2610 College Ave | Berkeley, CA 94704
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- LoopNet Team
2610 College Ave
Berkeley, CA 94704
Value-Add, Multi-Bed Student Housing · Multifamily Property For Sale · 9 Units
Investment Highlights
- 2610 College Ave is a 90% occupied, nine-unit, 11-bed student housing asset with month-to-month leases.
- The property is a cash-flowing asset with immense value-add via permits for an ADU and a basement conversion.
- Asset improvement expenditures include a modified open basement with electrical/plumbing replaced and $200K spent on interior renovations.
- Located three blocks from the University of California, Berkeley, and less than 15 miles from Oakland International Airport.
- UC Berkeley continues to see strong student demand, with 1.7% annual enrollment growth and an ongoing need for off-campus housing.
- Units consist of one studio, four shared rooms, two private rooms, a basement, and an upper unit with four bedrooms and two baths.
PROPERTY FACTS
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
- Attic
- Basement
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+2 | 2 | - | - |
| 6+2 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 055-1845-008-00 | Improvements Assessment | $1,299,970 |
| Land Assessment | $557,130 | Total Assessment | $1,857,100 |
PROPERTY TAXES
Parcel Number
055-1845-008-00
Land Assessment
$557,130
Improvements Assessment
$1,299,970
Total Assessment
$1,857,100
zoning
| Zoning Code | R-3 (Multiple Family Residential) |
| R-3 (Multiple Family Residential) |
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