Student Housing Conversion and ADU Upside Opportunity *** Financials based on projected income*** 2702 Dana Street presents a rare opportunity to reposition a well-located Berkeley asset into high demand student housing while also benefiting from future development potential on a large parcel. The property is currently configured as three duplexes; one detached and two conjoined duplexes with a large central common area, allowing for an efficient dorm-style layout. The existing layout includes eight offices that can be converted into bedrooms, allowing for two beds per room. The property is underwritten at approximately $1,400 per bed, while comparable nearby student housing achieves rents closer to $1,800 per bed. Four kitchens and four bathrooms are already in place, providing an efficient two bedroom per kitchen and bath configuration. A large central common area offers excellent potential for shared amenities such as a dining room, study lounge, or social space, further enhancing tenant appeal and rental performance. Only minor cosmetic upgrades are needed to complete the student housing conversion. The approximately 15,000 square foot lot provides substantial additional value with potential for ADU development or other future income opportunities, subject to buyer verification. 2702 Dana Street combines location, scale, parking, and flexible configuration, making it an ideal candidate for student housing conversion, long term income growth, or future development. Buyer to verify all development, zoning, and conversion potential. Buyer to do their own research