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Listed by Joey Wang, DRE #01890931 • Keller Williams Realty
$1,750,000
Est. payment /mo
8 Beds
4 Baths
5,511 SqFt
Open Thu 1:30PM-3:30PM
2715 Benvenue Ave Berkeley, CA 94705
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Open House
Thu May 28, 1:30pm - 3:30pm
Sun May 31, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,511 sqft
Price per Sqft $317
MLS Listing ID EB41135687
Bedrooms 8
Year Built 1935
Lot Size 7,400 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Pre-war 1935 six-unit apartment building one block off College Avenue, minutes from UC Berkeley, Ashby BART, Rockridge, and the Claremont Hotel, with quick access to Highways 13, 24, and 580. Four 2BR/1BA units plus two 1BR/1BA units across 4,676 rentable SF on a 7,400 SF lot. Three units delivered vacant at closing - immediate releasing on half the building. Units 3 and 4 already leased at $3,400, validating the market rent. Unit 5 captures west-facing Bay views; Unit 6 captures south-facing city views - both unobstructed and private. New roof (2024-2025). Six on-site parking spaces - rentable as a separate income line. $291,667/unit, $317/SF. Current cap 5.96%, market cap 7.47%. Built for a 1031 buyer or local investor who wants Berkeley appreciation paired with immediate operational upside.
Location
State CA
County Alameda
Area Berkeley Map Area 9
Zoning R-2
Interior
Heating Electric
Cooling None
Flooring Tile, Vinyl, Carpet - Wall to Wall
Laundry In Basement, Washer, Dryer
Exterior
Exterior Feature Siding - Wood , Wood Frame, Brick
Parking Features Parking Area
Garage Spaces 6.0
Others
Tax ID 54-1709-26
Special Listing Condition New, Not Applicable
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