2801 College Ave - Apartments FOR SALE


Berkeley, CA 94705
$5,580,000 USD
415-786-9410
2801 College Ave, Berkeley, CA for Sale
$5,580,000 USD
Apartments - FOR SALE
1/20
null | 5.38% Cap Rate

2801 College Ave
Berkeley, CA 94705


HIGHLIGHTS

  • Structural Retrofit Completed | OFF Soft Story List
  • Two Brand New ADU's Completed (2022)
  • New Exterior Paint
  • Well-Maintained Features Attractive to Renters | Professionals & Students

OVERVIEW

Well maintained and fully occupied, this 21-unit Apartment is located close to UC Berkeley campus in the Elmwood District. This property presents a turnkey opportunity to investors looking to own multifamily rental units in a prime Berkeley location with solid income, minimal expenses, and significant rental upside. The subject property offers its tenants a newly painted exterior and many renovated apartments. Owners have done the work to remove the apartment from the Soft Story List and have applied for 2 ADUs to bring the total number of units to 21. Tenants will appreciate being one block from shopping and restaurants, and it’s location makes it a highly desirable place to live for recent graduates, young professionals, new families, & even current students looking to escape the cramped dorm room style living! STRUCTURAL RETROFIT COMPLETE (OFF SOFT-STORY LIST) - TWO BRAND NEW ADU UNITS

FOR SALE DETAILS

PRICE

$5,580,000 USD

PRICE/SF

$560 USD /SF

# OF UNITS

21

PRICE/UNIT

$265,714

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1957

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-2A

APN/PARCEL ID

053-1696-001-00

ASK ABOUT THIS PROPERTY

Nate GustavsonCompass CommercialMore Info
415-786-9410

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Nate GustavsonCompass CommercialMore Info
415-786-9410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.