4-Unit Berkeley Apartment
1900 Woolsey Street, Berkeley, CA 94703
For Sale
$1,899,000
Four one-bedroom apartments include a detached garage and separate entrances for each residence.
Property Size2,556 SF
Price / SF$742.96
Days on Market62
Property Features for 1900 Woolsey Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
hardwood floors
wall-mounted heaters
backyard
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Craig Ackerman
Source:
Gantproperties
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 8 at 3:10PM
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 Compass
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Investment Insights
Based on property information with market context.
This 2,556-square-foot, 4-unit apartment property was built in 1943 and contains four 1-bedroom, 1-bathroom residences. Three units have been renovated in recent years. Interior features include hardwood floors and wall-mounted heaters. Two apartments are on the ground floor and two are upstairs, with each residence offering a separate entrance and a second exit to the backyard. A detached garage and fenced rear yard are also part of the property.
The building is located across from the Ashby BART station in Berkeley. The South Berkeley Farmers’ Market, cafes, and dining and shopping on Adeline Street and Shattuck Avenue are nearby. Upper-floor apartments have views of the Ed Roberts Campus.
The building is located across from the Ashby BART station in Berkeley. The South Berkeley Farmers’ Market, cafes, and dining and shopping on Adeline Street and Shattuck Avenue are nearby. Upper-floor apartments have views of the Ed Roberts Campus.
Key Highlights
- Four 1‑bedroom, 1‑bathroom apartments
- 2,556 square feet; built in 1943
- Three units renovated in recent years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,009
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,180
$1.2M
Cap Rate 7%
$828,700
$828.7K
Cap Rate 9%
$644,544
$644.5K
Market Conditions
NOI Build-Up for 2,556 SF
Gross rent
$87.4K $34.20/SF
− Vacancy
−$4.5K −$1.78/SF
EGI
$82.9K $32.42/SF
− OpEx
−$24.9K −$9.73/SF
NOI
$58.0K $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%
$1,160,180
Cap Rate 7%
$828,700
Cap Rate 9%
$644,544
Alternative Uses
Best Use
Multifamily LT 5
$828.7K
$725.1K – $966.8K
NOI $58,009 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 2.68%
Theoretical Best
Specialty Retail
$988.5K
$865.0K – $1.15M
NOI $69,196 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,296
Businesses Nearby
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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
$1,273,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Berkeley, CA
Properties on Market for Quadplexes in Berkeley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments include a detached garage and separate entrances for each residence.
Where is this quadplex located?
The property is located at 1900 Woolsey Street Berkeley, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom apartments; 2,556 square feet; built in 1943; Three units renovated in recent years
