2715 Benvenue Ave, Berkeley, CA 94705
- $1,750,000
Listed by Joey Wang, (510) 592-5554 from Keller Williams Realty
(If provided) CoList: from
- List Price
- $1,750,000
- MLS#
- EB41135687
- Status
- ACTIVE
- Lot Size
- 7,400
- Listing Area
- Berkeley Map Area 9
- Year Built
- 1935
Property Description
Pre-war 1935 six-unit apartment building one block off College Avenue, minutes from UC Berkeley, Ashby BART, Rockridge, and the Claremont Hotel, with quick access to Highways 13, 24, and 580. Four 2BR/1BA units plus two 1BR/1BA units across 4,676 rentable SF on a 7,400 SF lot. Three units delivered vacant at closing - immediate releasing on half the building. Units 3 and 4 already leased at $3,400, validating the market rent. Unit 5 captures west-facing Bay views; Unit 6 captures south-facing city views - both unobstructed and private. New roof (2024-2025). Six on-site parking spaces - rentable as a separate income line. $291,667/unit, $317/SF. Current cap 5.96%, market cap 7.47%. Built for a 1031 buyer or local investor who wants Berkeley appreciation paired with immediate operational upside.
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Additional Information
- Acres
- 0.17
- Amenities
- Balcony/Patio
- Cooling System
- None
- Exterior Features
- Siding - Wood, Wood Frame, Brick
- Floor Covering
- Tile, Vinyl, Carpet - Wall to Wall
- Garage Parking
- Parking Area
- Heating System
- Electric
- Laundry Facilities
- In Basement, Washer, Dryer
- Lot Size
- 7,400
- Neighborhood
- Berkeley Map Area 9
- Numberof Units
- 6
- Other Rooms
- Basement - Finished
- Unincorporated Yn
- Yes
- Zoning
- R-2
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