1732 University Ave, Berkeley, CA 94705
- $4,200,000
- 17,610
- SqFt
- List Price
- $4,200,000
- Status
- ACTIVE
- MLS#
- 41130262
- Year Built
- 1928
- Property Type
- 5 Or More Units
- Living Area
- 17,610
- Lot Size
- 13,800
- Acres
- 0.32
- County
- Alameda
- Subdivision
- Berkeley
Property Description
Positioned on Berkeley’s iconic University Avenue just five blocks from UC Berkeley, 1716-1732 University Ave is a 25-unit mixed-use asset offering scale, visibility, and strong in-place performance. The property includes 20 residential units (11 studios and 9 one-bedrooms) and 5 commercial spaces across 17,610 sq ft. A bright, skylit interior courtyard creates a welcoming central space while allowing natural light to flow through the building. Over $2.6M in capital improvements have been completed, including a seismic retrofit and a new roof in 2022. With a Walk Score of 95 and Bike Score of 100, tenants benefit from immediate access to Downtown Berkeley, BART, dining, and retail. Offered at a near 6.3% CAP and approximately $239/sf, this is a rare opportunity to acquire a high-exposure Berkeley asset with both income and long-term upside.
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Additional Information
- Appliances
- Free-Standing Range, Refrigerator, Dryer, Washer
- Exterior
- Stucco
- Flooring
- Hardwood, Tile, Carpet
- Laundry Features
- Common Area, Dryer, Laundry Room, Washer, Washer/Dryer Hookups
- Parking Features
- Attached, Covered, Garage, Parking Lot
- Roof
- Composition Shingles
- Water Sewer
- Public
Mortgage Calculator
Listing courtesy of Joey Wang from Keller Williams Realty. 510-592-5554
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