10-Unit Apartment Building Near UC
For Sale
$3,398,000
1722 Walnut St, Berkeley, CA 94709
Fully leased furnished apartments include on-site laundry and a shared backyard.
Property Size6,020 SF
Days on Market47
Property Features for 1722 Walnut St
General Information
Standard status
Active
Size
6,020 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
10 x 1BR/1BA
Multifamily Units
10
Additional Details
Furnished
Yes
Public Transit
Yes
Amenities
on-site coin-operated laundry
shared backyard
Building Details
Building Size
6,020 SF
Year Built
1927
Buildings
1
Units
10
Tenancy
Multi
Listing Agency:
Kite Hill Real Estate
Listed By:
Jatin Mehta · License #02045713
(415) 795-2797
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 16 at 6:15AM
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 Kite Hill Real Estate
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Investment Insights
Based on property information with market context.
Located at 1722 Walnut St in Berkeley’s North Berkeley area, this 1927 apartment building contains ten one-bedroom, one-bath units. The apartments are currently leased as furnished rentals, and the sale includes the furniture. The property has been maintained by the same owner for 37 years and includes original hardwood flooring throughout the units, along with a sunny shared backyard and coin-operated laundry facilities.
The building is positioned near UC Berkeley, placing it within close reach of the university and the surrounding academic and cultural district. Four apartments have upgraded open-concept kitchens. Future ownership can continue the furnished rental operation or renovate units as they become available and lease them at market rates, providing flexibility in how the property is operated.
The building is positioned near UC Berkeley, placing it within close reach of the university and the surrounding academic and cultural district. Four apartments have upgraded open-concept kitchens. Future ownership can continue the furnished rental operation or renovate units as they become available and lease them at market rates, providing flexibility in how the property is operated.
Key Highlights
- Ten one‑bedroom, one‑bath apartments in a 1927 building
- Fully leased furnished rentals with furniture included in the sale
- Located near UC Berkeley at 1722 Walnut St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,653
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,060
$2.4M
Cap Rate 7%
$1,709,329
$1.7M
Cap Rate 9%
$1,329,478
$1.3M
Market Conditions
NOI Build-Up for 6,020 SF
Gross rent
$229.0K $38.04/SF
− Vacancy
−$11.5K −$1.90/SF
EGI
$217.6K $36.14/SF
− OpEx
−$97.9K −$16.26/SF
NOI
$119.7K $19.88/SF
Area
Berkeley, CA
Vacancy
5.00%
Lease Rate
$38.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,060
Cap Rate 7%
$1,709,329
Cap Rate 9%
$1,329,478
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.50M – $1.99M
NOI $119,653 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $162,973 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,620
Businesses Nearby
Explore this area
Business Placement
Demographics for 94709, CA
12,514
Population
6,139
Households
2
Avg Household Size
29
Median Age
80%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
17,877
Density / Sq Mi
$95,223
Median Household Income
$42,958
Median Earnings
$1,988
Median Rent
$1,240,500
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?
Apartment building - Fully leased furnished apartments include on-site laundry and a shared backyard.
Where is this apartment building located?
The property is located at 1722 Walnut St Berkeley, CA.
What is the asking price?
The asking price for this property is $3,398,000.
What are key features of this property?
This property features: Ten one‑bedroom, one‑bath apartments in a 1927 building; Fully leased furnished rentals with furniture included in the sale; Located near UC Berkeley at 1722 Walnut St
