1015 University Ave presents a new or seasoned investor the opportunity to acquire a 15-Unit mixed-use investment property in the well-established Northwest Berkeley area. Comprised of eleven residential units and four commercial units, this property sits near the corner of San Pablo Ave and University Ave, an extremely high traffic area for commerce surrounded by restaurants, hotels, shops, and much more. The eleven residential units are comprised of seven 1 bed / 1 bath, two 2 bed / 1 bath, and two studios. All four commercial units are on the ground floor and each pay all their own utilities. The property includes coin-operated laundry machines and on site parking. Additionally, there is a rooftop billboard and storage space, both producing additional income.
World famous for its freewheeling lifestyle and free-thinking citizens, Berkeley has never been a better place to live. Tucked along the waterfront, just a couple miles from downtown and less than 15 miles from San Francisco, lies 1015 University Ave. Berkeley is one of the strongest performing submarkets in the entire San Francisco Bay Area. As of January 2019, average rents in Berkeley were $3,020, a 4.67% increase year over year and vacancy was 2% in the 3rd Quarter of 2018.
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