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2702 Dana St 5,567 SF 100% Leased Office Building Berkeley, CA 94705 $3,323,350 CAD ($596.97 CAD/SF) 9.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Student housing conversion potential
- Development potential
- 15,000 SF Lot
EXECUTIVE SUMMARY
Student Housing Conversion and ADU Upside Opportunity
*** Financials based on projected income***
2702 Dana Street presents a rare opportunity to reposition a well-located Berkeley asset into high demand student housing while also benefiting from future development potential on a large parcel.
The property is currently configured as three duplexes; one detached and two conjoined duplexes with a large central common area, allowing for an efficient dorm-style layout. The existing layout includes eight offices that can be converted into bedrooms, allowing for two beds per room. The property is underwritten at approximately $1,400 per bed, while comparable nearby student housing achieves rents closer to $1,800 per bed. Four kitchens and four bathrooms are already in place, providing an efficient two bedroom per kitchen and bath configuration.
A large central common area offers excellent potential for shared amenities such as a dining room, study lounge, or social space, further enhancing tenant appeal and rental performance. Only minor cosmetic upgrades are needed to complete the student housing conversion.
The approximately 15,000 square foot lot provides substantial additional value with potential for ADU development or other future income opportunities, subject to buyer verification.
2702 Dana Street combines location, scale, parking, and flexible configuration, making it an ideal candidate for student housing conversion, long term income growth, or future development. Buyer to verify all development, zoning, and conversion potential.
Buyer to do their own research
*** Financials based on projected income***
2702 Dana Street presents a rare opportunity to reposition a well-located Berkeley asset into high demand student housing while also benefiting from future development potential on a large parcel.
The property is currently configured as three duplexes; one detached and two conjoined duplexes with a large central common area, allowing for an efficient dorm-style layout. The existing layout includes eight offices that can be converted into bedrooms, allowing for two beds per room. The property is underwritten at approximately $1,400 per bed, while comparable nearby student housing achieves rents closer to $1,800 per bed. Four kitchens and four bathrooms are already in place, providing an efficient two bedroom per kitchen and bath configuration.
A large central common area offers excellent potential for shared amenities such as a dining room, study lounge, or social space, further enhancing tenant appeal and rental performance. Only minor cosmetic upgrades are needed to complete the student housing conversion.
The approximately 15,000 square foot lot provides substantial additional value with potential for ADU development or other future income opportunities, subject to buyer verification.
2702 Dana Street combines location, scale, parking, and flexible configuration, making it an ideal candidate for student housing conversion, long term income growth, or future development. Buyer to verify all development, zoning, and conversion potential.
Buyer to do their own research
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
5,567 SF
Building Class
C
Year Built
1957
Price
$3,323,350 CAD
Price Per SF
$596.97 CAD
Cap Rate
9.01%
NOI
$299,434 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,784 SF
Building FAR
0.37
Lot Size
0.34 AC
Zoning
R-2
Parking
15 Spaces (2.69 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Fenced Lot
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 054-1715-002-01 | Improvements Assessment | $147,015 CAD (2025) |
| Land Assessment | $115,974 CAD (2025) | Total Assessment | $262,989 CAD (2025) |
PROPERTY TAXES
Parcel Number
054-1715-002-01
Land Assessment
$115,974 CAD (2025)
Improvements Assessment
$147,015 CAD (2025)
Total Assessment
$262,989 CAD (2025)
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2702 Dana St
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