$4,200,000
About this home
Positioned on Berkeley’s iconic University Avenue just five blocks from UC Berkeley, 1716-1732 University Ave is a 25-unit mixed-use asset offering scale, visibility, and strong in-place performance. The property includes 20 residential units (11 studios and 9 one-bedrooms) and 5 commercial spaces across 17,610 sq ft. A bright, skylit interior courtyard creates a welcoming central space while allowing natural light to flow through the building. Over $2.6M in capital improvements have been completed, including a seismic retrofit and a new roof in 2022. With a Walk Score of 95 and Bike Score of 100, tenants benefit from immediate access to Downtown Berkeley, BART, dining, and retail. Offered at a near 6.3% CAP and approximately $239/sf, this is a rare opportunity to acquire a high-exposure Berkeley asset with both income and long-term upside.
Facts & features
- Bathrooms
- 0
- Appliances
- Gas Water Heater, Dryer, Washer
- Heating
- Wall Furnace
- Cooling
- None
- Lot size
- 0.317 acres (13,800 sq ft)
- Year built
- 1928
- Parking spaces
- 9
- County
- Alameda
- Status
- Active
- Property type
- Residential Income
- Days on market
- 55
- Listed
- 2026-04-09
- MLS #
- 41130262
