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1011-1013 Delaware St 5 Unit Apartment Building $2,784,860 CAD ($556,972 CAD/Unit) 6.48% Cap Rate Berkeley, CA 94710

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INVESTMENT HIGHLIGHTS

  • Close to everything in Berkeley's Ocean View district and all transportation options

EXECUTIVE SUMMARY

Wonderful 5 unit Building ready for the new owner and vision. Two 3 bedroom units. Three 1 bedroom units. 3 units delivered vacant. Laundry room. 6th unit ready for ADU approval. All units are separated meters water/electric/gas. Great location close to all transportation options. Owner parking and storage.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $243,728 $78.67
Other Income $698 $0.23
Vacancy Loss - -
Effective Gross Income $244,426 $78.90
Taxes $41,878 $13.52
Operating Expenses $11,167 $3.60
Total Expenses $53,045 $17.12
Net Operating Income $191,381 $61.78

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual $243,728
Annual Per SF $78.67
Other Income (CAD)
Annual $698
Annual Per SF $0.23
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $244,426
Annual Per SF $78.90
Taxes (CAD)
Annual $41,878
Annual Per SF $13.52
Operating Expenses (CAD)
Annual $11,167
Annual Per SF $3.60
Total Expenses (CAD)
Annual $53,045
Annual Per SF $17.12
Net Operating Income (CAD)
Annual $191,381
Annual Per SF $61.78

PROPERTY FACTS

Price $2,784,860 CAD
Price Per Unit $556,972 CAD
Sale Type Investment
Cap Rate 6.48%
Sale Conditions
1031 Exchange
  • High Vacancy Property
Gross Rent Multiplier 11.4
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.11 AC
Building Size 3,098 SF
Average Occupancy 30%
No. Stories 2
Year Built 1960
Parking Ratio 0.97/1,000 SF
Zoning R1-A - Two residential Buildings on one lot

AMENITIES

UNIT AMENITIES

  • Eat-in Kitchen

SITE AMENITIES

  • Laundry Facilities
  • Smoke Free
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 - -
3+1 2 - -
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (98)
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 Number
058-2126-017-00
Land Assessment
$764,079 CAD
Improvements Assessment
$1,075,088 CAD
Total Assessment
$1,842,874 CAD
Annual Taxes
$41,878 CAD ($13.52 CAD/SF)
Tax Year
2025
  • Listing ID: 37543607

  • Date on Market: 2025-09-04

  • Last Updated:

  • Address: 1011-1013 Delaware St, Berkeley, CA 94710

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