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2409 College Ave 17 Unit Apartment Building $6,200,000 ($364,706/Unit) 5.35% Cap Rate Berkeley, CA 94704
INVESTMENT HIGHLIGHTS
- First time on market in 20 years!
- Charming 1913 construction featuring timeless details, abundant natural light, and spacious units
- Situated on a large parcel with two detached rear garages, providing additional income or redevelopment upside
- Prime Southside Berkeley location - two blocks from UC Berkeley and steps to Telegraph Avenue retail and dining amenities
- Modern upgrades include an updated electrical system and sprinklered hallways
EXECUTIVE SUMMARY
Team Chappell is pleased to present 2409 College Avenue, an exceptional opportunity to acquire a 17-unit apartment building just two blocks from UC Berkeley’s southern border in Berkeley's vibrant Southside neighborhood.
Originally constructed in 1913, this unique property showcases timeless architectural charm with period details, rich hardwood floors, and built-in cabinetry throughout. The building offers a highly desirable unit mix of four studios and thirteen spacious two-bedroom apartments, each featuring large windows, abundant natural light, and thoughtful layouts.
The property features an updated electrical system, sprinklered common hallways, and a sizable lot featuring two detached rear garages, offering potential for parking income or future development. With its unbeatable location steps from campus, premium unit mix, and enduring architectural character, 2409 College Avenue represents a rare Berkeley investment poised to deliver strong occupancy and rent growth for years to come.
Nestled in the heart of Berkeley’s highly coveted Southside neighborhood, 2409 College Avenue sits just two blocks from the UC Berkeley campus—one of the most prestigious universities in the nation and a powerful driver of housing demand. The property offers residents unbeatable access to the city’s vibrant urban lifestyle, surrounded by popular cafés, local eateries, and boutique shops along Telegraph and College Avenues. The location is also a commuter’s dream, with convenient access to AC Transit lines, Downtown Berkeley BART, and major Bay Area thoroughfares.
Originally constructed in 1913, this unique property showcases timeless architectural charm with period details, rich hardwood floors, and built-in cabinetry throughout. The building offers a highly desirable unit mix of four studios and thirteen spacious two-bedroom apartments, each featuring large windows, abundant natural light, and thoughtful layouts.
The property features an updated electrical system, sprinklered common hallways, and a sizable lot featuring two detached rear garages, offering potential for parking income or future development. With its unbeatable location steps from campus, premium unit mix, and enduring architectural character, 2409 College Avenue represents a rare Berkeley investment poised to deliver strong occupancy and rent growth for years to come.
Nestled in the heart of Berkeley’s highly coveted Southside neighborhood, 2409 College Avenue sits just two blocks from the UC Berkeley campus—one of the most prestigious universities in the nation and a powerful driver of housing demand. The property offers residents unbeatable access to the city’s vibrant urban lifestyle, surrounded by popular cafés, local eateries, and boutique shops along Telegraph and College Avenues. The location is also a commuter’s dream, with convenient access to AC Transit lines, Downtown Berkeley BART, and major Bay Area thoroughfares.
PROPERTY FACTS
| Price | $6,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $364,706 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.35% | Building Size | 13,127 SF |
| Gross Rent Multiplier | 10.75 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Zoning | R-SH | ||
| Price | $6,200,000 |
| Price Per Unit | $364,706 |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| Gross Rent Multiplier | 10.75 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 13,127 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1913 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R-SH |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Hardwood Floors
- Large Bedrooms
SITE AMENITIES
- Private Bathroom
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 055-1868-013-00 | Improvements Assessment | $1,728,571 |
| Land Assessment | $1,414,286 | Total Assessment | $3,142,857 |
PROPERTY TAXES
Parcel Number
055-1868-013-00
Land Assessment
$1,414,286
Improvements Assessment
$1,728,571
Total Assessment
$3,142,857
CONTACTS
-
Grant Chappell -
Jonathan Burmenko -
Robert Chappell -
Sam Hayes -
NAI Northern California
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