2801 College Avenue, Berkeley, CA, CA 94705
- $4,388,000
- List Price
- $4,388,000
- Status
- ACTIVE
- MLS#
- ML82053675
- County
- Alameda
- Zoning
- RM
- Year Built
- 1957
- Square Feet
- 9,172
- Lot Size (acres)
- 0.1699
- Days on Market
- 22
- Property Type
- Commercial
Property Description
Located in the heart of Berkeley's highly sought-after Elmwood neighborhood, 2801 College Avenue presents a rare opportunity to acquire a 21-unit apartment community in one of the East Bay's premier rental markets. The property offers an attractive mix of one-bedroom, two-bedroom, and studio floor plans, providing broad tenant appeal and long-term occupancy stability. Offered at an in-place 6.29% CAP rate with substantial upside through future rental growth, the asset combines strong day-one cash flow with significant value-add potential. Priced at just $209,000 per unit, 2801 College Avenue represents an exceptional value in a supply-constrained location, just steps from the vibrant College Avenue retail corridor, renowned restaurants, cafés, and UC Berkeley.
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Additional Information
- Taxes
- $72,203
- Parcel Number
- 0531696001
- Gross Scheduled Income
- $469,078
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- None
- Parking Spaces
- 2
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Eymon Binesh (ebinesh@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.