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Executive Summary

For Sale Downtown Berkeley Multi-Family Development Site, Fully Entitled Project. 23,655 sq. ft. corner lot. This project would demolish an existing commercial building. Project is comprised of two buildings, which will include a total of 97 residential units of which there are 49 studio units, 20 1-bedroom units, 18 2-bedroom units, 10 3-bedroom units (townhomes). There will be 135 total bedrooms and there will be 10 VLI Very Low Income units. The ground floor will have two retail spaces totaling 2,117 sq.ft.. Max height is 85 feet. The westerly building is eight stories and the easterly building is six stories and they are connected by a bridge. There is 4,720 sq.ft. of useable open space including an exterior courtyard and garden, roof top deck, and publicly accessible open space. Project includes 41 parking spaces, and a 48 space bike room.
The property is zoned C-AC Adeline Corridor Mixed Use. APN # 55-1826-18-2
For further information contact John Norheim jn@noryost.com 510-501-3491

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
No. Units 97
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class A
Lot Size 0.54 AC
Construction Status Proposed
Building Size 84,580 SF
No. Stories 8
Year Built 2027
Opportunity Zone Yes
Zoning C-AC Adeline Corridor Mix - Mixed Use

Amenities

Unit Amenities

  • Air Conditioning

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 50 - -
1+1 47 - -
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
055-1826-018-02
Land Assessment
$1,356,480
Improvements Assessment
$3,711,480
Total Assessment
$5,067,960
  • Listing ID: 41721743

  • Date on Market: 8/12/2026

  • Last Updated:

  • Address: 2655 Shattuck Ave, Berkeley, CA 94704

Contact the Sale Advisor

2655 Shattuck Ave

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