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2451 Le Conte Ave
Berkeley, CA 94709 North Berkeley

$6,140,000 USD

Apartments For Sale • 12,756 SF

Property Details

Property Type Apartments
Total Building Size 12,756 SF
Lot Size 0.15 AC
Building Class C
Year Built 1928
Cap Rate 5.18 %

66 Transit Score

92 Walk Score

                
                    Highlights
                
                                Trophy Value-Add Asset in an Irreplaceable Northside Location - Steps From UC Berkeley
                            
                                Ideal For Student Housing
                            
                                Strong Historical & Projected Rent Growth
                            
                                Extensive Capital Improvements & Major System Upgrades
                            
                                Opportunity to Furnish Units & Maximize Density
                            
                                Chronic Housing Shortage Creates Consistent Demand

Financial Summary (Actual)

Net Operating Income: $318,000 USD (2024)

Cap Rate:	5.18 %
Total Expenses:	$238,627 USD

Amenities

24 Hour Access
Controlled Access
Tenant Controlled HVAC
Heating
Vintage Building
Kitchen
Hardwood Floors
Refrigerator
Oven
Range
Tub/Shower
Walk-In Closets
Double Pane Windows
Linen Closet
Smoke Detector

Public Transportation

Transit/Subway	Drive	Walk	Distance
Downtown Berkeley Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART))	3 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Metro Oakland International	27 min	-	15.1 mi
San Francisco International	33 min	-	25.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	7
Type:	Surface
Included in Rent:	Yes

Keith Manson 415-244-6300 Cushman & Wakefield

2451 Le Conte Ave Berkeley, CA 94709 North Berkeley