Two-Unit
For Sale
$899,000
1515 Blake St, Berkeley, CA 94703
The property contains one one-bedroom unit and one two-bedroom unit, each with one bathroom.
Property Size1,768 SF
Price / SF$508.48
Days on Market185
Property Features for 1515 Blake St
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Duplex
Site & Location
Neighborhood
South Berkeley
Public Transit
Yes
Units
Unit Mix
1 x 1BD/1BA, 1 x 2BD/1BA
Multifamily Units
2
Building Details
Building Size
1,768 SF
Year Built
1924
Listing Agency:
Kai Real Estate
Listed By:
Nkosi Groover
(510) 421-9132
Source:
District-homes
Added: Apr 27
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kai Real Estate
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Investment Insights
Based on property information with market context.
This 1,768-square-foot duplex was built in 1924 and comprises two residences: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. Its Home Energy Score is 5, describing the property’s current energy performance.
Located in South Berkeley, the property is near dining, retail, parks, and BART. The two-unit configuration and bedroom mix define the existing residential layout.
Located in South Berkeley, the property is near dining, retail, parks, and BART. The two-unit configuration and bedroom mix define the existing residential layout.
Key Highlights
- Two units: one 1BD/1BA and one 2BD/1BA
- 1,768 square feet
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,125
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,500
$802.5K
Cap Rate 7%
$573,214
$573.2K
Cap Rate 9%
$445,833
$445.8K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$60.5K $34.20/SF
− Vacancy
−$3.1K −$1.78/SF
EGI
$57.3K $32.42/SF
− OpEx
−$17.2K −$9.73/SF
NOI
$40.1K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,500
Cap Rate 7%
$573,214
Cap Rate 9%
$445,833
Alternative Uses
Best Use
Multifamily LT 5
$573.2K
$501.6K – $668.8K
NOI $40,125 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$502.0K
$439.3K – $585.7K
NOI $35,141 @ 7.0% cap · market cap 3.91%
Theoretical Best
Specialty Retail
$683.8K
$598.3K – $797.7K
NOI $47,863 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 94703, CA
20,805
Population
9,654
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
16,004
Density / Sq Mi
$108,922
Median Household Income
$66,261
Median Earnings
$2,257
Median Rent
$1,273,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains one one-bedroom unit and one two-bedroom unit, each with one bathroom.
Where is this duplex located?
The property is located at 1515 Blake St Berkeley, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two units: one 1BD/1BA and one 2BD/1BA; 1,768 square feet; Built in 1924
