1015 University Ave, Berkeley, CA

$3,895,000

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12,295

Square feet

0.20

Acres

About 1015 University Ave

1015-1027 University Avenue is a 15-unit mixed-use property in a prime location. This is a unique value-add opportunity that offers an 7.7% cap rate upon completion and re-leasing of vacant units. The building consists of 10 residential units above five commercial spaces on highly trafficked University Ave. Great upside potential for residential units allowing the next owner to decide exact unit count and configuration. One commercial space, previously used as residential, can either remain a separate unit or be combined with adjacent commercial spaces. Endless possibilities.

Features of 1015 University Ave

MLS® # 40989260
Price $3,895,000
Bathrooms 0.00
Square Footage 12,295
Acres 0.20
Year Built 1925
Type COMM RI MULTI-UNITS 5+
Sub-Type 5 or More Units
Status Active

Community Information

Address 1015 University Ave
Area Berkeley Map Area 1
City Berkeley
County Alameda
State CA
Zip Code 94710

Amenities

Utilities Other Water/Sewer
Parking Uncovered Parking Space
Is Waterfront No
Has Pool No

Interior

Heating Floor Furnace, Wall Furnace
Cooling None
Fireplace No

Exterior

Lot Description Corner Lot
Roof Composition
Construction Frame

Additional Information

Date Listed April 18th, 2022
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentGabriel Galiothe
OfficeMarcus & Millichap

Listing Map

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