2715 Benvenue Ave, Berkeley, CA 94705
- $1,650,000
- Sold Price
- $1,650,000
- List Price
- $1,750,000
- Status
- CLOSED
- Days on Market
- 89
- Closing Date
- Sep 10, 2026
- MLS#
- 41135687
- Subtype
- Residential Income
- Year Built
- 1935
- Lot Size
- 7,400
- Acres
- 0.17
- Subdivision
- Elmwood
- Neighborhood
- Elmwood
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. One unit 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
- Zoning
- R-2
- Appliances
- Dryer, Washer
- Heating
- Electric
- Air Conditioning
- Yes
- Exterior Construction
- Brick, Wood Siding
Listing courtesy of Listing Agent: Joey Wang (joey.wang@loremultifamily.com) from Listing Office: Keller Williams Realty.
Listing sold by Peter Whang from Haylen Real Estate
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