2171-2175 Allston Way - Apartments FOR SALE


Berkeley, CA 94704- Downtown Berkeley
$16,800,000 USD
415-254-7071
2171-2175 Allston Way, Berkeley, CA for Sale
$16,800,000 USD
Apartments - FOR SALE
1/5
null | 5.39% Cap Rate

2171-2175 Allston Way
Berkeley, CA 94704
Downtown Berkeley


HIGHLIGHTS

  • 47 units (singles, studios, 1-BR, 2-BR) & 6 retail suites
  • Steps from UC Berkeley campus
  • Surrounded by 200+ restaurants, shops, theaters & cultural venues, exceptional foot traffic

OVERVIEW

Oxford Hall: A premier mixed-use student housing property in the heart of Downtown Berkeley, directly across from UC Berkeley's main entrance. This well-positioned asset offers a rare chance to acquire a high-performing property in one of California's most sought-after markets, driven by chronic housing shortages and a student population exceeding 45,000. Property Overview Building Size: 31,802 SF (Approx. 23,072 SF multifamily + 8,730 SF commercial rentable) Lot Size: 12,250 SF (0.28 acres) Stories: 3 (Ground-floor retail with residential above) Unit Mix: Residential: 47 units (mix of single rooms, studios, one-bedrooms, and two-bedrooms) Commercial: 6 suites (Current tenants include Replica Copy, Alborz Persian Restaurant, Spice, Sumo Roll Sushi, and Domingo Property Management; one vacant space) Key Highlights Unmatched Location: Steps from UC Berkeley's campus, one block from Downtown Berkeley BART for easy access to San Francisco and Oakland. Surrounded by over 200 restaurants, cafes, shops, theaters, and cultural venues like the Berkeley Art Museum and Pacific Film Archive—driving high foot traffic and tenant demand. Strong Student Housing Demand: Berkeley's undersupplied market ensures consistent occupancy and rental growth. Tailored for UC Berkeley students, faculty, and staff with efficient layouts and inclusive utilities. Diversified Income Streams: Blend of residential and retail for stable cash flow. Commercial spaces attract premium tenants in a vibrant corridor, with opportunities for renewal or repositioning. Classic Appeal with Modern Functionality: Sturdy brick construction with practical features like high ceilings and natural light. Market Strength: Proximity to Silicon Valley (30 minutes via BART) and Berkeley's innovation ecosystem positions this for long-term appreciation in a barrier-to-entry market.

FOR SALE DETAILS

PRICE

$16,800,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

46

PRICE/UNIT

$365,217

CAP RATE

5.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2150 Oxford St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

C-DMU

APN/PARCEL ID

057-2031-002-00

ASK ABOUT THIS PROPERTY

Philip BatlinMarcus & MillichapMore Info
415-254-7071

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Philip BatlinMarcus & MillichapMore Info
415-254-7071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.