New
For Sale
$1,498,000
1915 Berryman St, Berkeley, CA 94709
Triplexes
Property Size1,972 SF
Days on Market7
Property Features for 1915 Berryman St
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Triplex
Building Details
Building Size
1,972 SF
Year Built
1900
Listing Agency:
The GRUBB Company
Listed By:
Sheila Sabine · License #01028547
(510) 326-5055
Source:
Annnewtoncane
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 4:20AM
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 The GRUBB Company
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,755
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,100
$895.1K
Cap Rate 7%
$639,357
$639.4K
Cap Rate 9%
$497,278
$497.3K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$67.4K $34.20/SF
− Vacancy
−$3.5K −$1.78/SF
EGI
$63.9K $32.42/SF
− OpEx
−$19.2K −$9.73/SF
NOI
$44.8K $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%
$895,100
Cap Rate 7%
$639,357
Cap Rate 9%
$497,278
Alternative Uses
Best Use
Multifamily LT 5
$639.4K
$559.4K – $745.9K
NOI $44,755 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$559.9K
$489.9K – $653.3K
NOI $39,195 @ 7.0% cap · market cap 2.62%
Theoretical Best
Specialty Retail
$762.7K
$667.3K – $889.8K
NOI $53,386 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,979
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
Where is this triplex located?
The property is located at 1915 Berryman St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,498,000.
