$1,750,000
About this home
Pre-war 1935 six-unit apartment building one block off College Avenue, minutes from UC Berkeley, Ashby BART, Rockridge, and the Claremont Hotel, with quick access to Highways 13, 24, and 580. Four 2BR/1BA units plus two 1BR/1BA units across 4,676 rentable SF on a 7,400 SF lot. Three units delivered vacant at closing — immediate releasing on half the building. Units 3 and 4 already leased at $3,400, validating the market rent. Unit 5 captures west-facing Bay views; Unit 6 captures south-facing city views — both unobstructed and private. New roof (2024–2025). Six on-site parking spaces — rentable as a separate income line. $291,667/unit, $317/SF. Current cap 5.96%, market cap 7.47%. Built for a 1031 buyer or local investor who wants Berkeley appreciation paired with immediate operational upside.
Facts & features
- Bathrooms
- 0
- Appliances
- Dryer, Washer
- Heating
- Electric
- Cooling
- None
- Lot size
- 0.17 acres (7,400 sq ft)
- Year built
- 1935
- Parking spaces
- 6
- County
- Alameda
- Status
- Active
- Property type
- Apartment
- Days on market
- 46
- Listed
- 2026-05-22
- Parcel #
- 54170926
- MLS #
- 41135687
