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The Laureate | 128 Beds | Student Housing 2556 Telegraph Ave 24 Unit Apartment Building For Sale Berkeley, CA 94704
INVESTMENT HIGHLIGHTS
- Rare chance to acquire newly constructed, purpose-built student housing product in the student dominated South Berkeley.
- Utility Bill-Back Upside Potential.
- UC Berkeley provided housing options are among the most expensive options in the market.
- Fully furnished, luxury units with large floorplans, high bedroom and bathroom counts, and tasteful, condo-quality finishes.
- On-site retail fronting the famous Telegraph Avenue, the main retail corridor for South Berkeley and the pathway to the UC Berkeley entrance.
- Excellent historical & forecasted rent growth.
EXECUTIVE SUMMARY
Property Tours Available By Appointment
The Cushman & Wakefield Northern California Multifamily Capital Markets Team is pleased to present for sale The Laureate, a rare opportunity to acquire a newly constructed luxury, core plus, purpose-built student housing investment property featuring 128 beds and two ground floor retail spaces fronting Berkeley’s famous Telegraph Avenue located just four blocks from the world-renowned University of California, Berkeley.
100% Occupied | $8,424 Average Rent | $7.05 Average Rent per SF | 1,195 SF Average Unit Size
The Cushman & Wakefield Northern California Multifamily Capital Markets Team is pleased to present for sale The Laureate, a rare opportunity to acquire a newly constructed luxury, core plus, purpose-built student housing investment property featuring 128 beds and two ground floor retail spaces fronting Berkeley’s famous Telegraph Avenue located just four blocks from the world-renowned University of California, Berkeley.
100% Occupied | $8,424 Average Rent | $7.05 Average Rent per SF | 1,195 SF Average Unit Size
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Freezer
- Linen Closet
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Fitness Center
- Disposal Chutes
- Furnished Units Available
- On-Site Retail
- Package Service
- Recycling
- Wi-Fi
- Bicycle Storage
- Community-Wide WiFi
- Conference Rooms
- Elevator
- Lounge
- Public Transportation
- Walk To Campus
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $4,300 | 1,058 - 1,217 |
| 3+2.5 | 13 | $9,600 | 1,123 - 1,252 |
| 4+2 | 7 | $8,000 | 1,116 - 1,216 |
| 4+2.5 | 1 | $12,995 | 1,252 |
| 4+3 | 1 | $13,200 | 1,411 |
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 055-1837-001-00 | Improvements Assessment | $18,634,787 |
| Land Assessment | $7,311,528 | Total Assessment | $25,946,315 |
PROPERTY TAXES
Parcel Number
055-1837-001-00
Land Assessment
$7,311,528
Improvements Assessment
$18,634,787
Total Assessment
$25,946,315
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The Laureate | 128 Beds | Student Housing | 2556 Telegraph Ave
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