Mixed-Use Apartment and Retail
1732 University Ave Berkeley, CA 94705
1732 University Ave, Berkeley, CA, 94705
$4,200,000
For Sale
$4,200,000
MULTI_FAMILY - Berkeley, CA
Property Size17,610 SF
Lot Size0.32 Acres
Price / SF$238.50
Days on Market104
Property Features for 1732 University Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Laundry Room
- Parking features
- Covered, Parking Lot, Garage
- Appliances
- Free-Standing Range, Refrigerator, Dryer, Washer, Gas Water Heater
- Standard status
- Active
- Size
- 17,610 SF
- Lot size
- 0.32 Acres
Utilities
- Sewer type
- Public Sewer, Septic Tank
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1928
- Flooring type
- Hardwood, Tile, Carpet
- Building materials
- Stucco
- Roof type
- Shingle
Listing agency
Keller Williams Realty
(925) 934-2900
Listed by
Joey Wang · License #01890931
(510) 592-5554
Added: Apr 9 Updated: Jul 12 at 5:31AM Checked: Jul 21 at 7:06PM
MLS# 41130262
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1716-1732 University Ave is a 25-unit mixed-use building with 20 residential units and 5 commercial spaces. The residential mix includes 11 studios and 9 one-bedrooms. A bright, skylit interior courtyard serves as a central gathering space and brings natural light through the building.
The property is positioned on Berkeley’s University Avenue, approximately five blocks from UC Berkeley. It benefits from a highly walkable and bike-friendly setting, with Walk Score of 95 and Bike Score of 100, supporting convenient access to Downtown Berkeley, BART, dining, and retail.
This offering combines in-place residential income with additional revenue from ground-floor commercial spaces. Recent capital improvements include a seismic retrofit and a new roof completed in 2022, supporting ongoing long-term building operations. The asset’s scale and established unit mix make it well-suited for investors seeking a mixed-use platform in a high-exposure Berkeley corridor.
The property is positioned on Berkeley’s University Avenue, approximately five blocks from UC Berkeley. It benefits from a highly walkable and bike-friendly setting, with Walk Score of 95 and Bike Score of 100, supporting convenient access to Downtown Berkeley, BART, dining, and retail.
This offering combines in-place residential income with additional revenue from ground-floor commercial spaces. Recent capital improvements include a seismic retrofit and a new roof completed in 2022, supporting ongoing long-term building operations. The asset’s scale and established unit mix make it well-suited for investors seeking a mixed-use platform in a high-exposure Berkeley corridor.
Key Highlights
- 25‑unit mixed‑use property at 1716–1732 University Ave, with 20 residential units (11 studios, 9 one‑bedrooms) and 5 commercial spaces
- Total building size: 17,610 SF
- Major improvements include seismic retrofit and new roof completed in 2022 (over $2.6M in capital improvements reported)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $669.9k | $38.04 |
| − Vacancy | −$33.5k | −$1.90 |
| EGI | $636.4k | $36.14 |
| − OpEx | −$286.4k | −$16.26 |
| NOI | $350.0k | $19.88 |
17,610 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$5.86M
$5.13M – $6.84M
NOI $410,489 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$5.00M
$4.38M – $5.83M
NOI $350,015 @ 7.0% cap · market cap 8.33%
Theoretical Best
Specialty Retail
$6.81M
$5.96M – $7.95M
NOI $476,738 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
E'lan Nail Bar
Nail Salon
AJZ Carpet Cleaning ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 25-unit Berkeley mixed-use property with skylit courtyard, 5 storefront spaces, and recent seismic and roof improvements.
Where is this apartment building located?
The property is located at 1732 University Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 25‑unit mixed‑use property at 1716–1732 University Ave, with 20 residential units (11 studios, 9 one‑bedrooms) and 5 commercial spaces; Total building size: 17,610 SF; Major improvements include seismic retrofit and new roof completed in 2022 (over $2.6M in capital improvements reported)
