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Listed by Marcus & Millichap
$ 4,388,000
Est. payment /mo
New
2801 College Avenue Berkeley, CA 94705
9,172 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,172 sqft
Price per Sqft $478
MLS Listing ID ML82053675
HOA Y/N No
Year Built 1957
Lot Size 7,400 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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, caf s, and UC Berkeley.
Location
State CA
County Alameda
Interior
Heating Electric
Cooling None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Coin Operated
Building
Water Public
Nearby Locations