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$ 4,828,000

Est. payment | -/mo

10,358 SqFt

Save

$ 4,828,000

Est. payment | -/mo

Save

10,358 SqFt

Open House

Tue Feb 10, 1:00pm - 2:00pm

Thu Feb 12, 1:00pm - 2:00pm

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,358 sqft

Price per Sqft $466

Lot Size 7,400 Sqft

MLS Listing ID ML82033850

Property Description

Marcus & Millichap is pleased to present 2801 College Avenue, a well-located 21-unit apartment community in Berkeley offering a stable, income-oriented investment in one of the Bay Area's most established rental corridors. The property is priced at a 5.33% in-place cap rate with upside to north of a 7%, and at just $229,000 per unit, providing durable cash flow, strong fundamentals, and long-term downside protection. 2801 College Ave benefits from an exceptional location in Berkeley's highly coveted Elmwood neighborhood, bordering the iconic Claremont Hotel and just minutes from University of California, Berkeley. Residents enjoy walkable access to Whole Foods Market and the full array of dining, retail, and entertainment along College Avenue, making this a premier, lifestyle-oriented rental location with enduring demand.

Location

State CA

County Alameda

Area Berkeley Map Area 10

Zoning RM

Interior

Heating Electric

Cooling None

1-purchase type For Sale

Exterior

Garage Off-Street Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Rolled Composition

Building

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 053-1696-001

Security Features Security Guard

Special Sale Not Applicable

Listed by Eymon Binesh of Marcus & Millichap
Bought with Eymon Binesh of Marcus & Millichap

2801 College AVE Berkeley, CA 94705