1744 10th St
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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.
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 | Apartment Style | Low Rise |
Price Per Unit | £240,645 | Building Class | B |
Sale Type | Investment | Lot Size | 0.24 AC |
Net Initial Yield | 4.23% | Building Size | 6,361 SF |
Gross Rent Multiplier | 14.9 | Average Occupancy | 100% |
No. Units | 10 | Number of Floors | 2 |
Property Type | Residential | Year Built/Renovated | 1943/2010 |
Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
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 |
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Walk Score ®
Walker's Paradise (95)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
Parcel Numbers | Total Assessment | £160,412 | |
Land Assessment | £60,154 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £100,257 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
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) |
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1744 10th St
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