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1917 6th St 12 Unit Apartment Building $4,240,821 CAD ($353,402 CAD/Unit) 5.35% Cap Rate Berkeley, CA 94710
INVESTMENT HIGHLIGHTS
- Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the East Bay.
- The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave.
- The subject property is nearby many of the nation's top employers including Twitter, Uber, Tesla, Google, Apple, Facebook as well as many others.
- 1917 Sixth St gives investors the opportunity to assume the existing loan at a low 2.905% yearly interest rate with a (30) year amortization schedule.
- 1917 Sixth St offers tenants and residents easy access to California 24, Interstate 580, The Bay Bridge and BART Downtown Berkeley Station.
EXECUTIVE SUMMARY
1917 Sixth St is a stunning 12-unit apartment community located in the thriving city of Berkeley, California.
Situated on a parcel of land totaling 11,600 square feet, the subject property was originally constructed in 1964 and has a gross building area of 8,184 square feet offering its tenants beautifully designed two-bedroom floor plans.
The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally.
Berkeley is a major transportation hub with several Bay Area rapid transit system (BART) stops and is intersected by several interstate freeways. Residents in Berkeley have convenient commuting options to San Francisco and the greater Bay Area providing close proximity to many of the nation's top tech employers including Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others.
The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1917 Sixth St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Situated on a parcel of land totaling 11,600 square feet, the subject property was originally constructed in 1964 and has a gross building area of 8,184 square feet offering its tenants beautifully designed two-bedroom floor plans.
The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally.
Berkeley is a major transportation hub with several Bay Area rapid transit system (BART) stops and is intersected by several interstate freeways. Residents in Berkeley have convenient commuting options to San Francisco and the greater Bay Area providing close proximity to many of the nation's top tech employers including Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others.
The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1917 Sixth St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,240,821 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $353,402 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.35% | Building Size | 8,184 SF |
| Gross Rent Multiplier | 11.74 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Medium Density Residential | ||
| Price | $4,240,821 CAD |
| Price Per Unit | $353,402 CAD |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| Gross Rent Multiplier | 11.74 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 8,184 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3 - Medium Density Residential |
AMENITIES
SITE AMENITIES
- Laundry Service
- Smoke Free
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | 700 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 057-2096-014-02 | Total Assessment | $4,207,433 CAD (2025) |
| Land Assessment | $1,398,733 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,808,700 CAD (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
057-2096-014-02
Land Assessment
$1,398,733 CAD (2025)
Improvements Assessment
$2,808,700 CAD (2025)
Total Assessment
$4,207,433 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022
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1917 6th St
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