Property Detail

2801 College

Berkeley CA 94705

$4,388,000

Status: Active

Property Details

Description

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.

Map Location

Listing provided courtesy of Eymon Binesh of Marcus & Millichap. Last updated 2026-07-10 08:33:00.000000. Listing information © 2026 CRMLS.

The Lineup

The Lineup

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