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$ 4,388,000
Est. payment | /mo
7,400 Sqft Lot
$ 4,388,000
Est. payment | /mo
7,400 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82053675
HOA Y/N No
Year Built 1957
Annual Tax Amount $72,203
Lot Size 7,400 Sqft
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.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RM
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Total Parking Spaces 2
Building
Water Public
Schools
School District Other
Others
Tax ID 0531696001
Special Listing Condition Standard
Listed by Eymon Binesh Marcus & Millichap #02060059
Nearby Locations
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