2720 College Ave | Berkeley, CA 94705
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- LoopNet Team
2720 College Ave
Berkeley, CA 94705
Elmwood Pride of Ownership 4-Plex · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- PRIDE OF OWNERSHIP ASSET LOCATED IN THE ELMWOOD NEIGHBORHOOD OF BERKELEY - Located on College Ave just over 6 blocks from the UC Berkeley Campus
- SEPARATE WATER METERS - Individually metered for electric, gas, and water
- NEW INTERIOR/EXTERIOR CAPITAL IMPROVEMENTS - Partial foundation replacement, new asphalt & striping and a fully renovated unit with high-end finishes
- 5.07% STABILIZED CAP WITH POTENTIAL RENTAL UPSIDE - Opportunity to purchase an asset in a desirable neighborhood that can be stabilized in short order
- IDEAL OWNER OCCUPY OPPORTUNITY - One large ± 968 Sq Ft unit to be delivered vacant, providing a perfect owner occupy opportunity in an ideal location
- CLASSIC 1924 DETAILS WITH MODERN TOUCHES - Crown molding, hardwood floors, high ceiling and ample natural light in units
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,931 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1924/2019 |
| Building Class | C | Parking Ratio | 1.53/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R-2A | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,931 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2019 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | R-2A |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Breakfast Nook
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Linen Closet
- Pantry
- Smoke Free
SITE AMENITIES
- Gas Range
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 968 |
PROPERTY TAXES
| Parcel Number | 054-1709-009-00 | Improvements Assessment | $1,688,150 |
| Land Assessment | $714,397 | Total Assessment | $2,402,547 |
PROPERTY TAXES
Parcel Number
054-1709-009-00
Land Assessment
$714,397
Improvements Assessment
$1,688,150
Total Assessment
$2,402,547
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