Marcus & Millichap is pleased to present 2801 College Avenue, a well-located 21-unit apartment community in Berkeley offering a stable, income-oriented investment in one of the Bay Area's most established rental corridors. The property is priced at a 5.6% in-place cap rate with upside to north of a 7%, and at just $220,000 per unit, providing durable cash flow, strong fundamentals, and long-term downside protection. 2801 College Ave benefits from an exceptional location in Berkeley's highly coveted Elmwood neighborhood, bordering the iconic Claremont Hotel and just minutes from University of California, Berkeley. Residents enjoy walkable access to Whole Foods Market and the full array of dining, retail, and entertainment along College Avenue, making this a premier, lifestyle-oriented rental location with enduring demand.
|
LAST UPDATED
|
3/4/2026
|
YEAR BUILT
|
1957
|
|
COUNTY
|
Alameda
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
|
Prior to Mar 4, '26
|
$4,828,000
|
| Mar 4, '26 - Today |
$4,628,000 |
| AIR |
None |
| HEAT |
Electric |
| LOT |
0 |
| LOT DIMENSIONS |
7400.00 |
| PARKING |
Off Street |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| TAXES |
59495 |
| 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 4/6/26 8:50 PM 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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