2980 College Ave - Storefront Retail/Office FOR SALE


Berkeley, CA 94705
$4,950,000 USD
408-909-8629
2980 College Ave, Berkeley, CA for Sale
$4,950,000 USD
Storefront Retail/Office - FOR SALE
1/60
null | 5.63% Cap Rate

2980 College Ave
Berkeley, CA 94705


HIGHLIGHTS

  • Property Features a Condominium Structure with Thirteen Units Consisting of Six Commercial Units and SevenResidential Units
  • Residential Units Boast Amenities Including Washer/Dryer In-Unit, Air Conditioning, Heating, Dishwasher, Disposal, Stainless Steel Appliances
  • Strategically Located in a High Income, Upscale Neighborhood with a Car Count of Over 50,000 Daily
  • Eleven Condo Parcels Which Can Be Sold Separately
  • Prime Elmwood Location - Close to UC Berkeley Campus, BART, Numerous Cafés, Restaurants, Boutiques, Independent Merchants and Services
  • Incredible Seller Financing Available for Qualified Buyers 4.5% Interest Only

OVERVIEW

SHOWING FRIDAY 1/31 FROM 10AM-12PM The Pinza Group is pleased to present Elmwood Village at 2980 College Ave in Berkeley, CA, featuring a condominium structure with thirteen (13) well-maintained units comprising six (6) commercial units and seven (7) residential units. The residential units consist of one 3bd/2bth unit, two (2) 2bd/2bth units, two (2) 1bd/1bth units, and two (2) studio apartments. Tenants are responsible for gas and electricity, which keeps owner expenses low. The property is in excellent condition with no issues reported. Residential units boast amenities including washer/dryer in-unit, air conditioning, heating, cable readiness, dishwasher, disposal, stainless steel appliances, microwave, refrigerator, carpet, tile floors, vinyl flooring, walk-in closets, and large bedrooms. The property is fully occupied by stable tenants, most of whom are paying near market-rate rents, presenting an extremely rare opportunity to acquire a fully turnkey asset in one of the Bay Area's hottest rental markets.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$1,495 USD /SF

CAP RATE

5.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elmwood Village - Showing Fri 1/31 10am-12pm

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C-E

APN/PARCEL ID

052-1573-100-00,052-1573-101-00

ASK ABOUT THIS PROPERTY

Alec MatutPinza GroupMore Info
408-909-8629

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Alec MatutPinza GroupMore Info
408-909-8629

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