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Multifamily

2500 Dana St

2500 Dana St, Berkeley, CA 94704

Listing Price: $3,795,000

Cap Rate
3.85%
Number of Units
9
Occupancy
97.0%
Price/Unit
$421,667
Price/Gross SF
$602.76
Gross SF
6,296

Investment Overview

2500 Dana St is a stunning 9-unit apartment complex located in the thriving city of Berkeley, California. Situated on 5,325 square feet of land, the subject property was originally constructed in 1963 and has a gross building area of approximately 6,296 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom floor plans. The subject property is surrounded by the University of California, Berkeley and is located within walking distance to Downtown Berkeley and adjacent to Telegraph Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley prides itself on being the number one public university in the nation and the fourth best globally. 2500 Dana St has undergone numerous renovations with over $500,000 in capital improvements. Berkeley is a major transportation hub with several Bay Area rapid transit system (BART) stops and is intersected by several interstate freeways. Residents in Berkeley have convenient commuting options to San Francisco and the greater Bay Area providing close proximity to many of the nation's top tech employers including Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others. The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 2500 Dana St presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Exceptional East Bay Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the East Bay
  • Extensive Capital Improvements - Over $500,000 in recent renovations to the walkways, balconies, stairs, new roof hatch, siding, and some walls
  • Walker's Paradise - Walking distance to Downtown Berkeley (3 Blocks), UC Berkeley (4 Blocks), shopping streets along Telegraph Ave (1 Block), Alta Bates Summit Medical Center (4 Blocks), BART stations
  • Soft Story Retrofit Completed - Subject property has undergone updates to meet Berkeley's retro??tting standards
  • Walker's Paradise - Walking distance to Downtown Berkeley (3 Blocks), UC Berkeley (4 Blocks), shopping streets along Telegraph Ave (1 Block), Alta Bates Summit Medical Center (4 Blocks), BART stations, and more
  • Excellent Neighborhood - Southside Berkeley has a dense urban feel with an extremely strong renter's market, top public schools, plenty of entertainment, and an active nightlife with various bars, restaurants, coffee shops, and parks

Exclusively Listed By

Multifamily

2500 Dana St

Listing Price: $3,795,000

Cap Rate
3.85%
Number of Units
9
Occupancy
97.0%
Price/Unit
$421,667
Price/Gross SF
$602.76
Gross SF
6,296

Investment Highlights

  • Exceptional East Bay Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the East Bay
  • Extensive Capital Improvements - Over $500,000 in recent renovations to the walkways, balconies, stairs, new roof hatch, siding, and some walls
  • Walker's Paradise - Walking distance to Downtown Berkeley (3 Blocks), UC Berkeley (4 Blocks), shopping streets along Telegraph Ave (1 Block), Alta Bates Summit Medical Center (4 Blocks), BART stations
  • Soft Story Retrofit Completed - Subject property has undergone updates to meet Berkeley's retro??tting standards
  • Walker's Paradise - Walking distance to Downtown Berkeley (3 Blocks), UC Berkeley (4 Blocks), shopping streets along Telegraph Ave (1 Block), Alta Bates Summit Medical Center (4 Blocks), BART stations, and more
  • Excellent Neighborhood - Southside Berkeley has a dense urban feel with an extremely strong renter's market, top public schools, plenty of entertainment, and an active nightlife with various bars, restaurants, coffee shops, and parks

Investment Overview

2500 Dana St is a stunning 9-unit apartment complex located in the thriving city of Berkeley, California. Situated on 5,325 square feet of land, the subject property was originally constructed in 1963 and has a gross building area of approximately 6,296 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom floor plans. The subject property is surrounded by the University of California, Berkeley and is located within walking distance to Downtown Berkeley and adjacent to Telegraph Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley prides itself on being the number one public university in the nation and the fourth best globally. 2500 Dana St has undergone numerous renovations with over $500,000 in capital improvements. Berkeley is a major transportation hub with several Bay Area rapid transit system (BART) stops and is intersected by several interstate freeways. Residents in Berkeley have convenient commuting options to San Francisco and the greater Bay Area providing close proximity to many of the nation's top tech employers including Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others. The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 2500 Dana St presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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