Berkeley Mixed-Use Investment
2414 Telegraph Avenue Berkeley, CA 94704
For Sale
$15,000,000
Mixed-use building near UC Berkeley with value-add potential.
Property Size39,682 SF
Price / SF$378.01
Days on Market250
Property Features for 2414 Telegraph Avenue
General Information
Standard status
Active
Size
39,682 SF
Property subtype
Multifamily
Building Details
Year Built
1919
Listing Agency:
NAI Northern California
(510) 290-9647
Listed By:
James Kilpatrick · License #CalDRE #01277022
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 29 at 4:10AM
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 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.
Key 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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
