Marcus & Millichap is pleased to present 2801 College Avenue, a well-located 21-unit apartment community in Berkeley offering a stable, income-oriented investment in one of the Bay Area's most established rental corridors. The property is priced at a 5.6% in-place cap rate with upside to north of a 7%, and at just $220,000 per unit, providing durable cash flow, strong fundamentals, and long-term downside protection. 2801 College Ave benefits from an exceptional location in Berkeley's highly coveted Elmwood neighborhood, bordering the iconic Claremont Hotel and just minutes from University of California, Berkeley. Residents enjoy walkable access to Whole Foods Market and the full array of dining, retail, and entertainment along College Avenue, making this a premier, lifestyle-oriented rental location with enduring demand.
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Listing Snapshot
Price
$4,628,000
Days On Site
35 Days
Bedrooms
N/A
Inside Area (SqFt)
10,358 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1957
MLS® Number
ML82033850
Status
Active
Property Tax
$59,495
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
a week ago
Listing updated with changes from the MLS®
a week ago
Price changed to $4,628,000
a month ago
Listing first seen on site
General Features
Disclosures
Natural Hazard Disclosure
Parking
Off Street
Parking Spaces
2
Property Sub Type
Multi Family
Security
Security Guard
Sewer
Public Sewer
SqFt Total
10358
Water Source
Public
Zoning
RM
Interior Features
Heating
Electric
Laundry Features
Common Area
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Exterior Features
Pool Features
None
Roof
CompositionRolled/Hot Mop
Community Features
Association Amenities
Coin Laundry
School District
Berkeley Unified
Schools
School District
Berkeley Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listed by of Eymon Binesh of Marcus & Millichap (650) 546-1030
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, MLS Listings, Inc..
Last checked: 2026-03-13 10:21 AM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
