2801 College AVE, Berkeley, CA 94705
- $4,388,000
- 9,172
- SqFt
Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: Mark Kis from Marcus & Millichap
- List Price
- $4,388,000
- MLS#
- ML82053675
- Status
- ACTIVE
- Sqft. of Residence
- 9,172
- Lot Size
- 7,400
- Listing Area
- Berkeley Map Area 10
- Year Built
- 1957
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, cafés, and UC Berkeley.
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Additional Information
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Off-Street Parking
- Heating System
- Electric
- Laundry Facilities
- Coin Operated
- Living Area
- 9,172
- Lot Size
- 7,400
- Neighborhood
- Berkeley Map Area 10
- Other Rooms
- Laundry Room
- Other Utilities
- Public Utilities
- Roof
- Rolled Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM
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