Mixed-Use Asset Near UC
For Sale
$15,000,000
2414 Telegraph Avenue, Berkeley, CA 94704
Premier mixed-use property with residential and retail units near UC Berkeley.
Property Size39,682 SF
Price / SF$7,500
Days on Market177
Property Features for 2414 Telegraph Avenue
General Information
Standard status
Active
Size
39,682 SF
Property subtype
Retail
Building Details
Building Size
39,682 SF
Year Built
1919
Units
42
Listing Agency:
NAI Northern California
(510) 290-9647
Listed By:
James Kilpatrick · License #CalDRE #01277022
Source:
Nainorcal
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 29 at 6:02AM
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
Investment Insights
Based on property information with market context.
Located two blocks from UC Berkeley in the Telegraph Avenue District, this mixed-use property presents an investment opportunity. The property comprises 42 units, including 37 residential units and 5 retail spaces, along with an income-producing patio of approximately 2,000 square feet. The Berkeley multifamily submarket, with over 19,000 units, benefits from the presence of the University of California, creating a consistent demand from renters. Renters account for approximately 60% of households, exceeding the metro average of 40%. Berkeley has experienced population growth, adding around 11,000 residents since 2010, a gain of over 10%. The property includes 5 parking spaces and 10 carports with redevelopment potential. Significant capital improvements have been made, and the large lot offers value-add potential with underutilized space.
Key Highlights
- Premier location adjacent to UC Berkeley, the #1 public university in the world, ensuring a constant stream of renters.
- Pride of ownership asset with 42 units (37 residential and 5 retail).
- Significant capital improvements have been made.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,456
Businesses Nearby
Explore this area
Business Placement
Demographics for 94704, CA
25,259
Population
9,722
Households
2.6
Avg Household Size
26
Median Age
72%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
28,066
Density / Sq Mi
$52,105
Median Household Income
$17,509
Median Earnings
$1,987
Median Rent
$918,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Premier mixed-use property with residential and retail units near UC Berkeley.
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, the #1 public university in the world, ensuring a constant stream of renters.; Pride of ownership asset with 42 units (37 residential and 5 retail).; Significant capital improvements have been made.
