Three-Duplex Residential Income
2702 Dana St Berkeley, CA 94705
2702 Dana St, Berkeley, CA, 94705
$2,395,000
Pending
For Sale
$2,395,000
Pending
Residential income property configured as three duplexes with conjoined units arranged around a shared central common area.
Property Size5,567 SF
Lot Size0.34 Acres
Days on Market186
Property Features for 2702 Dana St
General Information
- Standard status
- Pending
- Size
- 5,567 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1957
Listing Agency
COMPASS
(916) 698-9954
Listed by
Willem Bos · License #02013980
(916) 698-9954
Source
Exitrealty
Added: Jan 13 Checked: Jul 17 at 5:11 am
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 St is currently configured as three duplexes, including one detached duplex and two conjoined duplexes arranged with a large central common area. The conjoined duplexes include eight office spaces that can be converted into bedrooms, supporting a dorm-style layout concept subject to buyer verification. Four kitchens and four bathrooms are already in place, providing an arrangement that can support a two-bedroom per kitchen and bath configuration. The central common area can serve shared use such as dining, study, or social space depending on the buyer’s renovation plan.
The property sits on an approximately 15,000 square foot lot in Berkeley, offering excess land that may allow for additional development such as an ADU, subject to buyer verification.
Buyer to verify all development and conversion potential. Financials referenced in the offering are based on conversion assumptions.
The property sits on an approximately 15,000 square foot lot in Berkeley, offering excess land that may allow for additional development such as an ADU, subject to buyer verification.
Buyer to verify all development and conversion potential. Financials referenced in the offering are based on conversion assumptions.
Key Highlights
- Built in 1957; currently configured as three duplexes (one detached, two conjoined) around a large central common area
- Two conjoined duplexes include eight offices that could be converted to bedrooms (potential two beds per room), for a dorm‑style layout
- Existing infrastructure includes four kitchens and four bathrooms, supporting a two‑bedroom per kitchen and bath configuration
Local Financial Insights For Apartment 5plus
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 | $211.8k | $38.04 |
| − Vacancy | −$10.6k | −$1.90 |
| EGI | $201.2k | $36.14 |
| − OpEx | −$90.5k | −$16.26 |
| NOI | $110.6k | $19.88 |
5,567 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,649 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,710 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grossman Lee MD
Physician
Epstein Robert A MD
Physician
Epstein Rebecca PHD
Physician
Baeuerien Janis A MD
Physician
Macvicar Mary K ...
Physician
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FAQs
What type of property is this?
Apartment building - Residential income property configured as three duplexes with conjoined units arranged around a shared central common area.
Where is this apartment building 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: Built in 1957; currently configured as three duplexes (one detached, two conjoined) around a large central common area; Two conjoined duplexes include eight offices that could be converted to bedrooms (potential two beds per room), for a dorm‑style layout; Existing infrastructure includes four kitchens and four bathrooms, supporting a two‑bedroom per kitchen and bath configuration
