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2801 College Ave, Berkeley, CA 94705
$5,580,000
2801 College Ave, Berkeley, CA 94705View this property at 2801 College Ave, Berkeley, CA 94705
2801 College AveBerkeleyCA94705
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Property Description
STRUCTURAL RETROFIT COMPLETE (OFF SOFT-STORY LIST) - TWO BRAND NEW ADU UNITS --- Well maintained and fully occupied, this 21-unit Apartment is located close to UC Berkeley campus in the Elmwood District. This property presents a turnkey opportunity to investors looking to own multifamily rental units in a prime Berkeley location with solid income, minimal expenses, and significant rental upside. The subject property offers its tenants a newly painted exterior and many renovated apartments. Owners have done the work to remove the apartment from the Soft Story List and have applied for 2 ADUs to bring the total number of units to 21. Tenants will appreciate being one block from shopping and restaurants, and its location makes it a highly desirable place to live for recent graduates, young professionals, new families, & even current students looking to escape the cramped dorm room style living!
Full Property Details
Full Property Details for 2801 College Ave
General
- Price: $5,580,000
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: ML81965392
- Updated: 5/13/2024
- Added to Site: 25 day(s) ago
Interior
- Flooring: Laminate, Tile
Rooms
Other Rooms
- Laundry: Coin-Operated
Additional Information
- Security/Safety: Security Building
Parking
- Parking Features: Off-Site Parking
Location
- Area: Berkeley Map Area 10
- County: Alameda
- Cross Streets: Stuart
Heating & Cooling
- Cooling Type: Ceiling Fan
Utilities
- Sewer: Public Sewer, Sewer Connected
- Water: Public
- Utility Description: Individual Electric Meters, Individual Gas Meters, Public Utilities
- Metering: Master Water
Structural Information
- Foundation: Other
- Roof: Other
- Disability Access: None
- Square Feet: 9,958
- Year Built: 1957
Unit Information
Unit 1
- Bedrooms: 2
Unit 2
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1699
- Minimum Lot Size: 7400
- Building Sites: 1
- Zoning: null
Disclosures and Reports
- Restrictions: None
Listed by Compass, Nathan Gustavson
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Schools
Schools serving 2801 College Ave
School District:Berkeley Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2800 Forest Ave, Berkeley, CA 94705 | K-5 | 0.2 mi | |
2955 Claremont Ave, Berkeley, CA 94705 | K-5 | 0.5 mi | |
1731 Prince St, Berkeley, CA 94703 | K-5 | 1.2 mi | |
2425 Stuart St, Berkeley, CA 94705 | 6-8 | 0.3 mi | |
1980 Allston Way, Berkeley, CA 94704 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2801 College Ave
Date
Details
Price
Change
Source
5/13/2024
Listed
$5,580,000
471.14%
MLS
6/25/2010
Sold
$977,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2801 College Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$51,698
4%
$2,942,150
5%
2022
$49,813
3%
$2,799,128
3%
2021
$48,427
6%
$2,722,188
1%
2020
$45,572
5%
$2,701,515
2%
2019
$43,418
2%
$2,641,480
2%
2018
$42,630
4%
$2,589,708
2%
2017
$41,078
4%
$2,538,946
2%
2016
$39,564
1%
$2,489,174
2%
2015
$39,020
—
$2,451,800
2%
2014
$38,960
-7%
$2,403,776
-7%
2013
$41,680
—
$2,593,509
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2801 College Ave
2801 College Ave, Berkeley, CA 94705 (MLS# ML81965392) is a Commercial Residential Facility property. 2801 College Ave is currently listed for $5,580,000 and was received on May 13, 2024. Want to learn more about 2801 College Ave? Do you have questions about finding other Commercial Residential Facility real estate for sale in Berkeley? You can browse all Berkeley real estate or contact a Coldwell Banker agent to request more information.