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1728 7th St, Berkeley, CA 94710

Sale Price: $1,790,000
Sep 17, 20244,512 sqft12 beds0 baths
Listed by: Jon Holmquist
License #: 01257479
Phone #: 415-625-2117
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 41073463

Property Description

This impeccably maintained, 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. Unit D minor recent remodel.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$29,172

TurboHome Estimated Value

$1,872,400

$415 sqft

High Valuation
$1,966,020
$436/sqft
Normal Valuation
$1,872,400
$415/sqft
Low Valuation
$1,778,780
$394/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$415/sqft$1,872,400

Neighborhood

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Comparative Value

$1.79M

$1.80M

1728 7th St, Berkeley, CA 94710

Sale Price: $1,790,000

Selected Comparable

1728 7th St, Berkeley, CA 94710

List Price: $1,800,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1728 7th St, Berkeley, CA 94710

1728 7th St, Berkeley, CA 94710

List: $1,800,000

Listed: 9/17/2024

Area:4,512 sqft
Price/sqft:$399
Beds:12
Baths:
Year Built:
Lot Size:6,000

Comparable Properties

COMPARABLE
Choose comps
1728 7th St, Berkeley, CA 94710

1728 7th St, Berkeley, CA 94710

Sale: $1,790,000

10/14/20240.00 mi

Area:4,512 sqft
Price/sqft:$397
Beds:12
Baths:
Year Built:
Weight:100.0%

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