2801 College Avenue, Berkeley, CA

$5,580,000

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9,958

Square feet

0.17

Acres

About 2801 College Avenue

STRUCTURAL RETROFIT COMPLETE (OFF SOFT-STORY LIST) - TWO BRAND NEW ADU UNITS --- Well maintained and fully occupied, this 21-unit Apartment is located close to UC Berkeley campus in the Elmwood District. This property presents a turnkey opportunity to investors looking to own multifamily rental units in a prime Berkeley location with solid income, minimal expenses, and significant rental upside. The subject property offers its tenants a newly painted exterior and many renovated apartments. Owners have done the work to remove the apartment from the Soft Story List and have applied for 2 ADUs to bring the total number of units to 21. Tenants will appreciate being one block from shopping and restaurants, and its location makes it a highly desirable place to live for recent graduates, young professionals, new families, & even current students looking to escape the cramped dorm room style living!

Features of 2801 College Avenue

MLS® # ML81965392
Price $5,580,000
Bathrooms 0.00
Square Footage 9,958
Acres 0.17
Year Built 1957
Type COMM RI MULTI-UNITS 5+
Sub-Type Other
Status Pending

Community Information

Address 2801 College Avenue
Area Listing
City Berkeley
County Alameda
State CA
Zip Code 94705

Amenities

Parking Off Site
Is Waterfront No
Has Pool No

Interior

Appliances Refrigerator
Heating Wall Furnace
Cooling Ceiling Fan(s)
Fireplace No

Additional Information

Date Listed May 13th, 2024
Zoning null
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentNate Gustavson
OfficeCompass

Listing Map

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