Six-Unit Apartment
For Sale
Contact for pricing
1926 ALCATRAZ AVE, Berkeley, CA 94703
Two-story multifamily property with six one-bedroom residences and shared outdoor space.
Property Size3,066 SF
Lot Size0.10 Acres
Price / SF$538.16
Days on Market11
Property Features for 1926 ALCATRAZ AVE
General Information
Standard status
Active
Size
3,066 SF
Net Rentable
3,066 SF
Lot size
0.10 Acres
Property subtype
Multifamily
Investment Type
Value Add
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Amenities
shared backyard
Building Details
Year Built
1958
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
The Prescott Company
(510) 398-1626
Listed By:
Nolan Jones · License #CA 01509417
Source:
Crexi
Added: Jul 27
Changed: Aug 5
Last Checked: Aug 5 at 6:57AM
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 Prescott Company
Investment Insights
Based on property information with market context.
This two-story apartment property contains six one-bedroom, one-bath residences within approximately 3,066 rentable square feet. Constructed in 1958, the building is accompanied by two parcels totaling approximately 4,149 square feet. Front off-street parking and a common backyard with lawn area provide practical site amenities for residents.
The property is located approximately half a mile from Ashby BART Station, providing rail access toward Oakland, San Francisco, and employment centers across the Bay Area. Shopping, dining, public transportation, and everyday services are available in the surrounding South Berkeley neighborhood.
The property is located approximately half a mile from Ashby BART Station, providing rail access toward Oakland, San Francisco, and employment centers across the Bay Area. Shopping, dining, public transportation, and everyday services are available in the surrounding South Berkeley neighborhood.
Key Highlights
- Six one‑bedroom, one‑bath apartment units
- Approximately 3,066 rentable square feet in a two‑story building
- Built in 1958
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.6k | $38.04 |
| − Vacancy | −$5.8k | −$1.90 |
| EGI | $110.8k | $36.14 |
| − OpEx | −$49.9k | −$16.26 |
| NOI | $60.9k | $19.88 |
3,066 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$870.6K
$761.8K – $1.02M
NOI $60,940 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $83,003 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,141
Businesses Nearby
Explore this area
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
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 - Two-story multifamily property with six one-bedroom residences and shared outdoor space.
Where is this apartment building located?
The property is located at 1926 ALCATRAZ AVE Berkeley, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bath apartment units; Approximately 3,066 rentable square feet in a two‑story building; Built in 1958
