$560.35 Per Sq Foot $29,955 est/mo Sourced by Back At You

2801 College Avenue,Berkeley, CA 94705

Berkeley CA, 94705

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Description

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!

Details

MLS#ML81965392
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site14
Listing Provided ByCompass (415) 874-5000 | Nate Gustavson

Features

SQ Feet9,958
Building(s)1
Acreage0.17

Market Activity 94705

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyAlameda
CityBerkeley
Zip Code94705
Area699 Not Defined
Listing VS Median (in 94705)
Price:
$5,580,000
low | high
Med:
$1,991,944
100% of Average
SqFt:
9,958
low | high
Med:
2,588
100% of Average
$ / SqFt:
$560
low | high
Med:
$779
11.027513809398% of Average
On Site:
14
low | high
Med:
22.500000
62.222222222222% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 10:28:04 AM PDT