2801 College AVE, Berkeley, CA 94705
2801 College AVE, Berkeley, CA 94705
2801 College AVE, Berkeley, CA 94705
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,388,000
Est. payment /mo
7,400 Sqft Lot
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UPDATED:

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

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Listed by Eymon Binesh Marcus & Millichap #02060059

NEARBY SCHOOL & BUSINESS

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