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1716-1732 University Ave
Berkeley, CA 94703 Downtown Berkeley

$4,775,000 USD

Apartments For Sale • 25,362 SF

Property Details

Property Type Apartments
Total Building Size 25,362 SF
Lot Size 0.31 AC
Building Class C
Year Built 1928
Cap Rate 6.21 %
Zoning C-U

69 Transit Score

95 Walk Score

                
                    Highlights
                
                                12% Residential Rental Upside
                            
                                In Place Cap Rate of 6.21%
                            
                                Extensively Renovated Asset – Over $2,600,000 in CapEx: Substantial Seismic Retrofit Completed, New Roof in 2022
                            
                                Coin Operated Laundry Facility
                            
                                Garage Parking On-Site
                            
                                Separately Metered Gas & Electric

Cap Rate:

6.21 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Delux Vapor
Edoko Japanese Restaurant
Rug Master Cleaning & Repair
Sacred Rose Tattoo

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Heating
Recycling
Smoke Free
Kitchen
Granite Countertops
Oven
Tub/Shower
Storage Space
Online Services
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Berkeley (Capitol Corridor - Amtrak)	4 min	-	1.5 mi
Emeryville (California Zephyr - Amtrak, Capitol Corridor - Amtrak, Coast Starlight - Amtrak, San Joaquins - Amtrak)	9 min	-	3.4 mi
Transit/Subway	Drive	Walk	Distance
North Berkeley Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART))	3 min	10 min	0.5 mi
North Berkeley (Berryessa/North San Jose to Richmond - Bay Area Rapid Transit (BART), Millbrae/SFO to Richmond - Bay Area Rapid Transit (BART), Richmond to Berryessa/North San Jose - Bay Area Rapid Transit (BART), Richmond to SFO/Millbrae - Bay Area Rapid Transit (BART))	3 min	10 min	0.5 mi
Downtown Berkeley (Berryessa/North San Jose to Richmond - Bay Area Rapid Transit (BART), Millbrae/SFO to Richmond - Bay Area Rapid Transit (BART), Richmond to Berryessa/North San Jose - Bay Area Rapid Transit (BART), Richmond to SFO/Millbrae - Bay Area Rapid Transit (BART))	2 min	11 min	0.6 mi
Downtown Berkeley Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART))	2 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
Metro Oakland International	26 min	-	14.5 mi
San Francisco International	40 min	-	24.8 mi

Ryan Rodriguez 510-433-5816 Colliers

1716-1732 University Ave Berkeley, CA 94703 Downtown Berkeley