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Listed by Joey Wang • Keller Williams Realty
$ 4,200,000
Est. payment | /mo
17,610 SqFt
$ 4,200,000
Est. payment | /mo
17,610 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 17,610 sqft
Price per Sqft $238
Subdivision Berkeley
MLS Listing ID 41130262
HOA Y/N No
Year Built 1928
Lot Size 0.317 Acres
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
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 6.5% CAP and approximately $239/sf, this is a rare opportunity to acquire a high-exposure Berkeley asset with both income and long-term upside.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Tile, Carpet
Fireplace No
Appliance Free-Standing Range, Refrigerator, Dryer, Washer
Laundry Common Area, Dryer, Laundry Room, Washer, Washer/Dryer Hookups
Others
Special Listing Condition Standard
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Melanie Peterson-Katz
Partner | Lic# 00890767