Multifamily
1526 Arch St
1526 Arch St, Berkeley, CA 94708
Listing Price: $3,840,000
Investment 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.
1526 Arch St
Investment Highlights
- Priced at $3,840,000, or $384,000 per unit and $413.70 per square foot, the property offers an attractive basis in one of Berkeley's most desirable rental corridors.
- The property offers a mix of studio, one-, two-, and three-bedroom units in a highly desirable area, featuring a median household income of approximately $103,727.
- Current Cap Rate is 4.91%, with a Pro Forma Cap Rate of 6.37%. The GRM improves from 11.42 to 9.74 after stabilization, increasing profitability and operational efficiency.
Exclusively Listed By
Listing Price: $3,840,000
Investment Highlights
- Priced at $3,840,000, or $384,000 per unit and $413.70 per square foot, the property offers an attractive basis in one of Berkeley's most desirable rental corridors.
- The property offers a mix of studio, one-, two-, and three-bedroom units in a highly desirable area, featuring a median household income of approximately $103,727.
- Current Cap Rate is 4.91%, with a Pro Forma Cap Rate of 6.37%. The GRM improves from 11.42 to 9.74 after stabilization, increasing profitability and operational efficiency.
Investment 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.
Exclusively Listed By
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