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For sale
  • Price cut: $200K (3/5)
    $4,628,000

    College, Berkeley, CA 94705

    --beds
    --baths
    10,358sqft
    : 
    Five Or More Units, Residential Income
    Built in 1957
    -- sqft lot
    $4,474,400 Zestimate®
    $447/sqft
    $-- HOA

    What's special

    BCG Multifamily of Marcus & Millichap is pleased to present 2801 College Avenue, a well-located 21-unit apartment community in Berkeley offering a stable, income-oriented investment in one of the Bay Area's most established rental corridors. The property is priced at a 5.6% in-place cap rate with upside to north of a 7%, and at just $220,000 per unit, providing durable cash flow, strong fundamentals, and long-term downside protection. 2801 College Ave benefits from an exceptional location in Berkeley's highly coveted Elmwood neighborhood, bordering the iconic Claremont Hotel and just minutes from University of California, Berkeley. Residents enjoy walkable access to Whole Foods Market and the full array of dining, retail, and entertainment along College Avenue, making this a premier, lifestyle-oriented rental location with enduring demand.
    40 days
    |
    100
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 16, 2026 at 09:16am

    Listed by:

    Eymon Binesh 02060059 650-546-1030,

    Marcus & Millichap 650-391-1700,

    Mark Kis 02248309 510-955-7988

    Source: MLSListings Inc,MLS#: ML82033850MLS Logo

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      Facts & features

      Interior

      Heating
      • Electric
      Cooling
      • None
      Appliances
      • Laundry: Coin Operated
      Interior area
      • Total structure area: 10,358
      • Total interior livable area: 10,358 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Off Street
      • Has carport: Yes
      Accessibility
      • Accessibility features: Parking
      Lot
      • Size: 7,400 Square Feet
      Details
      • Parcel number: 0531696001
      • Zoning: RM
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Five Or More Units, Residential Income
      Materials
      • Foundation: Wood Frame
      • Roof: RolledHotMop
      Condition
      • Year built: 1957

      Utilities & green energy

      • Gas: IndividualGasMeters
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Water Public

      Community & HOA

      Location
      • Region: Berkeley

      Financial & listing details

      • Price per square foot: $447/sqft
      • Date on market: 2/5/2026
      • Listing agreement: ExclusiveRightToSell
      • Listing terms: CashorConventionalLoan
      • Inclusions: FurnishedSomeUnits, OvenRangeAllUnits
      • Lease term: Month To Month
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        Estimated market value

        $4,474,400

        $4.25M - $4.70M

        $4,367/mo

        Price history

        Price history
        DateEventPrice
        3/5/2026Price change$4,628,000-4.1%$447/sqft
        Source: MLSListings Inc #ML82033850 Report a problem
        2/5/2026Listed for sale$4,828,000$466/sqft
        Source: MLSListings Inc #ML82033850 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        BuyAbility℠ payment

        Est. payment
        $27,876/mo
        Principal & interest
        $23171
        Property taxes
        $4705
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          Climate risks

          Neighborhood: Elmwood

          Getting around

          92 / 100
          Walker's Paradise
          52 / 100
          Good Transit
          81 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: BerkeleyUnified

          Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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