2220 Seventh St Berkeley, CA 94710

2220 Seventh St, Berkeley, CA, 94710

$1,020,000

For Sale

$1,020,000

2 units in one two-story building

Property Size3,600 SF

Lot Size0.08 Acres

Price / SF$283.33

Days on Market542

Property Features for 2220 Seventh St

General Information

Standard status: Active
Property type: Residential income homes, Other residential income properties, Multifamily properties, Investment properties, Residential income properties
Size: 3,600 SF
Elevators: N/A
Lot size: 0.08 Acres

Building Details

Year Built: 1904
Buildings: 1
Stories: 2
Units: 2

Listing Office

Listed by Emil

Added: Jan 23, 2025 Checked: Mar 16 at 9:06 am

Investment Insights

Based on property information with market context.

This two-story duplex, constructed in 1907, is situated in Berkeley, California. The property features two units within a 3600-square-foot building on a 0.08-acre lot. Its location offers convenient access to the 4th Street shopping center and the North Berkeley BART station. The property includes a parking area with two parking spaces. This property is an investment opportunity for buyers seeking a well-located property in a Berkeley neighborhood. Its proximity to public transportation and shopping makes it an attractive option for renters, promising rental income potential.

Key Highlights

City
BERKELEY
Building Type

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$123.1k	$34.20
− Vacancy	−$6.4k	−$1.78
EGI	$116.7k	$32.42
− OpEx	−$35.0k	−$9.73
NOI	$81.7k	$22.70

3,600 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,702 @ 7.0% cap · market cap 8.01%

Second Best

Apartment 5plus

$1.02M

$894.4K – $1.19M (±1% cap)

NOI $71,553 @ 7.0% cap · market cap 7.02%

Theoretical Best

Specialty Retail

$1.39M

$1.22M – $1.62M (±1% cap)

NOI $97,459 @ 7.0% cap · market cap 9.55%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

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