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2801 College Avenue, Berkeley, CA 94705
Priced at Only: $4,828,000
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Address: 2801 College Avenue, Berkeley, CA 94705
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  • MLS#: ML82033850 ( )
  • Street Address: 2801 College Avenue
  • Viewed: 4
  • Price: $4,828,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: ALAMEDA
  • City: Berkeley
  • Zipcode: 94705
  • Provided by: Marcus & Millichap
  • Contact: Eymon Eymon
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 5.33% in place cap rate with upside to north of a 7%, and 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.
Features
Building Area Total
  1. 10358.00
Carport Spaces
  1. 0.00
Cooling
  1. None
Heating
  1. Electric
Insurance Expense
  1. 18278.00
Otherexpense
  1. 36013.00
Parcel Number
  1. 0531696001
Security Features
  1. Guarded
Totalexpenses
  1. 168993.00
Trash Expense
  1. 3104.00
Water Source
  1. Public
Year Built
  1. 1957
Year Built Source
  1. Assessor
Zoning
  1. RM
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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