1732 University AveBerkeley, CA 94705

Description

Positioned on Berkeley’s iconic University Avenue just five blocks from UC Berkeley, 1716-1732 University Ave is a 25-unit mixed-use asset offering scale, visibility, and strong in-place performance. The property includes 20 residential units (11 studios and 9 one-bedrooms) and 5 commercial spaces across 17,610 sq ft. A bright, skylit interior courtyard creates a welcoming central space while allowing natural light to flow through the building. Over $2.6M in capital improvements have been completed, including a seismic retrofit and a new roof in 2022. With a Walk Score of 95 and Bike Score of 100, tenants benefit from immediate access to Downtown Berkeley, BART, dining, and retail. Offered at a near 6.3% CAP and approximately $239/sf, this is a rare opportunity to acquire a high-exposure Berkeley asset with both income and long-term upside.

Property Information

Property type

Residential Income

Year built

1928

Lot size

0.32 acres

Parking spaces

9

Days on market

175

MLS^® Listing#

41130262

Property Features

Appliances

Gas Water Heater · Dryer · Washer

Cooling

None

Heating

Wall Furnace

Construction

Stucco

Roof

Shingle

Directions

Cross Street: Shattuck.