Bought with Eymon Binesh • Marcus & Millichap
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Key Details
Sold Price $4,275,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,172 sqft
Price per Sqft $466
MLS Listing ID ML82053675
Sold Date 10/13/26
Bedrooms 3
Full Baths 3
Year Built 1957
Lot Size 7,400 Sqft
Property Sub-Type Five or More Units
Property Description
Located in the heart of Berkeley's highly sought-after Elmwood neighborhood, 2801 College Avenue presents a rare opportunity to acquire a 21-unit apartment community in one of the East Bay's premier rental markets. The property offers an attractive mix of one-bedroom, two-bedroom, and studio floor plans, providing broad tenant appeal and long-term occupancy stability. Offered at an in-place 6.29% CAP rate with substantial upside through future rental growth, the asset combines strong day-one cash flow with significant value-add potential. Priced at just $209,000 per unit, 2801 College Avenue represents an exceptional value in a supply-constrained location, just steps from the vibrant College Avenue retail corridor, renowned restaurants, cafés, and UC Berkeley.
Location
State CA
County Alameda
Area Berkeley Map Area 10
Zoning RM
Rooms
Other Rooms Laundry Room
Interior
Heating Electric
Cooling None
Laundry Coin Operated
Exterior
Parking Features Off-Street Parking
Utilities Available Public Utilities
Roof Type Rolled Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 053-1696-001
Security Features None
Special Listing Condition Not Applicable
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