Multifamily Housing - For Sale
2323 Tenth Street Berkeley, CA 94710
Details & Description
Price: $1,885,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.160
  • Building Sq Ft 5,544
  • Building Price per Sq Ft $340.01
  • Land Sq Ft 6,969
  • Land Price per Sq Ft $270.48
NAI Northern California is especially proud to have represented the seller in this remarkable deal that transfers this existing Section 8 property to a community nonprofit providing affordable housing. Max Rattner, Kevin Flaherty, and Derrick Reedy worked diligently with the buyer and seller as well as several city officials to overcome multiple obstacles—including nearly $500k in deferred maintenance, code violations that were only discovered while in escrow, and structural engineering issues necessitating immediate rehab. Despite these challenges, our team secured a premium for our client while positioning the buyer to expand delivery of a valuable community resource.
Property Highlights
 Optimal Berkeley location near Aquatic Park, downtown, and the UC Berkeley campus
 Maintained BMR status and housing security for Section 8 residents
Listing Agents
Kevin Flaherty

O: 308-672-6388
Kevin@FlahertyRE.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2323 Tenth Street

Berkeley, CA 94710

Listing ID: 250301
$1,885,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.160
  • Building Sq Ft 5,544
  • Building Price per Sq Ft $340.01
  • Land Sq Ft 6,969
  • Land Price per Sq Ft $270.48
  • 2323 Tenth Street Berkeley, CA 94710 | for Sale | Photo 1
  • 2323 Tenth Street Berkeley, CA 94710 | for Sale | Photo 2
  • 2323 Tenth Street Berkeley, CA 94710 | for Sale | Photo 3
2323 Tenth Street | for Sale | Thumbnail 1
2323 Tenth Street | for Sale | Thumbnail 2
2323 Tenth Street | for Sale | Thumbnail 3
Property Highlights
 Optimal Berkeley location near Aquatic Park, downtown, and the UC Berkeley campus
 Maintained BMR status and housing security for Section 8 residents
 2.7 cap rate, factoring cost of work required
Description

NAI Northern California is especially proud to have represented the seller in this remarkable deal that transfers this existing Section 8 property to a community nonprofit providing affordable housing. Max Rattner, Kevin Flaherty, and Derrick Reedy worked diligently with the buyer and seller as well as several city officials to overcome multiple obstacles—including nearly $500k in deferred maintenance, code violations that were only discovered while in escrow, and structural engineering issues necessitating immediate rehab. Despite these challenges, our team secured a premium for our client while positioning the buyer to expand delivery of a valuable community resource.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Oakland History of Multifamily Housing for Sale

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Berkeley Area Market Trends

Listing Demographics for 2323 Tenth Street Berkeley, CA 94710

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population29,701224,834414,573
Population Median Age393839
Population by Age0-9 Yrs2767 (9%)18642 (8%)34878 (8%)
10-19 Yrs2916 (9%)25326 (11%)40853 (9%)
20-29 Yrs5652 (19%)50075 (22%)80329 (19%)
30-39 Yrs5129 (17%)38497 (17%)75339 (18%)
40-49 Yrs4311 (14%)27356 (12%)52508 (12%)
50-59 Yrs3116 (10%)22751 (10%)45668 (11%)
60-69 Yrs3163 (10%)21978 (9%)43453 (10%)
70+ Yrs2648 (8%)20209 (8%)41544 (10%)
Median HH Income$82,640$91,038$89,105
Total Household Income< 24K2303 (18%)15276 (16%)30367 (17%)
25-49K1988 (15%)13171 (14%)24907 (14%)
50-74K1697 (13%)10932 (11%)21230 (12%)
75-99K1284 (10%)10018 (10%)19178 (10%)
100-199K3680 (28%)24805 (27%)46127 (26%)
200K+1809 (14%)17412 (19%)32844 (18%)
Highest Education LevelNo Diploma1061717019732
Diploma or GED17971277929097
Some College35101902541258
Assoc. Degree1190785416893
Bachelors Degree739953672101036
Higher Degree69425562195432
Total Housing Units13,67198,160186,546
--Owner-Occupied5,17138,17571,154
--Renter-Occupied7,59153,439103,499
Owner-Occupied Values< 100K1386791374
100-199K665301076
200-299K7413242147
300-399K12925215034
400-499K26123565424
500K+45033076656099
Total Working Age Population25,152196,204360,549
In Work Force17,530131,113244,543
Not In Work Force7,62265,091116,006
Workforce Employed16,695124,764231,234
Workforce Unemployed8356,28913,176
Civlian Workforce17,530131,053244,411
Military Workforce060132
Total Households12,76291,615174,653
Family Households6,22942,91482,923
Non-Family Households6,53348,70191,730
Married Couple4,23732,14761,420
Other Family1,99110,76721,503
Married w/Child1,89913,33523,640
Single Male w/Child3261,2622,219
Single Female w/Child7063,4877,157

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
California33,871,648+1037,253,956+940,467,295+843,631,295
Alameda County1,443,741+51,510,271+121,696,752+101,861,027
Contra Costa County948,816+111,049,025+121,171,305+111,296,786
Marin County247,289+2252,409+4263,085+2267,912
San Francisco County776,733+4805,235+12903,294+8976,481

Total Working Age Population:

Total Households:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Metropolitan Oakland International Airport (OAK) 11
San Francisco International Airport (SFO) 18
Norman Y. Mineta San Jose International Airport (SJC) 40