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2711 Shattuck Ave
Berkeley, CA 94705

$5,270,000 USD

Apartments For Sale • 10,451 SF

Property Details

Property Type Apartments
Total Building Size 10,451 SF
Lot Size 0.12 AC
Building Class B
Year Built 2018
Cap Rate 5.39 %
Zoning C-SA

66 Transit Score

94 Walk Score

                
                    Highlights
                
                                RARE CHANCE TO ACQUIRE NEWLY CONSTRUCTED MULTIFAMILY PRODUCT IN THE CITY OF BERKELEY AT A FRACTION OF REPLACEMENT COST
                            
                                FULLY FURNISHED UNITS AND MODERN FINISHES PRESENT AN OPPORTUNITY FOR PREMIUM RENTAL RATES
                            
                                THOUGHTFULLY DESIGNED FOR MINIMAL AND EFFICIENT REPAIRS & MAINTENANCE
                            
                                STEPS FROM UC BERKELEY: THE #1 PUBLIC UNIVERSITY IN THE WORLD, 2ND LARGEST STUDENT POPULATION AND LOWEST % OF BEDS PER STUDENT OF ANY UC CAMPUS
                            
                                UC BERKELEY HAS SUBSTANTIAL HISTORICAL AND FUTURE STUDENT, FACULTY AND STAFF POPULATION GROWTH
                            
                                THE CITY OF BERKELEY HAS EXCELLENT HISTORICAL & FORECASTED RENT  GROWTH

Financial Summary (Actual)

Net Operating Income: $283,937 USD (2023)

Cap Rate:	5.39 %
Total Expenses:	$238,401 USD

Amenities

Air Conditioning
Cable Ready
Controlled Access
Courtyard
Dishwasher
Disposal
Laundry Facilities
Microwave
Security System
Storage Space
Heating
Furnished Units Available
Package Service
Smoke Free
Tile Floors
Kitchen
Hardwood Floors
Refrigerator
Sprinkler System
Stainless Steel Appliances
Wi-Fi
Bicycle Storage
Community-Wide WiFi
Breakfast Nook
Double Pane Windows
Freezer
Wheelchair Accessible (Rooms)

Public Transportation

Commuter Rail	Drive	Walk	Distance
Emeryville (California Zephyr - Capitol Corridor Joint Powers Authority, Capitol Corridor - Capitol Corridor Joint Powers Authority, Coast Starlight - Capitol Corridor Joint Powers Authority, San Joaquins - Capitol Corridor Joint Powers Authority)	7 min	-	2.4 mi
Berkeley (Capitol Corridor - Amtrak)	7 min	-	2.6 mi
Transit/Subway	Drive	Walk	Distance
Ashby Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART))	2 min	10 min	0.5 mi
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	23 min	-	13.7 mi
San Francisco International	39 min	-	23.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Surface
Included in Rent:	Yes

Keith Manson 415-244-6300 CBRE, Inc.

2711 Shattuck Ave Berkeley, CA 94705