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Berkeley Mixed-Use Asset For Sale

1732 University Ave Berkeley, CA 94705

1732 University Ave, Berkeley, CA, 94705

$4,200,000

For Sale

$4,200,000

25-unit mixed-use property near UC Berkeley with strong performance.

Property Size17,610 SF

Price / SF$238.50

AddedApr 10

Days on Market98

Last RefreshJul 15 at 1:22 pm

Property Features for 1732 University Ave

General Information

Standard status: Active
Size: 17,610 SF
Property subtype: Commercial

Building Details

Year Built: 1928

Listing office KELLER WILLIAMS REALTY

Listing date Apr 10, 2026

Source Corcoran

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 KELLER WILLIAMS REALTY

Investment Insights

Based on property information with market context.

Located on University Avenue, five blocks from UC Berkeley, the property at 1716-1732 University Ave is a 25-unit mixed-use asset. The 17,610 square foot property includes 20 residential units, consisting of 11 studios and 9 one-bedroom apartments, and 5 commercial spaces. A skylit interior courtyard provides natural light throughout the building. Capital improvements exceeding $2.6 million have been completed, including a seismic retrofit and a new roof in 2022. The location provides access to Downtown Berkeley, BART, dining, and retail. The property offers income and long-term upside.

Key Highlights

Prime location: 5 blocks from UC Berkeley on University Avenue.
Strong income potential: Offered at a near 6.5% CAP rate.
Significant capital improvements: Over $2.6M invested, including seismic retrofit and new roof in 2022.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $410,489 @ 7.0% cap · market cap 9.77%

Second Best

Apartment 5plus

$5.00M

$4.38M – $5.83M (±1% cap)

NOI $350,015 @ 7.0% cap · market cap 8.33%

Theoretical Best

Specialty Retail

$6.81M

$5.96M – $7.95M (±1% cap)

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

Suggested Use

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For sale
Mixed-use properties
CA
Berkeley
94705
1732 University Ave

What type of property is this?

Mixed-use property - 25-unit mixed-use property near UC Berkeley with strong performance.

Where is this mixed-use property 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: Prime location: 5 blocks from UC Berkeley on University Avenue.; Strong income potential: Offered at a near 6.5% CAP rate.; Significant capital improvements: Over $2.6M invested, including seismic retrofit and new roof in 2022.