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.
Sold for $4,275,000
Zillow last checked:
Listing updated:
Bought with:
Eymon Binesh, 02060059
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML82053675
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Sold | $4,275,000-2.6%$466/sqft |
Source:  MLSListings Inc #ML82053675 Report a problem | ||
| 8/27/2026 | Pending sale | $4,388,000$478/sqft |
Source: MLSListings Inc #ML82053675 Report a problem | ||
| 7/9/2026 | Listed for sale | $4,388,000$478/sqft |
Source: MLSListings Inc #ML82053675 Report a problem | ||
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Estimated market value
$4,275,900
