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    1950 University Ave Berkeley, CA 94705

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $5,900,000

    20,747 SF Central Berkeley Office Building For Sale

    Property size:
    20,747 SF

    Description

    Added:
    Apr 10, 2025
    Days on Market:
    271
    Central Berkeley Office Building
    Major price reduction on this Great office space in excellent central Berkeley location, perfect for owner/user or investor. About 10,000 sq ft on each of 2 levels. Could be divided into smaller office spaces. Elevator, 14 parking spaces in gated area with direct access to the building. Ground floor could be transitioned to retail, commercial services, fitness, or other creative uses. 2nd flr has large skylight letting in ample natural light, sunny outdoor patio. 6 minute walk to downtown Berkeley BART, close to UC Berkeley, on a bus line, many restaurants nearby. Seller willing to carry a loan!

    Property Features for 1950 University Ave

    General Information

    Property type
    Office buildings
    Square Feet
    20,747 SF
    Price / Square Foot
    $284
    Total Parking Spaces
    14
    Elevators
    N/A
    Lot Size
    13,700 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    2
    Location Intelligence

    Current Use by Public Records

    East Bay Community ... Attorney Corrections Department Prison BERKELEY PAROLE UNIT ... Rehabilitation Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    State
    California
    Longitude
    -122.271743
    Latitude
    37.8712

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    FAQs

    What type of property is this?
    Office building - 20,747 SF Central Berkeley Office Building For Sale
    Where is this office building located?
    The property is located at 1950 University Ave Berkeley, CA.
    What is the asking price?
    The asking price for this property is $5,900,000.
    (510) 410-7083
    Request Owner's contact information
    1950 University Ave Berkeley, CA 94705
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    Berkeley, CA 94705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1950 University Ave Berkeley, CA 94705
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