3020 San Pablo Ave, Berkeley, CA 94702

Description

3020 San Pablo Avenue is an entitled mixed-use infill development opportunity located in West Berkeley at the Northwest corner of San Pablo Avenue and Folger Avenue and is situated in the West Berkeley Commercial Zoning District (C-W). The site is a +/-9,104 sf vacant lot with development approvals in place and active building permits with the City. The design by Joe DeCredico Studio is for a five-story building with two ground floor commercial spaces and twenty-nine residential units on the upper floors, four of which are inclusionary. Many of the units are unique two-story lofts and all units will feature tall ceilings, open floor plans, an abundance of natural light and private balconies. On-site parking twenty-six spaces provided on lower level via three tier lift system with an additional five spaces on-grade. New housing cannot be built fast enough to catch up with the rising number of high paying jobs created in the Bay Area. For this reason, submarkets like Berkeley have become some of the most desirable regions in the world for investment and development. Located minutes away from two of the strongest job markets in the country in San Francisco and Oakland, this transit-oriented location gives residents easy access to the entire Bay Area. The property features a high Walk Score of 91 / Walker's Paradise and a Bike Score of 99 / Biker’s Paradise, allowing residents to easily enjoy the eclectic mix of local shops, restaurants and businesses. The property is within walking distance to several AC Transit bus stops and is within 1.1 miles of the Ashby BART station. In addition, the property offers easy access to Interstate 80 & 580 as well as Highway 13 (Ashby Ave.) & 128 (San Pablo Ave.). Views: Downtown

Listing description from the November 2021 sale, as reported to CRMLS.

Sale history

$3,000,000

Sold November 2021 · listed $3,260,888, orig. $3,990,000, on market February 2020, 389 days on market · MLS #40895899 · Source: CRMLS

Listing Agent: Drew Malm · Listing Office: Drew Malm, Broker · Contact: 925-5774444 · Bought with: Drew Malm · Drew Malm, Broker

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