2801 College Ave

2801 College Ave


Berkeley, CA 94705

$5,580,000 Marketing Sheet

Compass Commercial is pleased to announce the exclusive listing of 2801 College Avenue, just a few blocks from University of California at Berkeley.  THe subject property is a well-maintained and fully occupied 21-unit apartment complex 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 just finalized and rented out two brand new ADUs adding additional net income. Tenants will appreciate being one block from shopping and restaurants, and it’s 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!

Cap Rate: 5.38% NOI: $300,183 Livable Sq. Ft: 9,958

Built in 1957 21 units Lot Sq. Ft: 7,400

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