1744 Tenth Street, a 10-unit apartment building in Berkeley, California.
This split-level property sits on a desirable corner quarter acre lot, near the upscale and bustling 4th Street shopping center and University Avenue.
The building features nine 1-bed/1-bath units and one 2-bed/1-bath unit.
There is significant value-add potential, including rental upside and space for accessory dwelling unit conversions.
Residents will enjoy the convenient location, just a short walk to a variety of amenities.
The Berkeley multifamily submarket is one of the largest in the East Bay metro, with over 16,000 units, and has several reliable demand drivers.
Berkeley benefits from the presence of the University of California, which creates a constant stream of renters, as well as from renters looking for an urban experience without the premium cost of living in San Francisco.
The submarket is skewed toward renters, who account for nearly 60% of households, which is significantly above the metro average of 40%.
In addition, Berkeley has continued to benefit from population growth, adding about 10,000 residents from 2010–20, a gain of over 8%.
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