$2,100,000

This well-located seven-unit apartment offering at 1728 7th Street, Berkeley, CA benefits from a superb location offering easy access to UC Berkeley, nearby employment centers, and some of the trendiest neighborhood hotspots of Berkeley and the East Bay. The complex has been held by the same ownership for over 26 years and the building benefits from both interior and exterior upgrades that offer a turn-key investment in an irreplaceable location for the new owner. The property boasts a Walkscore of 94, “A Walker’s Paradise” and has a history of near 100% occupancy due to the allure it offers tenants of nearby employment, nearby education, and nearby entertainment. Constructed circa 1963 of wood frame with stucco siding, on a concrete slab foundation, the low maintenance building sits on a large 6,000 square foot lot (per public records). The property has well laid out and spacious floorplans with two, one-bedroom/one-bath and five, two-bedroom/one-bath apartments. Tenants enjoy an on-site laundry room, and all units are separately metered for gas and electricity. The owner recently upgraded the electrical breaker panels, and high-end interior renovations were completed on units B and C as permitted upon tenant turnover. Below market rents with 33% rental upside.