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2801 College AvenueBerkeley, CA 94705

Alameda County

$4,388,000List price
9,172Sq Ft
1957Year built
0.17Acre lot
11 weeks agoOn market

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.

Property Information

Property type
Commercial Sale
Year built
1957
Building area
9,172 Sq Ft
Lot size
0.17 acres
Parking spaces
2
Zoning
RM
Days on market
83
MLS® Listing#
ML82053675

Property Features

Cooling
None
Heating
Electric
Water source
Public

Financial Details

Annual taxes
$72,203
Parcel number
0531696001

Listing Courtesy: Marcus & Millichap - 6503911700

Presented by: Eymon Binesh and Mark Kis

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-09 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Licensed in the state of California.

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