1734 Spruce St
Multifamily | 7 Units | $441,429/unit
Marketing description
Presenting 1734 Spruce Street — a fully renovated 7-unit multifamily investment located just one block from the northern edge of UC Berkeley. This rare turnkey opportunity offers strong in-place income, modernized units, and minimal deferred maintenance in one of Berkeley’s most in-demand rental markets.
The property has undergone over $900,000 in capital improvements, with five of the seven units fully renovated to contemporary standards, providing a strong blend of stability and upgraded living spaces.
Set on a generous lot with future development potential, the asset also offers opportunities for ADU expansion, creating additional upside and long-term income growth.
Ideally positioned near UC Berkeley, with consistent tenant demand and strong rental fundamentals, 1734 Spruce Street represents a rare chance to acquire a high-performing, turnkey multifamily asset in a premier location.
Investment highlights
7-unit turnkey multifamily just one block from UC Berkeley
5.24% cap rate | 12.24 GRM with strong in-place income
Over $900,000 in capital improvements with 5 fully renovated units
ADU development potential on large lot for additional upside
Prime Berkeley location with strong student and professional rental demand
Minimal deferred maintenance and stable long-term asset
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