For sale

$4,388,000

College, Berkeley, CA 94705

3beds

3baths

9,172sqft

$30,662/mo

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Five Or More Units, Residential Income

Built in 1957

-- sqft lot

$-- Zestimate^®

$478/sqft

$-- HOA

What's special

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.

46 days

124

7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Electric

Cooling

None

Appliances

Laundry: Coin Operated

Features

Doors: None

Interior area

Total structure area: 9,172
Total interior livable area: 9,172 sqft

Property

Parking

Total spaces: 2
Parking features: Off Street
Has carport: Yes

Accessibility

Accessibility features: None

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: Concrete Perimeter
Roof: RolledHotMop

Condition

Year built: 1957

Utilities & green energy

Gas: PublicUtilities
Sewer: Public Sewer
Water: Public
Utilities for property: Public Utilities, Water Public

Community & HOA

Location

Region: Berkeley

Financial & listing details

Price per square foot: $478/sqft
Date on market: 7/9/2026
Listing agreement: ExclusiveRightToSell
Listing terms: CashorConventionalLoan
Inclusions: OvenRangeAllUnits
Lease term: Month To Month

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/9/2026	Listed for sale	$4,388,000$478/sqft
Source: MLSListings Inc #ML82053675 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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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

9/10
John Muir Elementary School
Grades: K-5Distance: 0.2 mi
10/10
Willard Middle School
Grades: 6-8Distance: 0.6 mi
9/10
Berkeley High School
Grades: 9-12Distance: 1.5 mi

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.