1015 University Ave

Berkeley, CA, 94710

$3,700,000

$300 per ft²
$3,700,000
$300 per ft²
Active
Active
 - For Sale
carpenters-square
12,295 ft²
property_type
Commercial
calendar
Built 1925
200k price reduction! 1015-1027 University Avenue is a 14-unit mixed-use property in a prime location. This is a unique value-add opportunity that offers an 7.3% cap rate upon completion and re-leasing of vacant units. The building consists of 10 residential units above five commercial spaces on highly trafficked University Ave. Great upside potential for residential units allowing the next owner to decide exact unit count and configuration. One commercial space, previously used as residential, can either remain a separate unit or be combined with adjacent commercial spaces. Endless possibilities.
MLS® ID:
40989260
Listed:
4/17/22
Updated:
8/19/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Concrete, Vinyl, Carpet, Other
Cooling
None
Heating
Floor Furnace, Wall Furnace

Exterior/Building Features

Lot Size
8,708 ft² lot
Lot Details
Corner Lot
Roof
Rolled/Hot Mop

Other Property Details

Garage
No
Parking
Uncovered Parking Space
View
N
County
Alameda
Pool
No

Property History

Date
Event
Price
Value
6/29/22
Price Change
$3,700,000
-5%

Courtesy of Marcus & Millichap, Gabriel Galiothe

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