MLS # ML81965392 | Listed by Nathan Gustavson with Compass
|415-786-9410
2801 College Ave is a $5,580,000, 9,958 square foot, 3 bedroom home on a 0.17 acre lot located in Berkeley, CA.
STRUCTURAL RETROFIT COMPLETE (OFF SOFT-STORY LIST) - TWO BRAND NEW ADU UNITS --- Well maintained and fully occupied, this 21-unit Apartment is located close to UC Berkeley campus in the Elmwood District. This property presents a turnkey opportunity to investors looking to own multifamily rental units in a prime Berkeley location with solid income, minimal expenses, and significant rental upside. The subject property offers its tenants a newly painted exterior and many renovated apartments. Owners have done the work to remove the apartment from the Soft Story List and have applied for 2 ADUs to bring the total number of units to 21. Tenants will appreciate being one block from shopping and restaurants, and its location makes it a highly desirable place to live for recent graduates, young professionals, new families, & even current students looking to escape the cramped dorm room style living!
| Basement | Other Foundation |
| Interior Features | Carpet Tile Laminate Security Building No Accessibility Features |
| Cooling Types | Ceiling Fan |
| Heating Types | Wall Furnace |
| # Parking Spaces | 2 |
| Parking Types | Off-Site Parking |
| Exterior Features | Individual Electric Meters Individual Gas Meters Public Utilities No Restrictions In City Limits |
| Roof | Other Roof Type |
| Water Source | Public Meters - Master Water |
| Sewer | Sewer - Public Sewer Connected |
| Property Type | Commercial |
| Property Sub Type | Five or More Units |
| Architectural Style | Commercial Multi-Residential (5+ units) |
| Year Built | 1957 |
| HOA Fee | $0.00 |
| Area | Berkeley Map Area 10 |
| County | alameda |
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