2801 College Avenue, Berkeley, CA 94705
- $4,388,000
- 9,172
- SqFt
- List Price
- $4,388,000
- Status
- ACTIVE
- MLS#
- ML82053675
- Year Built
- 1957
- Property Type
- Other
- Living Area
- 9,172
- Lot Size
- 7,400
- Acres
- 0.17
- County
- Alameda
- Subdivision
- Ca
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.
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Additional Information
- Appliances
- Dishwasher, Refrigerator
- Laundry Features
- Coin Operated
- Roof
- Rolled/Hot Mop
- Water Sewer
- Public
Mortgage Calculator
Listing courtesy of Eymon Binesh from Marcus & Millichap. 650-546-1030
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