Listed by Marcus & Millichap, Eymon Binesh, Mark Kis Listing Contact: 650-546-1030

9,172 sqft

$4,275,000

2801 College AVE, Berkeley CA, 94705

Price per sqft$466.09

Built in1957

Property size9,172 sqft

Property typeResidential

Overview

Sold

Listed Jul 9, 2026

Updated 20h ago

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.

Additional information

MLS^® ID: ML82053675

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.17 Acres

Listed by Marcus & Millichap, Eymon Binesh DRE:02060059, Mark Kis
Listing Contact: 650-546-1030

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rick Smith shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Rick Smith are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

Data last updated 8:49 PM UTC, 10/23/2026