Seven-Unit Apartment
For Sale
$2,768,000
1728 7th St, Berkeley, CA 94710
Multifamily property with refreshed exterior improvements and upgraded interiors across five residences.
Property Size4,512 SF
Price / SF$613.48
Days on Market105
Property Features for 1728 7th St
General Information
Standard status
Active
Size
4,512 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
5 x 2BR, 2 x 1BR
Multifamily Units
7
Amenities
gated automatic entry
Building Details
Year Built
1963
Listing Agency:
HOMECOIN.COM
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Exitrealty
Added: Jul 4
Changed: Oct 15
Last Checked: Oct 14 at 8:56PM
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 HOMECOIN.COM
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Investment Insights
Based on property information with market context.
This 1963 apartment property contains seven units, including five two-bedroom residences and two one-bedroom residences. Recent exterior work includes replacement of the electric main, a new roof, gated automatic entry, new tile, driveway improvements, and fresh paint. Five units feature upgraded interiors with real hardwood floors, double-pane windows, and recessed lighting.
The property is located at 1728 7th St in Berkeley, with convenient access to I-80. It is also near Fourth Street’s pedestrian-oriented shopping district, restaurants, specialty shops, the Berkeley Marina, BART, and UC Berkeley.
The property is located at 1728 7th St in Berkeley, with convenient access to I-80. It is also near Fourth Street’s pedestrian-oriented shopping district, restaurants, specialty shops, the Berkeley Marina, BART, and UC Berkeley.
Key Highlights
- 7‑unit apartment property with 5 two‑bedroom units and 2 one‑bedroom units
- New electric main, roof, gated automatic entry, tile, driveway, and exterior paint
- Five residences upgraded with real hardwood flooring, double‑pane windows, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,680
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,793,600
$1.8M
Cap Rate 7%
$1,281,143
$1.3M
Cap Rate 9%
$996,444
$996.4K
Market Conditions
NOI Build-Up for 4,512 SF
Gross rent
$171.6K $38.04/SF
− Vacancy
−$8.6K −$1.90/SF
EGI
$163.1K $36.14/SF
− OpEx
−$73.4K −$16.26/SF
NOI
$89.7K $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%
$1,793,600
Cap Rate 7%
$1,281,143
Cap Rate 9%
$996,444
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,680 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.53M – $2.04M
NOI $122,149 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 94710, CA
9,552
Population
4,105
Households
2.3
Avg Household Size
38
Median Age
65%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
4,342
Density / Sq Mi
$118,007
Median Household Income
$67,117
Median Earnings
$2,546
Median Rent
$1,084,500
Median Home Value
Check the figures for this property
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 - Multifamily property with refreshed exterior improvements and upgraded interiors across five residences.
Where is this apartment building located?
The property is located at 1728 7th St Berkeley, CA.
What is the asking price?
The asking price for this property is $2,768,000.
What are key features of this property?
This property features: 7‑unit apartment property with 5 two‑bedroom units and 2 one‑bedroom units; New electric main, roof, gated automatic entry, tile, driveway, and exterior paint; Five residences upgraded with real hardwood flooring, double‑pane windows, and recessed lighting
