1628 Tyler St 7 Unit Apartment Building $3,524,698 CAD ($503,528 CAD/Unit) 6.64% Cap Rate Berkeley, CA 94703

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1628-1630 Tyler St consists of two well-maintained buildings on a single lot, offering a unique combination of a front-facing triplex (1628) and a rear 4-plex (1630). With a total of seven units, the property features a diverse mix that caters to a wide range of tenants: one 4-bedroom, 2-bath unit, one 3-bedroom, 2-bath unit, one 3-bedroom, 1-bath unit, and four 1-bedroom, 1-bath units. The property has undergone significant capital improvements—over $800,000 since 2019—resulting in fully renovated units that boast contemporary, high-end finishes, making it a highly attractive offering for both current and prospective tenants.
Situated in the desirable Ashby neighborhood of Berkeley, this property benefits from a prime location with excellent access to local amenities, shops, dining, and entertainment. The area remains in high demand for rental properties, ensuring strong tenant retention and long-term stability. With a Walk Score of 88 and a Bike Score of 98, residents can easily access everything they need without the necessity of a car. Additionally, the property is located just a 10-minute walk from the Ashby BART station and a 10-minute bike ride to the University of California, Berkeley, offering tenants exceptional public transit connectivity.
With 5,200 square feet of rentable living space on a 6,750 square foot lot, this property is well-positioned to generate consistent cash flow. The current owner has maintained strong rental income while implementing strategic renovations to enhance tenant appeal. With an opportunity to increase the Net Operating Income (NOI) by up to 15%, this property presents significant upside potential for investors seeking both immediate returns and long-term value growth. Whether you are looking to add a turnkey asset to your portfolio or capitalize on future rent increases, this property is an outstanding investment opportunity in one of Berkeley’s most sought-after neighborhoods.

- Two Buildings on One Lot: The property consists of a front-facing triplex (1628) and a rear 4-plex (1630), providing a diverse mix of unit configurations.
- Significant Capital Improvements: Over $800,000 invested in capital improvements since 2019, with 5 of 7 units fully renovated to feature modern, high-quality finishes.
- Diverse Unit Mix: The property offers an attractive unit mix, including one 4-bedroom, 2-bath unit; one 3-bedroom, 2-bath unit; one 3-bedroom, 1-bath unit; and four 1-bedroom, 1-bath units, catering to a wide range of tenant demographics.
- Generous Rentable Space: Spanning 5,200 square feet of rentable living space on a 6,750 square foot lot, the property maximizes potential rental income while offering spacious living accommodations for tenants.
- Prime Location in Ashby Neighborhood: Situated in the sought-after Ashby area of Berkeley, this property benefits from long-term tenant demand and is within close proximity to key amenities, creating a stable rental market.
- Exceptional Walkability and Bikeability: With a Walk Score of 88 and a Bike Score of 98, tenants enjoy easy access to local shops, restaurants, and entertainment options without the need for a vehicle.
- Proximity to Public Transit: Just a 10-minute walk to Ashby BART Station and a 10-minute bike ride to the University of California, Berkeley, providing convenient transportation options for residents.
- Strong Cash Flow Potential: The property is currently generating strong in-place rental income with an opportunity to increase Net Operating Income (NOI) by up to 15%, offering potential for significant value enhancement.