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In-PersonVirtual Tour

$ 2,800,000

Est. payment | -/mo

5 Beds

3 Baths

10,330 SqFt

Save

$ 2,800,000

Est. payment | -/mo

Save

5 Beds

3 Baths

10,330 SqFt

Open House

Fri Mar 13, 12:00pm - 1:30pm

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,330 sqft

Price per Sqft $271

Lot Size 8,100 Sqft

MLS Listing ID ML82037756

Bedrooms 5

Full Baths 3

Property Description

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.

Location

State CA

County Alameda

Area Berkeley Map Area 3

Zoning RM

Interior

Heating Electric

Cooling None

1-purchase type For Sale

Exterior

Garage Underground Parking

Garage Spaces 9

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 058-2158-032-01

Security Features Secured Garage / Parking

Special Sale Not Applicable

Listed by Eymon Binesh of Marcus & Millichap
Bought with Eymon Binesh of Marcus & Millichap

1626 Francisco ST Berkeley, CA 94703