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Multifamily

1297 University Ave

1297 University Ave, Berkeley, CA 94702

Listing Price: $1,498,000

Cap Rate
4.14%
Number of Units
4
GRM
15.20
Price/Unit
$374,500
Price/Gross SF
$565.28
Gross SF
2,650

Investment Overview

Levin Johnston has been selected to exclusively market for sale 1297 University Ave, an exceptional pride-of-ownership asset located in the thriving city of Berkeley, California.

Situated on a parcel of land totaling 5,693 square feet, the subject property was originally constructed in 1943 and has a gross building area of 2,650 square feet offering its tenants beautifully designed one-bedroom floor plans.

The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally.

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 Twitter, Uber, 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, 1297 University Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Levin Johnston has been selected to exclusively market for sale 1297 University Ave, an exceptional pride-of-ownership asset located in one of the most dynamic and desirable locations in the East Bay.
  • The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options.
  • 1283 University Ave offers tenants easy access to California 24, Interstate 580, The Bay Bridge, BART Downtown Berkeley Station, as well as many others.
  • The subject property is nearby many of the nation's top employers including Twitter, Uber, Tesla, Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others.

Exclusively Listed By

Multifamily

1297 University Ave

Listing Price: $1,498,000

Cap Rate
4.14%
Number of Units
4
GRM
15.20
Price/Unit
$374,500
Price/Gross SF
$565.28
Gross SF
2,650

Investment Highlights

  • Levin Johnston has been selected to exclusively market for sale 1297 University Ave, an exceptional pride-of-ownership asset located in one of the most dynamic and desirable locations in the East Bay.
  • The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options.
  • 1283 University Ave offers tenants easy access to California 24, Interstate 580, The Bay Bridge, BART Downtown Berkeley Station, as well as many others.
  • The subject property is nearby many of the nation's top employers including Twitter, Uber, Tesla, Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others.

Investment Overview

Levin Johnston has been selected to exclusively market for sale 1297 University Ave, an exceptional pride-of-ownership asset located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 5,693 square feet, the subject property was originally constructed in 1943 and has a gross building area of 2,650 square feet offering its tenants beautifully designed one-bedroom floor plans. The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally. 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 Twitter, Uber, 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, 1297 University Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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