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    Updated Six-Unit Apartment Building Title is generated by Realmo AI

    1929 Haste St, Berkeley, CA 94704

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    For Sale
    $1,995,000

    Six-unit apartment building near UC campus with updated interiors.

    Type:Commercial
    Property size:
    3,772 SF
    Price / SF:
    $528/SF
    Added:
    Apr 2, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 2 at 8:10 pm

    Property Features for 1929 Haste St

    General Information

    Standard status
    Active
    Size
    3,772 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1913

    We can help!

    Listing Contact
    DEVIN RATOOSH

    Listing agent DEVIN RATOOSH

    Listing office RED OAK REALTY

    Listing date Apr 2, 2026

    Source Corcoran

    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 RED OAK REALTY

    HighLights

    • Four of six units delivered vacant, allowing for immediate market‑rent lease‑up or owner‑occupancy options.
    • Projected stabilized gross income of $175,800 annually.
    • Updated interiors with granite countertops, stainless steel appliances, modern cabinetry, tiled bathrooms, and refinished flooring.
    • Seismic upgrades: Main building has a modern steel‑reinforced concrete foundation with substantial seismic bracing; rear units also structurally updated.
    • Two detached cottage‑style units with separate entries, private patios, and covered porch access.
    • Updated major building systems: recent roof, updated electrical wiring and plumbing.

    Overview

    This well-maintained six-unit apartment building, constructed in 1913 and updated throughout, is located on a tree-lined block near the UC campus and downtown. The property includes a two-story main building with four units, as well as two detached cottage-style units that face a shared flagstone courtyard featuring landscaping. The interiors have been renovated to include granite countertops, stainless steel appliances, modern cabinetry, tiled bathrooms, and refinished hardwood and laminate flooring. The rear cottages have separate entries, private exterior patios, and covered porch access off the landscaped garden. The main building sits on a modern steel-reinforced concrete foundation with seismic bracing, and the rear units have also had structural updates. Other updates include a recent composition shingle roof, and updated electrical wiring and plumbing. Four of the six units are delivered vacant, providing immediate control over lease-up at market rents or the option to live together with close friends or family. The property size is 3772 square feet. Projected stabilized gross income is $175,800 annually.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2710279
    Latitude
    37.8646823

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building near UC campus with updated interiors.
    Where is this apartment building located?
    The property is located at 1929 Haste St Berkeley, CA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Four of six units delivered vacant, allowing for immediate market‑rent lease‑up or owner‑occupancy options.; Projected stabilized gross income of $175,800 annually.; **Updated interiors with granite countertops, stainless steel appliances, modern cabinetry, tiled bathrooms, and refinished flooring.**
    (510) 527-5500
    We can help!
    Listing Contact
    DEVIN RATOOSH
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1929 Haste St, BERKELEY, CA 94704
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