- For Sale $2,475,000
- Property Type Multi-Family
- Property Size 5,200 SF
- Units 7
- Lot Size 0.16 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1910
- Date Updated May 19, 2026
Description
Berkeley presents a unique opportunity for multifamily real estate investors, driven by its combination of educational prestige, vibrant culture, and robust housing demand. Home to the University of California, Berkeley, the city attracts a large and consistent student population, alongside faculty, researchers, and academic professionals who contribute to high rental demand. With limited on-campus housing options, students and staff alike seek nearby apartment rentals, creating a stable tenant base that investors can rely on year after year. For investors, this translates into consistent occupancy rates and an active rental market, where demand for quality housing options shows no signs of slowing.
The city’s commitment to sustainable urban living and community amenities makes Berkeley an appealing choice for a wide range of residents beyond the academic community. Berkeley’s neighborhoods are known for their walkability, rich local culture, and proximity to dining, shopping, and outdoor spaces. This lifestyle appeals to young professionals, families, and retirees who prioritize convenience and quality of life. With these diverse demographics, the multifamily housing market in Berkeley is versatile and highly attractive for investors aiming to cater to a broader tenant base. Additionally, Berkeley's thriving arts and cultural scene, coupled with year-round events, bolsters the city’s desirability, further supporting property value growth and rental stability.
Investment in Berkeley real estate also benefits from the city’s proactive approach to sustainable development and transit improvements. The city is known for policies that prioritize eco-friendly living, such as green building standards and initiatives to reduce carbon emissions. Its extensive public transportation options, including BART and bus lines, connect Berkeley seamlessly to the rest of the Bay Area, attracting tenants who work in surrounding regions. Investors in Berkeley’s multifamily market can leverage these advantages, as properties that align with sustainability standards and offer excellent transit access are in high demand among environmentally conscious tenants. For those focused on long-term growth and high occupancy rates, Berkeley offers a compelling market with enduring appeal.
Scores
Walk Score - 88
Transit Score - 62
Bike Score - 98
Highlights
- Diverse Unit Mix: The property offers an attractive unit mix, including one 4-bedroom, 2-bath unit; one 3-bedroom, 2-bath unit; one 3-bedroom, 1-bath unit; and four 1-bedroom, 1-bath units, catering to a wide range of tenant demographics.
- Exceptional Walkability and Bikeability: With a Walk Score of 88 and a Bike Score of 98, tenants enjoy easy access to local shops, restaurants, and entertainment options without the need for a vehicle.
- Generous Rentable Space: Spanning 5,200 square feet of rentable living space on a 6,750 square foot lot, the property maximizes potential rental income while offering spacious living accommodations for tenants.
- Prime Location in Ashby Neighborhood: Situated in the sought-after Ashby area of Berkeley, this property benefits from long-term tenant demand and is within close proximity to key amenities, creating a stable rental market.
- Proximity to Public Transit: Just a 10-minute walk to Ashby BART Station and a 10-minute bike ride to the University of California, Berkeley, providing convenient transportation options for residents.
- Significant Capital Improvements: Over $800,000 invested in capital improvements since 2019, with 5 of 7 units fully renovated to feature modern, high-quality finishes.
- Strong Cash Flow Potential: The property is currently generating strong in-place rental income with an opportunity to increase Net Operating Income (NOI) by up to 15%, offering potential for significant value enhancement.
- Two Buildings on One Lot: The property consists of a front-facing triplex (1628) and a rear 4-plex (1630), providing a diverse mix of unit configurations.
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Contacts
Jatin Mehta
Kite Hill Real Estate
Location
Located at 1628 Tyler St, Berkeley, CA 94703, this property is part of the South Berkeley neighborhood and Bay Area market.
Contact Listing Broker
Jatin Mehta
Kite Hill Real Estate