Active

2801 College Avenue

Berkeley CA, 94705

$5,580,000


$560.35 per sqft

Active

9,958 sqft

Other

Built in 1957

STRUCTURAL RETROFIT COMPLETE (OFF SOFT-STORY LIST) - TWO BRAND NEW ADU UNITS --- Well maintained and fully occupied, this 21-unit Apartment is located close to UC Berkeley campus in the Elmwood District. This property presents a turnkey opportunity to investors looking to own multifamily rental units in a prime Berkeley location with solid income, minimal expenses, and significant rental upside. The subject property offers its tenants a newly painted exterior and many renovated apartments. Owners have done the work to remove the apartment from the Soft Story List and have applied for 2 ADUs to bring the total number of units to 21. Tenants will appreciate being one block from shopping and restaurants, and its location makes it a highly desirable place to live for recent graduates, young professionals, new families, & even current students looking to escape the cramped dorm room style living!

ML81965392

MLS ID

May 13, 2024

Listed

July 13, 2024

Updated

Map

2801 College Avenue
Berkeley CA, 94705

Interior Features

Appliances

Refrigerator


Laundry Description

Coin Operated


Floor Description

Laminate, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.17 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Berkeley


Garage

No


Parking

Off Site


View

No


County

Alameda


Water Source

Public


Pool

No


Zoning

null


Buyer Agency Compensation

1.75%

Listed by Nate Gustavson with Compass
Listing Contact: 415-786-9410 

Bay East  ©2024 CCAR  ©2024. bridgeMLS  ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 10:08 PM UTC, 7/13/2024.

Powered byLuxury Presence