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, cafs, and UC Berkeley.

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Property Details of 2801 College Avenue

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Listed by Eymon Binesh of Marcus & Millichap

Based on information submitted to CRMLS as of July 14, 2026 10:51 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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