Berkeley Hotel Near UC
920 University Avenue Berkeley, CA 94710
920 University Avenue, Berkeley, CA, 94710
$19,750,000
For Sale
$19,750,000
University Inn – Berkeley, CA
Property Size93,992 SF
Lot Size1.54 Acres
Price / SF$210.12
AddedJan 28, 2025
Days on Market534
Last RefreshMar 16 at 9:06 am
Property Features for 920 University Avenue
General Information
- Standard status
- Active
- Property type
- Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
- Size
- 93,992 SF
- Elevators
- N/A
- Lot size
- 1.54 Acres
Building Details
- Year Built
- 1965
- Buildings
- 1
- Stories
- 3
- Units
- 113
Listing agent David (818) 667-0627
Listing office (818) 667-0627
Listing date Jan 28, 2025
Investment Insights
Based on property information with market context.
The University Inn is a 113-key, three-story hotel situated on a 1.54-acre lot. Located on University Avenue in Berkeley, California, the property is near the University of California, Berkeley, and Lawrence Berkeley National Laboratory. The hotel features ample parking and banquet space. A full-service restaurant is currently closed. The building size is 93,992 square feet. The location provides access to Tilden Regional Park, Berkeley Marina, and the downtown area. It is located 2.2 miles from UC Berkeley, 12.6 miles from San Francisco, and 16.6 miles from Oakland.
Key Highlights
- 113 room, 3 story interior corridor hotel on 1.54 acres
- Located on University Avenue
- Excess parking & banquet space
Local Financial Insights For Hotel Hospitality
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 | $2.03M | $21.60 |
| − Vacancy | −$243.6k | −$2.59 |
| EGI | $1.79M | $19.01 |
| − OpEx | −$938.0k | −$9.98 |
| NOI | $848.6k | $9.03 |
93,992 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Apartment 5plus
$26.69M
$23.35M – $31.14M
NOI $1,868,176 @ 7.0% cap · market cap 9.46%
Second Best
Hotel Hospitality
$12.12M
$10.61M – $14.14M
NOI $848,635 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$36.35M
$31.81M – $42.41M
NOI $2,544,551 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
La Quinta Inn ...
Hotel & Motel
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FAQs
What type of property is this?
Hotel - University Inn – Berkeley, CA
Where is this hotel located?
The property is located at 920 University Avenue Berkeley, CA.
What is the asking price?
The asking price for this property is $19,750,000.
What are key features of this property?
This property features: 113 room, 3 story interior corridor hotel on 1.54 acres; Located on University Avenue; Excess parking & banquet space
