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.
For sale
Price cut: $200K (3/5)
$4,628,000
College, Berkeley, CA 94705
--beds
--baths
10,358sqft
Est.:
Five Or More Units, Residential Income
Built in 1957
-- sqft lot
$-- Zestimate®
$447/sqft
$-- HOA
What's special
- 28 days |
- 263 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: 22 hours ago
Listed by:
Eymon Binesh 02060059 650-546-1030,
Marcus & Millichap 650-391-1700,
Mark Kis 02248309 510-955-7988
Source: MLSListings Inc,MLS#: ML82033850
Tour with a local agent
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
Estimated market value
Not available
Estimated sales range
Not available
$4,658/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Price change | $4,628,000-4.1%$447/sqft |
Source:  MLSListings Inc #ML82033850 Report a problem | ||
| 2/5/2026 | Listed 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
$27,290/mo
Principal & interest
$22585
Property taxes
$4705
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: 1.4 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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