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
| Agent | Gabriel Galiothe |
|---|---|
| Office | Marcus & Millichap |