College

Berkeley, CA, 94705
For Sale $4,388,000
  • 9,172sqft
  • 7,400sf lot
Listing agent:
Marcus & Millichap
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.

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College is a Residential Income Five Or More Units property located in Berkeley, California, featuring a 7,400 sqft lot, 9,172 sqft, MLS #ML82053675.
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Data last modified: 2026-07-20 19:43:16