Multifamily
1526 Arch St
1526 Arch St, Berkeley, CA 94708
Listing Price: $2,800,000
Investment Overview
Marcus & Millichap is pleased to present 1526 Arch Street, a 10-unit, 1938-built multifamily property in North Berkeley. The 9,282-square-foot building offers a mix of one studio, five 1BD/1BA, three 2BD/1BA and one 3BD/1BA unit, along with 8 garage and carport parking spaces. The list price is $2,800,000, or $280,000 per unit and $301.66 per square foot. The property shows a 6.52% current cap rate and 8.24% pro forma. With five units vacant and in-place rents about 13% below market, an investor can lease up immediately and add significant value as rents move to market. The property sits just off Shattuck and Vine, steps from the Gourmet Ghetto, UC Berkeley, neighborhood retail and public transit. That location supports strong leasing demand and long-term tenant retention.
1526 Arch St
Investment Highlights
- Prime North Berkeley location steps from the Gourmet Ghetto, UC Berkeley and transit, with strong renter demand from students, faculty and professionals.
- At 50% occupancy, five vacant units allow immediate lease-up at market rents, a rare chance to reposition the building and grow NOI from day one.
- At $280,000 per unit and $302 per square foot, the property offers an attractive basis for a 10-unit building in one of Berkeley's most desirable neighborhoods.
Exclusively Listed By
Listing Price: $2,800,000
Investment Highlights
- Prime North Berkeley location steps from the Gourmet Ghetto, UC Berkeley and transit, with strong renter demand from students, faculty and professionals.
- At 50% occupancy, five vacant units allow immediate lease-up at market rents, a rare chance to reposition the building and grow NOI from day one.
- At $280,000 per unit and $302 per square foot, the property offers an attractive basis for a 10-unit building in one of Berkeley's most desirable neighborhoods.
Investment Overview
Marcus & Millichap is pleased to present 1526 Arch Street, a 10-unit, 1938-built multifamily property in North Berkeley. The 9,282-square-foot building offers a mix of one studio, five 1BD/1BA, three 2BD/1BA and one 3BD/1BA unit, along with 8 garage and carport parking spaces. The list price is $2,800,000, or $280,000 per unit and $301.66 per square foot. The property shows a 6.52% current cap rate and 8.24% pro forma. With five units vacant and in-place rents about 13% below market, an investor can lease up immediately and add significant value as rents move to market. The property sits just off Shattuck and Vine, steps from the Gourmet Ghetto, UC Berkeley, neighborhood retail and public transit. That location supports strong leasing demand and long-term tenant retention.
Exclusively Listed By
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