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13-Unit Apartment Building Opportunity

2510 Le Conte Ave, Berkeley, CA 94709

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New

For Sale

$1,950,000

MULTI_FAMILY - Berkeley, CA

Property size:

7,566 SF

Lot size:

0.23 Acres

Price / SF:

$257/SF

HighLights

Brick building originally constructed in 1927, later converted to 13 residential units
Interior stripped and ready for rehabilitation or redevelopment (subject to applicable rules)
Berkeley R‑3H (Multiple‑Family Residential/Hillside Overlay) zoning district
Utilities include public water and public sewer; natural gas heating and gas water heater
Basement and hardwood flooring; unfinished flooring noted
Offsite parking

We can help!

Contact an agent

Mark Hardwicke

For Sale

$1,950,000

MULTI_FAMILY - Berkeley, CA

Property size:

7,566 SF

Lot size:

0.23 Acres

Price / SF:

$257/SF

Added:: Jul 7, 2026
Days on Market:: 1
Last Refresh:: Jul 7 at 7:06 pm

Property Features for 2510 Le Conte Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R-3H
Rooms: Basement
Parking features: Offsite
Appliances: Gas Water Heater
Standard status: Active
APN: 58219914
Size: 7,566 SF
Lot size: 0.23 Acres

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas
Water source: Public

Building Details

Year built: 1927
Flooring type: Hardwood, Unfinished
Building materials: Brick

We can help!

Contact an agent

Mark Hardwicke

Listing agent Mark Hardwicke License #01352634

Listing office BHG RE Reliance Partners 2095 Rose Street #100, DANVILLE, CA

Listing date Jul 7, 2026

MLS# 41140657

HighLights

Brick building originally constructed in 1927, later converted to 13 residential units
Interior stripped and ready for rehabilitation or redevelopment (subject to applicable rules)
Berkeley R‑3H (Multiple‑Family Residential/Hillside Overlay) zoning district
Utilities include public water and public sewer; natural gas heating and gas water heater
Basement and hardwood flooring; unfinished flooring noted
Offsite parking

Overview

Originally constructed in 1927 as a fraternity house, this property was later converted into 13 residential units. The building has been stripped of its interior finish materials, creating a clean starting point for a rehabilitation scope or for a redevelopment plan. The offering includes a lot of approximately 0.2296 acres and a building size of about 7,566 square feet.

The property is located in Berkeley’s Northside neighborhood, approximately two blocks from UC Berkeley. According to the remarks, it also provides immediate access to the commercial amenities along Euclid and Hearst Avenues, as well as Downtown Berkeley, AC Transit, and Downtown Berkeley BART.

Zoned R-3H (Multiple-Family Residential/Hillside Overlay), the site is suited to prospective owners evaluating either restoration of the existing 13-unit building or pursuit of redevelopment. Any redevelopment would be subject to applicable zoning, state housing legislation, and City of Berkeley planning policies.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$287.8k	$38.04
− Vacancy	−$14.4k	−$1.90
EGI	$273.4k	$36.14
− OpEx	−$123.0k	−$16.26
NOI	$150.4k	$19.88

7,566 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,381 @ 7.0% cap · market cap 7.71%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$2.93M

$2.56M – $3.41M (±1% cap)

NOI $204,827 @ 7.0% cap · market cap 10.50%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Berkeley
County: Alameda
State: California
Longitude: -122.260163
Latitude: 37.876801

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For sale
Apartment buildings
CA
Berkeley
94709
2510 Le Conte Ave

What type of property is this?

Apartment building - Stripped interior 13-unit building on a small Berkeley lot, ready for rehabilitation or redevelopment under R-3H zoning.

Where is this apartment building located?

The property is located at 2510 Le Conte Ave Berkeley, CA.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: Brick building originally constructed in 1927, later converted to 13 residential units; Interior stripped and ready for rehabilitation or redevelopment (subject to applicable rules); Berkeley R‑3H (Multiple‑Family Residential/Hillside Overlay) zoning district

2510 Le Conte Ave, Berkeley, CA 94709

MULTI_FAMILY - Berkeley, CA

Property Features for 2510 Le Conte Ave

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Seven-Unit Apartment Building

Historic Multifamily Estate

Well-Maintained 8-Unit Apartment Building

Berkeley Multifamily Investment Opportunity

Mixed-Use 7-Unit Property with Commercial

Duplex with Detached Garage

Berkeley Triplex with Spanish Revival

Mixed-Use Apartment and Retail Building

Berkeley Multifamily Investment Opportunity

Vacant Triplex with Fenced Yard

Berkeley Office Building with Parking

Duplex with Private Outdoor Space

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