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.
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LAST UPDATED
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7/9/2026
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YEAR BUILT
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1957
|
|
COUNTY
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Alameda
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STATUS
|
Active
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PROPERTY TYPE(S)
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Multi Family
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|
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| AIR |
None |
| HEAT |
Electric |
| LOT |
7400 acre(s) |
| LOT DIMENSIONS |
7400.00 |
| PARKING |
Off Street |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| TAXES |
72203 |
| WATER |
Public |
| ZONING |
RM |
Listed by Eymon Binesh | 650-546-1030, Marcus & Millichap
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 7/10/26 11:42 AM PDT. 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.
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