Seven-Unit Apartment
For Sale
$2,798,000
1728 7th St, Berkeley, CA 94710
Multifamily property with refreshed exterior improvements and upgraded interiors across five residences.
Property Size4,512 SF
Price / SF$620.12
Days on Market84
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
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Exitrealty
Added: Jun 9
Changed: Aug 30
Last Checked: Aug 30 at 7:42PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,680
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.53M – $2.04M
NOI $122,149 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 $2,798,000.
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
