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24380789
24380790

1744 10th St & 1023 Delaware St, Berkeley, CA 94710

PR
CA 02168750
VKREA Commercial
Listed by VKREA Commercial
$2,999,900
349 days on market
Updated 14 days ago

1744 10th St & 1023 Delaware St

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 6,365
Units 10
Cap Rate 4.65%
NOI $139,634
Pro-Forma Cap Rate 7.05%
Pro-Forma NOI $211,634
Class B
Year Built 1943
Buildings 4
Lot Size (SqFt) 10,500
Parking Spaces 10 spaces
Investment Type Value Add
Sale Condition 1031 exchange

Two Parcels, One Deal. Generous Lot with ADU Potential for Added Income.

Marketing description

VKRea Commercial is proud to exclusively present 1023 Delaware Street and 1744 10th Street — a 10-unit multifamily portfolio located in the highly sought-after West Berkeley neighborhood. This rare opportunity offers long-term appreciation potential in one of Northern California’s most dynamic rental markets. This deal includes two separate parcels with distinct addresses, both located on the same property and being sold together as part of a single transaction.

Built in 1943, these two properties comprise a mix of four buildings with spacious units, including nine one-bedroom/one-bath units and one two-bedroom/one-bath unit, totaling approximately 6,365 rentable square feet. This property is situated on a prominent 10,500-square-foot corner lot and features key amenities including spacious garages for parking or storage. The expansive backyard also offers potential for an Accessory Dwelling Unit (ADU), providing an opportunity for additional rental income. The current owners charge for 3 parking spaces. There are a total of 10 parking spaces that can also provide an opportunity for additional income. There is dedicated laundry for two units in their respective garage space. The rest of the units do not have on-site laundry.


The neighborhood is quiet and well maintained. This property is close to many attractions such as Fourth Street Shops, Berkeley Marina, UC Berkeley, Berkeley Bowl, Bart, and I-80 and I-580 freeways.

Investment highlights

  • Additional income potential (parking spaces and spacious ADU in the back lot)

  • Close to popular attractions (Fourth St Shops, Berkeley Marina, UC Berkeley, Berkeley Bowl)

  • Close to major freeways, public transportation, and Oakland/SFO International Airports

  • Quiet and clean neighborhood

  • Beautiful curb appeal

  • Spacious property

  • Well-maintained

  • Vacancy for 1 bedroom/1 bathroom coming in December 2025 — opportunity for additional income

  • Rent increases effective January 2026 (Total rent has increased to $16,674)

  • As of January 1, 2026 we have a vacancy in one 1 bedroom/1 bathroom unit.

  • Rent plus parking monthly total: $17,450

Listing Contacts

PR
CA 02168750
VKREA Commercial
Listed by VKREA Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,634.00
$11,636.17/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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Additional Information

Name
Prina Randhawa
License
02168750
Brokerage
VK Rea Commercial
Brokerage Phone
949-636-5886
Title
Commercial Realtor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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