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.
For sale
$4,388,000
College, Berkeley, CA 94705
3beds
3baths
9,172sqft
Five Or More Units, Residential Income
Built in 1957
-- sqft lot
$-- Zestimate®
$478/sqft
$-- HOA
What's special
- 17 hours |
- 34 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Eymon Binesh 02060059 650-546-1030,
Marcus & Millichap 650-391-1700,
Mark Kis 02248309 510-955-7988
Source: MLSListings Inc,MLS#: ML82053675
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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
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $4,388,000$478/sqft |
Source:  MLSListings Inc #ML82053675 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Elmwood
Nearby schools
GreatSchools rating
- 9/10John Muir Elementary SchoolGrades: K-5Distance: 0.2 mi
- 10/10Willard Middle SchoolGrades: 6-8Distance: 0.6 mi
- 9/10Berkeley High SchoolGrades: 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.
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