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2321-2323 10th Street

$2,075,000

2321-2323 10th Street, Berkeley, CA 94710

Active
Last Updated: 11/03/2022

5,544 sqft

Building Size

0.16 acres

Lot Area

Details:
Building Size:    5,544 sqft
Lot Area:    0.16 acres
Occupancy:    75%
Units:    8
Year Built:    1964
Highlights:
  • 2 of the 8 units will be delivered vacant at the close of escrow
  • All units are separately metered for PG&E, and 4 units are separately metered for water
  • The vacant units can be separately metered for water, leaving utility expense load for new ownership at just garbage, common electricity, and water for 2 units
Description:

The property features six (6) 2 BR/1 BA units and two (2) 1 BR/1 BA units with solid in-place income and immediate upside.

Incoming cap rate of 5.1% with four Section 8 tenants being charged far below the maximum voucher offered by HUD. By simply collecting full Section 8 HUD payments and taking advantage of banked rent increases the cap rate jumps to 6%.

Strong long-term appreciation potential with the Alameda County Transportation Commission set to invest heavily in both infrastructure and public transportation in the area as part of the San Pablo Corridor Project.

Contact agents to arrange a tour.

Strong long-term appreciation potential with the Alameda County Transportation Commission set to invest heavily in infrastructure and public transportation in the immediate area as part of the San Pablo Corridor Project.

Map:
Documents:
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2321_-_2323_10th_Street_Final_OM.pdf
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Today's Available Mortgage Rates

2321-2323 10th Street, Berkeley, California 94710

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/13/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$6,792 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $1,058,250 Loan Amount
Agency*Lender #633
7 Year Fixed
30 Year Amortization
Interest rate 6.06% 7 Year Fixed
Mo. Payment$6,386 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $8,500 Lender fees
Loan Amount $1,058,250 Loan Amount
Agency*Lender #567
10 Year Fixed
30 Year Amortization
Interest rate 6.12% 10 Year Fixed
Mo. Payment$6,175 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 49% LTV $10,000 Lender fees
Loan Amount $1,016,750 Loan Amount
Largest Commercial Real Estate Lending
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