• Asking Price $5,580,000
  • Estimated Value: $2,902,004
  • 2801 COLLEGE AVE BERKELEY, CA 94705

  • 13 Beds 1.8 Baths 9,958 SqFt
  • Multi-family (5 or more units) / Resale (MLS)

Property Details for 2801 COLLEGE AVE, BERKELEY, CA 94705

Features

  • Price/sqft: $560
  • Lot Size: 0.1699 acres
  • Total Units: 18
  • Total Rooms: 40
  • Stories: 300
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1957
  • Property ID: 894867390
  • MLS Number: ML81965392
  • Parcel Number: 53-1696-1
  • Property Type: Multi-family (5 or more units)
  • County: Alameda

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. 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!

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