10-Units | North Berkeley

Investment Overview

1722 Walnut St is a rare opportunity to acquire an apartment building in North Berkeley consisting of ten 1 bed, 1 bath units. The building is currently fully leased as furnished rentals, providing a strong in-place income stream, with all furniture included in the sale. Located just steps from UC Berkeley, the property offers a highly desirable location in one of the nation’s top academic and cultural hubs. The property offers a flexible investment strategy for the next owner. As units become vacant, there is the option to renovate and lease at market rates or continue the existing furnished rental model for maximum returns. Four of the units already feature upgraded, open-concept kitchens, enhancing tenant satisfaction, while all units retain beautiful original hardwood floors, lending charm and character. Additionally, the building includes convenient on-site coin-operated laundry facilities and a sunny shared backyard for tenants to enjoy. Meticulously maintained by the same owner for 37 years, the building is in excellent condition. With its unbeatable location near UC Berkeley, steady rental income, and the potential to add value through renovations, this property presents a prime investment opportunity in one of Berkeley’s most sought-after neighborhoods.

Investment Highlights

• Rare Investment Opportunity: Since 2021, only 12 properties with 5+ units have sold in North Berkeley, east of Shattuck Avenue, making this a unique chance to invest.
• Strong In-Place Income: The entire building is currently leased as furnished rentals, generating excellent income. All furniture will be included in the sale.
• Flexible Investment Strategy: As units turn vacant, the new owner can either renovate and lease at market rates or continue the profitable furnished rental approach.
• Upgraded Kitchens: Four units feature modern, open-concept kitchens that elevate the living experience.
• Charming Hardwood Floors: Each unit showcases elegant original hardwood floors, adding character and style.
• On-Site Laundry: Convenient coin-operated laundry facilities for tenant use.
• Sunny Outdoor Space: Tenants can unwind in the shared backyard, a perfect spot for relaxation.
• Prime Location: Located just steps from UC Berkeley, the nation's top public university, in a highly desirable area.
• Impeccably Maintained: Lovingly cared for and self managed by the same owner for 37 years, this building is in excellent condition.