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CollegeBerkeley, CA 94705

For Sale

$4,388,000

Smart Buyer Rebate $43,880

Located in the heart of Berkeley's highly sought-after Elmwood neighborhood, 2801 College Avenue presents a rare opportunity to acquire a 21-unit apartment community in one of the East Bay's premier rental markets. The property offers an attractive mix of one-bedroom, two-bedroom, and studio floor plans, providing broad tenant appeal and long-term occupancy stability. Offered at an in-place 6.29% CAP rate with substantial upside through future rental growth, the asset combines strong day-one cash flow with significant value-add potential. Priced at just $209,000 per unit, 2801 College Avenue represents an exceptional value in a supply-constrained location, just steps from the vibrant College Avenue retail corridor, renowned restaurants, cafés, and UC Berkeley.

Listed by Eymon Binesh

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License #02060059

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Marcus & Millichap

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650-546-1030

Listed by Mark Kis

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License #02248309

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Marcus & Millichap

Last updated July 20, 2026

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Source: MLSListings #ML82053675

Listing Facts

  • TypeMulti-family
  • NeighborhoodCragmont
  • Days on Prevu23
  • Size9,172 sqft
  • Price per sqft$478

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

07/09/2026
Listed by Marcus & Millichap
$4,388,000

Property Details for College

Association

General

  • Number Of Units In Community: 21

Exterior

Construction

  • Roof: Rolled/Hot Mop
  • Year Built: 1957

Measurements

  • Building Area Total: 9,172
  • Lot Size Area: 7,400
  • Lot Size Square Feet: 7,400

Financial

Taxes

  • Parcel Number: 053-1696-001

Interior

Measurements

  • Living Area: 9,172

Parking

Parking

  • Carport: Yes
  • Parking Features: Off-Street Parking
  • Parking Total: 2

Schools

Elementary School

  • Elementary School District: Berkeley Unified

High School

  • High School District: Berkeley Unified

Utilities

Equipment

  • Heating: Electric
  • Laundry Features: Coin Operated
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at College.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for College.

How does College compare to other multi-family homes in Cragmont?

This multi-family home is listed 0% below the average price for multi-family homes in Cragmont and has been on the market for 29 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 9,172 sqft.

College is a -bedroom multi-family home for sale in Berkeley CA 94705. Available on Prevu for 23 days at $4,388,000. This home features 9,172 square feet of living space, located in Cragmont. The median listing price for multi-family homes in this area is $1,100,000. Additional amenities include pets allowed and parking. Browse more multi-family home listings in Berkeley.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 07/20/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.