2801 College Avenue,Berkeley, CA 94705
Berkeley, CA 94705
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.
Details
| MLS # | ML82053675 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1957 |
| Days On Site | 68 |
| Listing Provided By | Marcus & Millichap | Eymon Binesh |
Features
| SQ Feet | 9,172 |
|---|---|
| Units | 21 |
| Building(s) | 1 |
| Zoning | RM |
| Acreage | 0.17 |
Interior
| Cooling | None |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Taxes
| Property | 72203 |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94705 |
| Area | 699 Not Defined |
| Listing VS Median (in 94705) | |
Price: $4,388,000 low | high Med: $1,995,000 sqft: 9,172 low | high Med: 5,000 $ / sqft: $478 low | high Med: $399 On site: 68 low | high Med: 42 | |
Market Activity 94705
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94705 |
| Area | 699 Not Defined |
| Listing VS Median (in 94705) | |
Price: $4,388,000 low | high Med: $1,995,000 sqft: 9,172 low | high Med: 5,000 $ / sqft: $478 low | high Med: $399 On site: 68 low | high Med: 42 | |