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Listed by Joey Wang, DRE #01890931 • Keller Williams Realty
$ 4,200,000
Est. payment /mo
Active
1732 University Ave Berkeley, CA 94705
1 Bed
2 Baths
17,610 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 17,610 sqft
Price per Sqft $238
MLS Listing ID EB41130262
Bedrooms 1
Year Built 1928
Lot Size 0.317 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
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
Area Berkeley Map Area 7
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Carpet - Wall to Wall, Hardwood
Laundry In Laundry Room, Hookup - Washer/Dryer , Washer, Community Facility, Dryer
Exterior
Exterior Feature Stucco
Parking Features Attached Garage, Parking Area
Garage Spaces 9.0
Roof Type Composition
Building
Water Heater - Gas
Others
Special Listing Condition Not Applicable
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