Therapy Building and Residential
2702 Dana St Berkeley, CA 94705
2702 Dana St, Berkeley, CA, 94705
$2,400,000
For Sale
$2,400,000
Therapy building and duplex near UC Berkeley campus for sale.
Property Size5,466 SF
Price / SF$439.08
Days on Market433
Property Features for 2702 Dana St
General Information
- Standard status
- Active
- Size
- 5,466 SF
Building Details
- Year Built
- 1957
Listing Agency
ROHNER REAL ESTATE
Listed by
ANDY ROHNER
Source
Corcoran
Added: May 10, 2025 Checked: Mar 16 at 9:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROHNER REAL ESTATE
Investment Insights
Based on property information with market context.
This property features a therapy building and a residential duplex situated on a parcel of approximately 15,000 square feet. The therapy building, encompassing approximately 3,871 square feet, includes a large shared area and four separate wings. Each wing contains two spacious offices with natural light and wood floors, a kitchenette/break room, a full bathroom with shower, private hallways, and small storage closets. The shared area includes a large waiting/reception room and a common bathroom. The residential duplex, totaling approximately 1,605 square feet, comprises two spacious 2-bedroom, 1-bathroom apartment units. The upstairs apartment is currently leased for $2,403 per month and includes a large full-height flex-space in the attic with stair access. The lower unit is currently vacant. Both buildings have private parking lots. The property is located on a tree-lined street near Telegraph Avenue in a quiet neighborhood setting, near the UC Berkeley campus and Ashby Avenue.
Key Highlights
- Therapy building featuring four separate wings, each with two spacious offices, kitchenette, full bathroom, and private hallways.
- Residential duplex with two spacious 2BD/1BA apartment units provides rental income potential.
- Upstairs apartment currently leased for $2,403/month with additional full‑height flex‑space in attic.
Local Financial Insights For Multifamily LT 5
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 | $186.9k | $34.20 |
| − Vacancy | −$9.7k | −$1.78 |
| EGI | $177.2k | $32.42 |
| − OpEx | −$53.2k | −$9.73 |
| NOI | $124.1k | $22.70 |
5,466 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $124,052 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,642 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $147,976 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grossman Lee MD
Physician
Epstein Robert A MD
Physician
Epstein Rebecca PHD
Physician
Baeuerien Janis A MD
Physician
Macvicar Mary K ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Mark Matteucci, DVM — 2126 Haste St, Berkeley, CA 94704
- Christina Marion — 2126 Haste St, Berkeley, CA 94704
- Moi Kouch — 2126 Haste St, Berkeley, CA 94704
- Alina Kelman — 2126 Haste St, Berkeley, CA 94704
- Barbara Wang — 2126 Haste St, Berkeley, CA 94704
FAQs
What type of property is this?
Medical Office Space - Therapy building and duplex near UC Berkeley campus for sale.
Where is this medical office space located?
The property is located at 2702 Dana St Berkeley, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Therapy building featuring four separate wings, each with two spacious offices, kitchenette, full bathroom, and private hallways.; Residential duplex with two spacious 2BD/1BA apartment units provides rental income potential.; Upstairs apartment currently leased for $2,403/month with additional full‑height flex‑space in attic.
