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1744 10th St

10 Unit Block of Flats £2,406,450 (£240,645/Unit) 4.23% Net Initial Yield Berkeley, CA 94710

Investment Highlights

  • Prime Location: Highly desirable area, vibrant culture, top educational institutions, and proximity to tech hubs
  • Parking: The property offers five garage parking spaces and ample off-street parking for all units, a valuable feature in Berkeley
  • Renovated Units: Featuring modern amenities and high-quality finishes, ensuring competitiveness in the rental market
  • Strong Investment Potential: High rental demand, limited supply, and increasing rental prices, well positioned for long-term growth

Executive Summary

1744 Tenth St in Berkeley, CA, presents a rare opportunity for investors seeking a well-maintained asset in a great location. The property comprises nine upgraded one-bedroom units and one spacious two-bedroom unit, each thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades ensure that the property remains competitive in the rental market.
In addition to the appealing unit mix, the property offers excellent parking amenities, including five garage parking spaces and ample off-street parking for all units. This feature is a significant advantage in Berkeley, where parking is often at a premium. The combination of secure garage parking and easy off-street access enhances the property’s appeal to a broad range of renters, ensuring high occupancy rates and steady rental income.
Berkeley is widely recognized as one of the most desirable locations in the San Francisco Bay Area. Known for its vibrant culture, world-class educational institutions, and thriving culinary and arts scenes, Berkeley attracts a diverse population of students, professionals, and families. The city’s proximity to major tech hubs, excellent public transportation, and scenic outdoor spaces only add to its allure. This demand for housing in Berkeley continues to drive rental prices upward, making it a prime location for real estate investment.
The property’s location in such a coveted area significantly enhances its value and investment potential. With Berkeley’s strong rental demand and limited housing supply, this property is well-positioned to provide consistent returns. Its desirable location, combined with the recent upgrades and superior parking amenities, ensures that it will remain attractive to tenants for years to come, offering investors both stability and growth in a competitive market.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,406,450
Price Per Unit £240,645
Sale Type Investment
Net Initial Yield 4.23%
Gross Rent Multiplier 14.9
No. Units 10
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.24 AC
Building Size 6,361 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1943/2010
Parking Ratio 1.57/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Kitchen
  • Refrigerator
  • Oven
  • Dining Room

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 9 - 617
2+1 1 - 812
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 058-2126-015-00
  • 058-2126-016-00
Land Assessment
£60,154
Improvements Assessment
£100,257
Total Assessment
£160,412
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code RM-2 (Multi-Family Dwelling)
RM-2 (Multi-Family Dwelling)
  • Listing ID: 33194466

  • Date on Market: 16/09/2024

  • Last Updated:

  • Address: 1744 10th St, Berkeley, CA 94710

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