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Commercial Property — 2801 College Avenue, Berkeley, CA

$4,388,000

2801 College Avenue, Berkeley, CA

$4,388,000 — 2801 College Avenue, Berkeley, CA — photo 1 $4,388,000 — 2801 College Avenue, Berkeley, CA — photo 2 $4,388,000 — 2801 College Avenue, Berkeley, CA — photo 3 $4,388,000 — 2801 College Avenue, Berkeley, CA — photo 4 $4,388,000 — 2801 College Avenue, Berkeley, CA — photo 5
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About this property

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 details

Square feet
9,172
Year built
1957
Property type
CommercialSale

Location

2801 College Avenue • Berkeley, CA 94705

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Listed by

Eymon Binesh · Marcus & Millichap

Listing courtesy of Marcus & Millichap. Information deemed reliable but not guaranteed.

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