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2147 San Pablo Ave
Berkeley, CA 94702
Land For Sale
·
0.33 AC
Investment Highlights
- Entitled for 141 units in the Poet’s Corner area of Berkeley
- Over 5,000 sf of amenities including zen garden, common rooms, and exercise areas
- CD’s over 75% complete saving time and costs for building permits
- Rents in comparable projects are currently $9.00+ per SF
- Walking distance to Fourth Street Berkeley and countess restaurants and retail stores
Executive Summary
ACARA is pleased to present this unique opportunity to acquire an entitled micro-apartment / co-living project in the Poet’s Corner area of Berkeley. Located blocks away from Fourth Street Berkeley plus minutes away from everything this exciting, diverse community has to offer including multiple Whole Foods and Berkeley Bowl locations, Apple, REI, Downtown Berkeley and the UC Campus.
This Lowney Architecture design is six stories total with five levels of Type III-A construction over a one level Type I-A concrete podium. There are 141 units total (139 studios, 1 one bedroom, 1 two bedroom) and two ground floor retail spaces including 15 affordable units at very low income levels. Additionally, there are over 5,000 square feet of amenities and open spaces including a zen garden patio, common rooms, exercise areas, skybridges and private balconies on the sixth floor. There will be storage for 124 bikes and 12 short term bicycle parking spaces.
This Lowney Architecture design is six stories total with five levels of Type III-A construction over a one level Type I-A concrete podium. There are 141 units total (139 studios, 1 one bedroom, 1 two bedroom) and two ground floor retail spaces including 15 affordable units at very low income levels. Additionally, there are over 5,000 square feet of amenities and open spaces including a zen garden patio, common rooms, exercise areas, skybridges and private balconies on the sixth floor. There will be storage for 124 bikes and 12 short term bicycle parking spaces.
Property Facts In Escrow
1 Lot Available
Lot
| Lot Size | 0.33 AC |
| Lot Size | 0.33 AC |
Previously developed flat lot, currently has automotive building on it.
Description
Existing +/- 5K SF Automotive Building, entitled for 141 units.
Property Taxes
| Parcel Number | 056-1983-042-01 | Improvements Assessment | $6,897 |
| Land Assessment | $2,911,402 | Total Assessment | $2,918,299 |
Property Taxes
Parcel Number
056-1983-042-01
Land Assessment
$2,911,402
Improvements Assessment
$6,897
Total Assessment
$2,918,299
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