Back

1 of 59

2 of 59

3 of 59

4 of 59

5 of 59

6 of 59

7 of 59

8 of 59

9 of 59

10 of 59

11 of 59

12 of 59

13 of 59

14 of 59

15 of 59

16 of 59

17 of 59

18 of 59

19 of 59

20 of 59

21 of 59

22 of 59

23 of 59

24 of 59

25 of 59

26 of 59

27 of 59

28 of 59

29 of 59

30 of 59

31 of 59

32 of 59

33 of 59

34 of 59

35 of 59

36 of 59

37 of 59

38 of 59

39 of 59

40 of 59

41 of 59

42 of 59

43 of 59

44 of 59

45 of 59

46 of 59

47 of 59

48 of 59

49 of 59

50 of 59

51 of 59

52 of 59

53 of 59

54 of 59

55 of 59

56 of 59

57 of 59

58 of 59

59 of 59

1700 Le Roy Ave
Berkeley, CA 94709 North Berkeley

$7,260,000 USD

Apartments For Sale • 16,950 SF

Property Details

Property Type Apartments
Total Building Size 16,950 SF
Lot Size 0.29 AC
Building Class C
Year Built 1930
Cap Rate 5.82 %

60 Transit Score

83 Walk Score

                
                    Highlights
                
                                RARE CHANCE TO ACQUIRE A MULTIFAMILY INVESMENT PROPERTY IN BERKELEY’S NORTHSIDE NEIGHBORHOOD THREE BLOCKS FROM UC BERKELEY
                            
                                TRUE VALUE-ADD OPPORTUNITY DELIVERED MOSTLY VACANT WITH REMAINING UNITS TO BE VACATED BY JUNE 2025
                            
                                LARGE UNITS & CONDUCIVE UNIT LAYOUTS PROVIDE THE POTENTIAL OPPORTUNITY TO ADD BEDROOMS
                            
                                STEPS FROM THE #1 PUBLIC UNIVERSITY IN THE WORLD
                            
                                RENOVATED STUDENT FOCUSED MULTIFAMILY PROPERTIES IN BERKELEY COMMAND IMPRESSIVE RENTAL RATE
                            
                                EXCELLENT HISTORICAL & FORECASTED RENT GROWTH

Financial Summary (Actual)

Net Operating Income: $422,437 USD (2023)

Cap Rate:	5.82 %
Total Expenses:	$270,189 USD

Amenities

Balcony
Kitchen
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Berkeley (Capitol Corridor - Amtrak)	8 min	-	2.6 mi
Emeryville (California Zephyr - Capitol Corridor Joint Powers Authority, Capitol Corridor - Capitol Corridor Joint Powers Authority, Coast Starlight - Capitol Corridor Joint Powers Authority, San Joaquins - Capitol Corridor Joint Powers Authority)	12 min	-	3.9 mi
Transit/Subway	Drive	Walk	Distance
Downtown Berkeley Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART))	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Metro Oakland International	26 min	-	15.4 mi
San Francisco International	43 min	-	25.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Keith Manson 510-874-1919 CBRE, Inc.

1700 Le Roy Ave Berkeley, CA 94709 North Berkeley