Log In/Sign Up
Your email has been sent.
2801 College Ave 21 Unit Apartment Building $4,828,000 ($229,905/Unit) 5.20% Cap Rate Berkeley, CA 94705
Executive Summary
Marcus & Millichap is pleased to present 2801 College Avenue, a well-located 21-unit apartment community in Berkeley offering a stable, income-oriented investment in one of the Bay Area's most established rental corridors. The property is priced at a 5.2% in-place cap rate with upside to north of a 7%, and at just $229,000 per unit, providing durable cash flow, strong fundamentals, and long-term downside protection. 2801 College Ave benefits from an exceptional location in Berkeley's highly coveted Elmwood neighborhood, bordering the iconic Claremont Hotel and just minutes from University of California, Berkeley. Residents enjoy walkable access to Whole Foods Market and the full array of dining, retail, and entertainment along College Avenue, making this a premier, lifestyle-oriented rental location with enduring demand.
Property Facts
| Price | $4,828,000 | Apartment Style | Low-Rise |
| Price Per Unit | $229,905 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.20% | Building Size | 10,358 SF |
| Gross Rent Multiplier | 10.72 | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 0.29/1,000 SF |
| Zoning | R-2A - Multifamily Residential. | ||
| Price | $4,828,000 |
| Price Per Unit | $229,905 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 10.72 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,358 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1957 |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | R-2A - Multifamily Residential. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 350 - 450 |
| 1+1 | 13 | - | 475 - 575 |
| 2+1 | 1 | - | 550 |
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Number | 053-1696-001-00 | Improvements Assessment | $2,333,705 |
| Land Assessment | $736,632 | Total Assessment | $3,070,337 |
Property Taxes
Parcel Number
053-1696-001-00
Land Assessment
$736,632
Improvements Assessment
$2,333,705
Total Assessment
$3,070,337
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2801 College Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.