3031 Telegraph Ave - Apartments FOR SALE


Berkeley, CA 94705- Elmwood
$10,500,000 USD
415-229-1245
3031 Telegraph Ave, Berkeley, CA for Sale
$10,500,000 USD
Apartments - FOR SALE
1/1
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3031 Telegraph Ave
Berkeley, CA 94705
Elmwood


OVERVIEW

3031 Telegraph Ave is an ideally located development site in the Elmwood District of Berkeley. Plans have been approved for a six-story residential infill. The project will replace a two story commercial structure with 127 new units. The new structure will yield approximately 108,677 square feet with 93,809 square feet for housing, 1,921 square feet for retail, and 7,977 square feet of garage parking. The proposed plan includes 19 two bedroom apartments, 54 one bedroom apartments, 54 studio apartments, and parking for 19 cars and 64 bicycles. 9 of the residential units are designated low income units. This property is ideally located directly across the street from a Whole Foods Market!

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

127

PRICE/UNIT

$82,677

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2028

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,604 SF

ZONING

C-C

APN/PARCEL ID

052-1574-104-00

ASK ABOUT THIS PROPERTY

Daniel McGueColdwell Banker Commercial RealtyMore Info
415-229-1245

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Daniel McGueColdwell Banker Commercial RealtyMore Info
415-229-1245

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