Log In/Sign Up
Your email has been sent.
2801 College Ave 21 Unit Apartment Building $6,216,962 CAD ($296,046 CAD/Unit) 6.29% Cap Rate Berkeley, CA 94705
Investment Highlights
- Offered at $4.388 million, the pricing equates to approximately $208,952 per unit and $423.63 per square foot.
- Strong existing tenant demand in Berkeley supports the lease-up opportunity and offers near-term cash flow improvement.
- The asset consists of 21 units on College Avenue in Berkeley, one of the East Bay's most desirable rental markets.
Executive Summary
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, cafes, and UC Berkeley.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $6,216,962 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $296,046 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.29% | Building Size | 10,358 SF |
| Gross Rent Multiplier | 9.43 | Average Occupancy | 86% |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 0.19/1,000 SF |
| Zoning | R-2A - Multifamily Residential. | ||
| Price | $6,216,962 CAD |
| Price Per Unit | $296,046 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| Gross Rent Multiplier | 9.43 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,358 SF |
| Average Occupancy | 86% |
| No. Stories | 3 |
| Year Built | 1957 |
| Parking Ratio | 0.19/1,000 SF |
| Zoning | R-2A - Multifamily Residential. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 1 |
| 1+1 | 13 | - | 1 |
| 2+1 | 1 | - | 1 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 053-1696-001-00 | Total Assessment | $4,350,084 CAD |
| Land Assessment | $1,043,668 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,306,417 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
053-1696-001-00
Land Assessment
$1,043,668 CAD
Improvements Assessment
$3,306,417 CAD
Total Assessment
$4,350,084 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 49
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2801 College Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.