Elmwood Shopping District 2980 College Ave

9,424 SF 100% Leased Retail Building Berkeley, CA 94705 $4,950,000 ($525/SF) 5.63% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Property Features a Condominium Structure with Thirteen Units Consisting of Six Commercial Units and SevenResidential Units
Strategically Located in a High Income, Upscale Neighborhood with a Car Count of Over 50,000 Daily
Prime Elmwood Location - Close to UC Berkeley Campus, BART, Numerous Cafés, Restaurants, Boutiques, Independent Merchants and Services

Residential Units Boast Amenities Including Washer/Dryer In-Unit, Air Conditioning, Heating, Dishwasher, Disposal, Stainless Steel Appliances
Eleven Condo Parcels Which Can Be Sold Separately
Incredible Seller Financing Available for Qualified Buyers 4.5% Interest Only

EXECUTIVE SUMMARY

The Pinza Group is pleased to present Elmwood Village at 2980 College Ave in Berkeley, CA, featuring a condominium structure with thirteen (13) well-maintained units comprising six (6) commercial units and seven (7) residential units. The residential units consist of one 3bd/2bth unit, two (2) 2bd/2bth units, two (2) 1bd/1bth units, and two (2) studio apartments. Tenants are responsible for gas and electricity, which keeps owner expenses low. The property is in excellent condition with no issues reported. Residential units boast amenities including washer/dryer in-unit, air conditioning, heating, cable readiness, dishwasher, disposal, stainless steel appliances, microwave, refrigerator, carpet, tile floors, vinyl flooring, walk-in closets, and large bedrooms. The property is fully occupied by stable tenants, most of whom are paying near market-rate rents, presenting an extremely rare opportunity to acquire a fully turnkey asset in one of the Bay Area's hottest rental markets.