2715 Benvenue Ave, Berkeley, CA 94705
2715 Benvenue Ave, Berkeley, CA 94705
2715 Benvenue Ave, Berkeley, CA 94705
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,750,000
Est. payment /mo
7,400 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Elmwood

MLS Listing ID 41135687

HOA Y/N No

Year Built 1935

Lot Size 7,400 Sqft

Property Sub-Type Apartment

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. Three units 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.

Location

State CA

County Alameda

Zoning R-2

Interior

Heating Electric

Cooling None

Fireplace No

Appliance Dryer, Washer

Exterior

Total Parking Spaces 6

Others

Tax ID 54170926

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Listed by Joey Wang Keller Williams Realty #01890931

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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2715 Benvenue Ave

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