Located just five blocks from UC Berkeley’s campus, 1716-1732 University Avenue’s studio & one-bedroom apartments come with updated kitchens and bathrooms with many units offering stainless steel appliances, granite countertops, and tile flooring. Built in 1928, the property offers an irreplaceable, infill location just walking distance from the beating heart of the city of Berkeley – the University of California, Berkeley. Residents benefit from a secure access building, abundance of storage space for bikes and being 0.7 miles from Downtown Berkeley BART.
In addition to immediate proximity to UC Berkeley, the property boasts a Walk Score of 96 and Bike Score of 100, a Walker & Biker’s Paradise where daily errands can be accomplished by foot or bike. The asset’s location is west of campus, just minutes from downtown Berkeley, home to various retail and entertainment options such as Trader Joe’s, UC Theatre, Tender Greens, McDonalds, and more. The neighborhood is near Long Life Vehi House, Rojbas Mediterranean Grill, Sushi California, and a plethora of other succulent dining options.
The community’s well-appointed unit interiors provide variable paths for adding value to the investment. Higher student and resident density coupled with reconfiguration could translate to a durable improvement in income growth.