West Berkeley Retail/Office Building 1015-1027 University Ave 16 Unit Apartment Building $2,791,840 CAD ($174,490 CAD/Unit) Berkeley, CA 94710

Value-add opportunity – West Berkeley retail/office building. On main corridor with on-site parking and easy freeway access.
APN NUMBER: 57-2088-12
Corner building on a bustling commercial stretch – bridging a major freeway.
Amid a well-rounded mix of retail, restaurants, and commercial services.
10 apartments and 4 retail spaces – one of which a previous tattoo shop had a fire on the interior which needs to be repaired. The other three retail tenants are paying rent and operating. The building also produces rental income from a rooftop advertising sign.
In 2021, nine residential units were illegally created without City permits. To correct these violations, someone applied for a zoning permit (ZP2022-0120) to legalize the units. However, this application has been incomplete since 2023. A letter was issued requesting additional information, but we haven’t received a response since.
Please see attached plans from this permit application to remedy the illegal units, which shows the existing floor plans.
Situated in Berkeley’s International Food District – a growing collection of international markets and cuisine.
Within a block of San Pablo Avenue with popular eateries such as La Marcha, Babette, Highwire Coffee, Thai Table, Lavender Bread & Cafe, Butterfish Sushi, Mercado 925, Luca Cucina Italiana, El Patio Grill, and Acme Bar & Company.
6 blocks from Fourth Street Shops with Apple Store, Design Within Reach, Madewell, Vans, Anthropologie, The Gardener, Lululemon, Vuori, Roark, CB2, Sur La Table, Paper Source, Oceanview Diner, and more!
Part of the West Berkeley Design Loop, a 2-mile stretch of home furnishings, accessories, and improvement stores.
Near many residential developments, major employment, parks, and schools.
Both University Avenues and nearby San Pablo have 4 lanes, heavily traveled, in this popular, walkable West Berkeley neighborhood.