Berkeley Mixed-Use Investment
2414 Telegraph Avenue, Berkeley, CA 94704
Mixed-use building near UC Berkeley with value-add potential.
Type:Multifamily
Property size:
39,682 SFPrice / SF:
$378/SF- Added:
- Nov 21, 2025
- Days on Market:
- 191
- Last Refresh:
- May 8 at 11:19 pm
Property Features for 2414 Telegraph Avenue
General Information
- Standard status
- Active
- Size
- 39,682 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1919
Listing agent James Kilpatrick License #CalDRE #01277022
Listing office NAI Northern California (510) 290-9647
Listing date Nov 21, 2025
Source Naiglobal
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 NAI Northern California
HighLights
- Premier location adjacent to UC Berkeley, ensuring high demand.
- Significant capital improvements including seismic retrofit and upgraded systems.
- Value‑add potential through ADU conversion/addition or new construction expansion.
- Mixed‑use building with 42 units and 5 ground‑floor retail spaces, plus an income‑producing patio.
- Pride of ownership asset with classic architectural details and well‑maintained interiors.
- Located in the high‑demand Berkeley multifamily submarket.
Overview
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.
Local Financial Insights For Retail
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 | $1.43M | $36.00 |
| − Vacancy | −$107.1k | −$2.70 |
| EGI | $1.32M | $33.30 |
| − OpEx | −$396.4k | −$9.99 |
| NOI | $925.0k | $23.31 |
39,682 SF · lease $36.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$13.21M
$11.56M – $15.42M
NOI $924,987 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$11.27M
$9.86M – $13.15M
NOI $788,715 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$15.35M
$13.43M – $17.90M
NOI $1,074,271 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
iCustompainting
Printing Service
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.259
- Latitude
- 37.8665
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building near UC Berkeley with value-add potential.
Where is this mixed-use property located?
The property is located at 2414 Telegraph Avenue Berkeley, CA.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Premier location adjacent to UC Berkeley, ensuring high demand.; Significant capital improvements including seismic retrofit and upgraded systems.; Value‑add potential through ADU conversion/addition or new construction expansion.
