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!
MLS #
ML81965392
MLS Source
MLSListings, Inc.
Days on Site
34
Buyer's Brokerage Compensation*
1.75
Flooring
Laminate, Tile
Laundry
Coin Operated
Cooling
Ceiling Fan
Heating
Wall Furnace
Roof
Other
Foundation
Other
Garage/Parking
Off-Site Parking, Garage: 0 Car(s)
Elementary District
Berkeley Unified
High School District
Berkeley Unified
Sewer
Public Sewer
Water
Public
Zoning
null
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 21 | 21 |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | – | 2 | 1/0 | $2,140 | – | 1 |
2 | – | 1 | 1/0 | $1,450 | $2,300 | 14 |
3 | – | 0 | 1/0 | $1,495 | $1,750 | 6 |
2801 College Ave is a Residential Income in Berkeley, CA 94705. This 9,958 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,580,000 and was built in 1957.
This address can also be written as 2801 College Ave, Berkeley, CA 94705.©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of June 13, 2024. For the most current information, please contact Nathan Gustavson, (415) 786-9410