Marcus & Millichap is pleased to present 2801 College Avenue, a well-located 21-unit apartment community in Berkeley offering a stable, income-oriented investment in one of the Bay Area's most established rental corridors. The property is priced at a 5.20% in-place cap rate with upside to north of a 7%, and… Read More at just $229,000 per unit, providing durable cash flow, strong fundamentals, and long-term downside protection. 2801 College Ave benefits from an exceptional location in Berkeley's highly coveted Elmwood neighborhood, bordering the iconic Claremont Hotel and just minutes from University of California, Berkeley. Residents enjoy walkable access to Whole Foods Market and the full array of dining, retail, and entertainment along College Avenue, making this a premier, lifestyle-oriented rental location with enduring demand. Read Less
Courtesy of Marcus & Millichap, Eymon Binesh 650-546-1030
Listing Snapshot
Days Online
0
Last Updated
Property Type
Five Or More Units
Square Ft.
10,358
Lot Size
0.17 Acres
Year Built
1957
MLS Number
ML82033850
Additional Details
Lot
Max Area: 7400.00, Max Area Units: Square Feet, Lot is 0.16988062442608 acres
Accessibility Features
Parking
Building
10,358 structure square feet, Age: 69, Built in 1957, 1 building, 21 minimum units in complex
Cooling
None
Foundation
Wood Frame
Garage
Off-Street Parking
Water Features
Public
Heating
Electric
Laundry
Coin Operated
Tenant Pays
Rent Only, Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 168993
Parking
2 parking spaces
Property
Zoning: RM
Roof
Rolled Composition
Security Features
Security Guard
Taxes
Annual tax amount: $59,495
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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