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Berkeley Multifamily Property Near UC

1626 Francisco St, Berkeley, CA 94703

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10-unit multifamily property near UC Berkeley with value-add potential.

Type:Multifamily

Property size:

10,330 SF

Price / SF:

$271/SF

HighLights

Prime location blocks from UC Berkeley in a desirable rental area.
Significant value‑add opportunity with rents 28% below market.
Spacious unit mix: two 3‑bedroom/2‑bath and eight 2‑bedroom/1‑bath units.
Nine garage parking spaces included.
Close proximity to North Berkeley BART and the Gourmet Ghetto.
On‑site laundry facilities.

We can help!

Contact an agent

Eymon Binesh

For Sale

Contact for pricing

10-unit multifamily property near UC Berkeley with value-add potential.

Type:Multifamily

Property size:

10,330 SF

Price / SF:

$271/SF

Added:: Mar 9, 2026
Days on Market:: 112
Last Refresh:: Mar 19 at 10:13 pm

Property Features for 1626 Francisco St

General Information

Standard status: Active
Size: 10,330 SF
Property subtype: Multifamily

Building Details

Year Built: 1964

We can help!

Contact an agent

Eymon Binesh

Listing office Marcus & Millichap - Palo Alto

Listing date Mar 9, 2026

Source Crexi

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 Marcus & Millichap - Palo Alto

HighLights

Prime location blocks from UC Berkeley in a desirable rental area.
Significant value‑add opportunity with rents 28% below market.
Spacious unit mix: two 3‑bedroom/2‑bath and eight 2‑bedroom/1‑bath units.
Nine garage parking spaces included.
Close proximity to North Berkeley BART and the Gourmet Ghetto.
On‑site laundry facilities.

Overview

The property at 1626 Francisco Street is a 10-unit multifamily building located blocks from UC Berkeley. The 10,330-square-foot building contains a unit mix of two 3-bedroom, 2-bath units and eight 2-bedroom, 1-bath units. The property includes 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 value-add opportunity to increase income as units turn. The property is located in one of Berkeley's most desirable rental corridors and is in close proximity to North Berkeley BART and the Gourmet Ghetto, offering investors a well-located asset with upside.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$393.0k	$38.04
− Vacancy	−$19.6k	−$1.90
EGI	$373.3k	$36.14
− OpEx	−$168.0k	−$16.26
NOI	$205.3k	$19.88

10,330 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.93M

$2.57M – $3.42M (±1% cap)

NOI $205,318 @ 7.0% cap · market cap 7.33%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$4.00M

$3.50M – $4.66M (±1% cap)

NOI $279,654 @ 7.0% cap · market cap 9.99%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Berkeley
County: Alameda
State: California
Longitude: -122.2789052
Latitude: 37.8741229

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For sale
Apartment buildings
CA
Berkeley
94703
1626 Francisco St

What type of property is this?

Apartment building - 10-unit multifamily property near UC Berkeley with value-add potential.

Where is this apartment building located?

The property is located at 1626 Francisco St Berkeley, CA.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Prime location blocks from UC Berkeley in a desirable rental area.; **Significant value‑add opportunity with rents 28% below market.**; Spacious unit mix: two 3‑bedroom/2‑bath and eight 2‑bedroom/1‑bath units.