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Berkeley Student Housing Opportunity
For Sale
$2,395,000
Pending

2702 Dana St, Berkeley, CA 94705

Rare opportunity to create high-demand student housing in Berkeley.

Property SizeContact for details
Lot Size0.34 Acres
Days on Market154

Property Features for 2702 Dana St

General Information

Standard status Pending
Lot size 0.34 Acres
Property subtype Investment

Building Details

Year Built 1957
Units 6
Listing Agency: Compass
Listed By: Willem Bos · License #02013980
Source: Elliman
Added: Mar 10 Changed: Aug 8 Last Checked: Aug 8 at 6:20AM

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 Compass

Investment Insights

Based on property information with market context.

2702 Dana Street presents an opportunity to create student housing. The property is configured as three duplexes: one detached and two conjoined duplexes with a central common area, allowing for a dorm-style layout. The conjoined duplexes include eight offices that can be converted into bedrooms, with potential for two beds per room. There are four kitchens and four bathrooms, supporting a two-bedroom per kitchen and bath configuration. The common area is suited for shared amenities such as a dining room, study lounge, or social space. Situated on an approximately 15,000 square foot lot, the property offers excess land for potential ADU development or future income opportunities. The property offers a combination of location, scale, parking, and flexibility for investors seeking long term returns. The property is located in Berkeley, CA.

Key Highlights

  • Prime location in a high‑demand student rental corridor in Berkeley.
  • Potential for high rental income, with nearby student housing achieving approximately $1,800 per bed.
  • Existing configuration supports efficient dorm‑style layout with potential for bedroom conversion from existing offices.

Property Analytics

Current Use

Grossman Lee MD Physician Epstein Robert A MD Physician Epstein Rebecca PHD Physician Baeuerien Janis A MD Physician Macvicar Mary K ... Physician

Suggested Use

Top Pick Home Appliance Store (Bike/Boat/Book/etc) Store Butcher Tanning Salon Pet Grooming Service Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,933
Businesses Nearby

Demographics for 94705, CA

13,591
Population
6,335
Households
2.1
Avg Household Size
42
Median Age
79%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
3,997
Density / Sq Mi
$163,254
Median Household Income
$75,864
Median Earnings
$2,330
Median Rent
$1,892,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Rare opportunity to create high-demand student housing in Berkeley.
Where is this duplex located?
The property is located at 2702 Dana St Berkeley, CA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Prime location in a high‑demand student rental corridor in Berkeley.; Potential for **high rental income**, with nearby student housing achieving approximately $1,800 per bed.; Existing configuration supports efficient dorm‑style layout with potential for bedroom conversion from existing offices.
More about this property
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