2801 College AVE, Berkeley, CA 94705
2801 College AVE, Berkeley, CA 94705
2801 College AVE, Berkeley, CA 94705
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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$4,388,000
Est. payment /mo
3 Beds
3 Baths
9,172 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,172 sqft

Price per Sqft $478

MLS Listing ID ML82053675

Bedrooms 3

Full Baths 3

Year Built 1957

Lot Size 7,400 Sqft

Property Sub-Type Five or More Units

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 Berkeley Map Area 10

Zoning RM

Rooms

Other Rooms Laundry Room

Interior

Heating Electric

Cooling None

Laundry Coin Operated

Exterior

Parking Features Off-Street Parking

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 053-1696-001

Security Features None

Special Listing Condition Not Applicable

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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate | License ID: 02024903

Broker Associate License ID: 02024903

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2801 College AVE

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Josh Yoo.

As a Bay Area native and Top 1% real estate advisor, Josh brings local expertise, strategic guidance, and personal support to help you buy with confidence in a competitive market.