2801 College Avenue Berkeley, CA $ 4,388,000
2801 College Avenue
$ 4,388,000
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2801 College Avenue

Berkeley, CA, 94705
$ 4,388,000
Bedrooms-- Baths-- Sq 9,172

Monthly Estimate*

$ 27,706

Listed by Marcus & Millichap
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Commercial Property for sale in Berkeley, CA

for $4,388,000. This 9,172 square foot building was built in 1957 on a lot size of 0.1699.

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.

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Commercial Active

Price

$ 4,388,000

Property Type

Commercial

Taxes

$ 72,203

Style

Lot Size

0.1699

Year Built

1957

Town/City

Berkeley

County/Region

Alameda

MLS | Web ID

ML82053675

Days on Market

3

Features
General
Heating Electric
Cooling None
Zoning RM
HOA Fee 0
Year Built 1957
County Alameda
Insurance Expense 14700
Property Type Commercial Sale
MaintenanceExpense 8222
Special Listing Conditions Standard
Status Active
City Berkeley
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 7400
Carport Spaces 0
Tax Annual Amount 72203
Trash Expense 3104
Standard Status Active
Year Built Source Assessor
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 2
Lot Size Area 7400
Number of Buildings 1
Building Area Total 9172
Lot Size Acres 0.1699
Lot Size Source Assessor
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* Excluded Features
List By
Marcus & Millichap

Broker

ebinesh@marcusmillichap.com

Email

Affordability Calculator

$33,723
Per Month
82%
18%
0%
Monthly Principal & Interest
$27,706
Monthly Property Taxes
$6,017
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/9/2026$4,388,000 Listed Price

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2801 College Avenue, Berkeley, CA, 94705 is a Commercial Property for sale at $4,388,000 with 9,172 sqft and a lot size of 0.1699. 2801 College Avenue was built in 1957. The property's zip code is 94705 which is in Berkeley, CA