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2715 Benvenue Ave
Berkeley, CA 94705
2715 Benvenue Ave · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Three of six units are delivered vacant at closing, opening the door to immediate mark-to-market releasing on half the building.
- A $26,000+ NOI lift available through standard releasing and turnover.
- 4,676 rentable SF across four 2BR/1BA units and two 1BR/1BA units. Six dedicated on-site parking spaces, one per unit.
Executive Summary
TRANSPARENT PRICE. Units 1, 5, & 6 are vacant and can be shown via Calendly.
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, 6/9, at noon.
Pre-war 1935 six-unit apartment building one block off College Avenue, minutes from UC Berkeley, Ashby BART, Rockridge, and the Claremont Hotel, with quick access to Highways 13, 24, and 580. Four 2BR/1BA units plus two 1BR/1BA units across 4,676 rentable SF on a 7,400 SF lot. Three units delivered vacant at closing — immediate releasing on half the building. Units 3 and 4 already leased at $3,400, validating the market rent. Unit 5 captures west-facing Bay views; Unit 6 captures south-facing city views — both unobstructed and private. New roof (2024–2025). Six on-site parking spaces — rentable as a separate income line. $291,667/unit, $317/SF. Current cap 5.96%, market cap 7.47%. Built for a 1031 buyer or local investor who wants Berkeley appreciation paired with immediate operational upside.
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, 6/9, at noon.
Pre-war 1935 six-unit apartment building one block off College Avenue, minutes from UC Berkeley, Ashby BART, Rockridge, and the Claremont Hotel, with quick access to Highways 13, 24, and 580. Four 2BR/1BA units plus two 1BR/1BA units across 4,676 rentable SF on a 7,400 SF lot. Three units delivered vacant at closing — immediate releasing on half the building. Units 3 and 4 already leased at $3,400, validating the market rent. Unit 5 captures west-facing Bay views; Unit 6 captures south-facing city views — both unobstructed and private. New roof (2024–2025). Six on-site parking spaces — rentable as a separate income line. $291,667/unit, $317/SF. Current cap 5.96%, market cap 7.47%. Built for a 1031 buyer or local investor who wants Berkeley appreciation paired with immediate operational upside.
Property Facts
| Price Per Unit | $291,667 | Building Size | 5,511 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 5.90% | No. Stories | 2 |
| Gross Rent Multiplier | 9.1 | Year Built | 1935 |
| No. Units | 6 | Parking Ratio | 1.09/1,000 SF |
| Property Type | Multifamily |
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 9.1 |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 5,511 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 1.09/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,400 | 634 - 647 |
| 2+1 | 4 | $2,221 | 686 - 914 |
Property Taxes
| Parcel Number | 054-1709-026-00 | Improvements Assessment | $77,231 |
| Land Assessment | $122,834 | Total Assessment | $200,065 |
Property Taxes
Parcel Number
054-1709-026-00
Land Assessment
$122,834
Improvements Assessment
$77,231
Total Assessment
$200,065
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