1504 10th Street, Berkeley, CA 94710

Property Description

The offering presents 1504 10th Street, Berkeley, CA, a well-maintained 6-unit multifamily property comprising 6 1-bedroom, 1-bathroom units. The 3,194 sq. ft. building sits on a 0.20-acre lot and is currently 67% occupied. Built in 1926, the property offers a prime location near UC Berkeley and is within walking distance of restaurants, shops, and public transit. With below-market rents, there is a significant value-add opportunity to increase rents to market rates and improve occupancy. The current rent roll totals $11,627/month, with a pro forma rent roll of $14,400/month, representing a 19% upside. The current cap rate is 5.90%, with a proforma cap rate of 7.90%, indicating strong potential for future returns.

Listing Status:

Active

Date Added:

March 30, 2026

Data Last Updated:

May 20, 2026 at 7:16AM

Listing Office:

Marcus & Millichap : 415-625-2160

Listing Agent:

Emil Jellinek : 510-384-1417

MLS ID:

41129017

Interior

• A/C: See Remarks
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 2

Construction

• Roofing: Shingle

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CCBE
• County: Alameda

Lot

• Zoning: 5923117

Financial

• Source: CRMLS_CCBE