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1716-1732 University Ave 25 Unit Apartment Building $4,200,000 ($168,000/Unit) 6.20% Cap Rate Berkeley, CA 94703
Investment Highlights
- The property includes 20 residential units (11 studios and 9 one-bedrooms) and 5 commercial spaces across 17,610 sq ft.
- With a Walk Score of 95 and Bike Score of 100, tenants benefit from immediate access to Downtown Berkeley, BART, dining, and retail
- Over $2.6M in capital improvements have been completed, including a seismic retrofit and a new roof in 2022.
Executive Summary
Positioned on Berkeley’s iconic University Avenue just five blocks from UC Berkeley, 1716-1732 University Ave is a 25-unit mixed-use asset offering scale, visibility, and strong in-place performance. The property includes 20 residential units (11 studios and 9 one-bedrooms) and 5 commercial spaces across 17,610 sq ft. A bright, skylit interior courtyard creates a welcoming central space while allowing natural light to flow through the building. Over $2.6M in capital improvements have been completed, including a seismic retrofit and a new roof in 2022. With a Walk Score of 95 and Bike Score of 100, tenants benefit from immediate access to Downtown Berkeley, BART, dining, and retail. Offered at a near 6.5% CAP and approximately $239/sf, this is a rare opportunity to acquire a high-exposure Berkeley asset with both income and long-term upside.
TRANSPARENT PRICE.
Contact Joey at joey.wang@loremultifamily.com with questions.
For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale/
Offers are due on Tuesday, April 28th, by noon.
Disclaimer: The photos in this listing have been digitally enhanced.
TRANSPARENT PRICE.
Contact Joey at joey.wang@loremultifamily.com with questions.
For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale/
Offers are due on Tuesday, April 28th, by noon.
Disclaimer: The photos in this listing have been digitally enhanced.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $168,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 6.20% | Building Size | 17,610 SF |
| Gross Rent Multiplier | 7.9 | Average Occupancy | 92% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 0.51/1,000 SF |
| Zoning | C-U | ||
| Price | $4,200,000 |
| Price Per Unit | $168,000 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Gross Rent Multiplier | 7.9 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 17,610 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | C-U |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Granite Countertops
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Smoke Free
- Storage Space
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | $1,157 | 400 - 480 |
| 1+1 | 9 | $1,276 | 500 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 056-2011-021-00 | Improvements Assessment | $1,041,463 |
| Land Assessment | $647,395 | Total Assessment | $1,688,858 |
Property Taxes
Parcel Number
056-2011-021-00
Land Assessment
$647,395
Improvements Assessment
$1,041,463
Total Assessment
$1,688,858
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1716-1732 University Ave
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