Listed by Marcus & Millichap - Palo Alto
$3,840,000
1526 Arch Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,282
Units 10
Cap Rate 4.91%
Pro-Forma Cap Rate 6.37%
Price per SqFt $414
Year Built 1938
Multifamily | 10 Units | $384,000/unit
Marketing description
Marcus & Millichap is pleased to present 1526 Arch Street, a 10-unit apartment community in the highly sought-after North Berkeley neighborhood. Built in 1938, the property features a well-balanced unit mix of one studio, five one-bedroom units, three two-bedroom units, and one three-bedroom unit. Currently operating with three vacant units, the asset offers immediate value-add potential through renovations and lease up to market rents. Amenities include four garage spaces, six covered carports, and on-site laundry. With its classic 1930s character and strong fundamentals, 1526 Arch Street presents a rare opportunity to acquire a value-add asset just a 10-minute walk from UC Berkeley.
Listing Contacts
Listed by Marcus & Millichap - Palo Alto
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