MLS#ML82053675
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Marcus & Millichap
Agency Phone: (650) 391-1700
Associate Name: Eymon Binesh
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
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.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Electric
Lot Size: 0.17 Acres
Taxes: $72,203
Year Built: 1957
Feature Descriptions
Days on Site: 8
Parcel#: 0531696001
Water: Public
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap
Agent Name: Eymon Binesh
Agency Phone: (650) 391-1700
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
2801 College Avenue | MLS# ML82053675
This commercial property located at 2801 College Avenue, Berkeley, CA 94705 is currently listed for sale with an asking price of $4,388,000. College Avenue is located within the Other school district. Search Berkeley real estate on www.farrellsmyth.com today.