1722 Walnut StBerkeley, CA 94709

Property Details for 1722 Walnut St

Year built

1927

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

6,020 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

58-2177-6

APU

5821776

Description

This exceptional investment opportunity presents a 10-unit apartment building located at 1722 Walnut St, Berkeley, CA 94709. The property, built in 1927, boasts 6,020 square feet on a 5,450 square foot lot and is zoned R-4. Currently operating at 90% occupancy, the building generates a substantial net operating income (NOI) of $189,658, representing a 5.58% capitalization rate. Each of the ten units features one bedroom and one bathroom, with four units showcasing upgraded, open-concept kitchens. All units retain original hardwood floors. The building includes on-site coin-operated laundry facilities and a shared backyard. The asking price is $3,398,000, or $339,800 per unit. All furniture is included in the sale. Meticulously maintained for 37 years by the same owner, this property offers a flexible investment strategy, allowing for continued furnished rentals or renovations to maximize returns as units become vacant. Its prime location near UC Berkeley in a highly desirable neighborhood makes this a rare and compelling investment opportunity. The Alameda County Assessor's Parcel Number (APN) is 58-2177-6. This is a Class B multifamily property, ideal for owner-users. The building is a two-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $2,537,900

  6.5%

  $2,342,676

  7%

  $2,175,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,350,856

  Geo Method

  $2,602,509

• Alternative Use

  Use

  Valuation

  Residential

  $2,342,676

  Hospitality

  $2,145,879

  Educational

  $1,785,346

  Medical

  $1,846,747

  Retail

  $2,777,205

Location Insight

City

Berkeley

County

Alameda

State

California

Latitude

37.8762

Longitude

-122.268

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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