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1626 Francisco St 10 Unit Apartment Building $3,808,868 CAD ($380,887 CAD/Unit) 5.80% Cap Rate Berkeley, CA 94703
Executive Summary
Marcus & Millichap is pleased to present 1626 Francisco Street is a 10-unit multifamily property located just blocks from UC Berkeley in one of Berkeley's most desirable rental corridors. The 10,330-square-foot building features a spacious unit mix of two 3-bedroom, 2-bath units and eight 2-bedroom, 1-bath units, along with nine garage parking spaces and on-site laundry. The property is fully occupied and individually metered for gas and electricity. Current rents are approximately 28% below market, presenting a clear value-add opportunity to increase income as units turn. With its large unit sizes, strong tenant demand near campus, and close proximity to North Berkeley BART and the Gourmet Ghetto, 1626 Francisco Street offers investors a well-located Berkeley asset with meaningful upside.
Property Facts
| Price | $3,808,868 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $380,887 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.80% | Building Size | 9,972 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 95% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R2, Berkeley | ||
| Price | $3,808,868 CAD |
| Price Per Unit | $380,887 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,972 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R2, Berkeley |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 800 |
| 3+2 | 2 | - | 1,200 |
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Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | 058-2158-032-01 | Improvements Assessment | $1,765,875 CAD |
| Land Assessment | $939,825 CAD | Total Assessment | $2,705,700 CAD |
Property Taxes
Parcel Number
058-2158-032-01
Land Assessment
$939,825 CAD
Improvements Assessment
$1,765,875 CAD
Total Assessment
$2,705,700 CAD
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1626 Francisco St
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