Rate

1917 6th St
Berkeley, CA 94710
Northwest Berkeley


HIGHLIGHTS

  • Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the East Bay.
  • 1917 Sixth St gives investors the opportunity to assume the existing loan at a low 2.905% yearly interest rate with a (30) year amortization schedule.
  • The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave.
  • 1917 Sixth St offers tenants and residents easy access to California 24, Interstate 580, The Bay Bridge and BART Downtown Berkeley Station.
  • The subject property is nearby many of the nation's top employers including Twitter, Uber, Tesla, Google, Apple, Facebook as well as many others.

OVERVIEW

1917 Sixth St is a stunning 12-unit apartment community located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 11,600 square feet, the subject property was originally constructed in 1964 and has a gross building area of 8,184 square feet offering its tenants beautifully designed two-bedroom floor plans. The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally. Berkeley is a major transportation hub with several Bay Area rapid transit system (BART) stops and is intersected by several interstate freeways. Residents in Berkeley have convenient commuting options to San Francisco and the greater Bay Area providing close proximity to many of the nation's top tech employers including Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others. The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1917 Sixth St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$3,080,000 USD

PRICE/SF

$376 USD /SF

# OF UNITS

12

PRICE/UNIT

$256,667

CAP RATE

5.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,600 SF

ZONING

R-3

APN/PARCEL ID

057-2096-014-02

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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