1716-1732 University Ave - Apartments FOR SALE


Berkeley, CA 94703- Downtown Berkeley
$4,200,000 USD
1716-1732 University Ave, Berkeley, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/19
null | 6.2% Cap Rate

1716-1732 University Ave
Berkeley, CA 94703
Downtown Berkeley


HIGHLIGHTS

  • The property includes 20 residential units (11 studios and 9 one-bedrooms) and 5 commercial spaces across 17,610 sq ft.
  • Over $2.6M in capital improvements have been completed, including a seismic retrofit and a new roof in 2022.
  • With a Walk Score of 95 and Bike Score of 100, tenants benefit from immediate access to Downtown Berkeley, BART, dining, and retail

OVERVIEW

Positioned on Berkeley’s iconic University Avenue just five blocks from UC Berkeley, 1716-1732 University Ave is a 25-unit mixed-use asset offering scale, visibility, and strong in-place performance. The property includes 20 residential units (11 studios and 9 one-bedrooms) and 5 commercial spaces across 17,610 sq ft. A bright, skylit interior courtyard creates a welcoming central space while allowing natural light to flow through the building. Over $2.6M in capital improvements have been completed, including a seismic retrofit and a new roof in 2022. With a Walk Score of 95 and Bike Score of 100, tenants benefit from immediate access to Downtown Berkeley, BART, dining, and retail. Offered at a near 6.5% CAP and approximately $239/sf, this is a rare opportunity to acquire a high-exposure Berkeley asset with both income and long-term upside. TRANSPARENT PRICE. Contact Joey at joey.wang@loremultifamily.com with questions. For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale/ Offers are due on Tuesday, April 28th, by noon. Disclaimer: The photos in this listing have been digitally enhanced.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

25

PRICE/UNIT

$168,000

CAP RATE

6.2%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C-U

APN/PARCEL ID

056-2011-021-00

ASK ABOUT THIS PROPERTY

Joey WangKW CommercialMore Info

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