$4,628,000
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 5.6% in-place cap rate with upside to north of a 7%, and at just $220,000 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.
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Listed by Eymon Binesh with Marcus & Millichap (650) 391-1700
Property Type
Commercial Sale
Status
Active
MLS Number
ML82033850
Year Built
1957
Lot Size
7,401 sq ft