Multifamily
2801 College Ave
2801 College Ave, Berkeley, CA 94705
Listing Price: $4,388,000
Investment Overview
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, caf?s, and UC Berkeley.
2801 College Ave
Investment Highlights
- Situated in one of the Bay Area's most desirable rental markets, benefiting from strong demographics, high household incomes, and sustained housing demand.
- Offered at a 6.29% cap rate with the potential to reach 7.71% through rent growth and operational improvements.
- In-place rents are approximately 13% below market, providing investors a clear path to increasing revenue and NOI over time.
Exclusively Listed By
Listing Price: $4,388,000
Investment Highlights
- Situated in one of the Bay Area's most desirable rental markets, benefiting from strong demographics, high household incomes, and sustained housing demand.
- Offered at a 6.29% cap rate with the potential to reach 7.71% through rent growth and operational improvements.
- In-place rents are approximately 13% below market, providing investors a clear path to increasing revenue and NOI over time.
Investment Overview
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, caf?s, and UC Berkeley.
Exclusively Listed By
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