2414 Telegraph Ave Berkeley, CA 94704

Located two blocks from UC Berkeley in the Telegraph Avenue District, this mixed-use building at 2414 Telegraph Avenue presents an investment opportunity. The six-story building includes five ground-floor retail spaces, a 2,000-square-foot income-producing patio, and thirty-seven residential units. The residential units consist of 10 studios, 17 one-bedroom, and 10 two-bedroom units. Constructed in 1919, the building retains classic architectural details. Situated on a 16,325 square foot lot, the property measures approximately 40,000 square feet and includes private parking accessible via Channing Way. Recent capital improvements include seismic retrofitting, an upgraded roof system, upgraded electrical service, a full electrical rewire, and upgraded plumbing. The residential units feature hardwood floors, crown molding, built-in cabinetry, and closet storage. There is value-add potential through ADU conversion or new construction expansion. The north side access region on Channing Way features a 1,430-square-foot vacant retail building adjacent to ten carports, which have the potential to be converted to habitable space. The property is located just south of Channing Way, a short walk from the UC Berkeley campus. The property has five parking spaces and ten carports with redevelopment potential.