16-Room Student Housing
For Sale
$3,200,000
2714 Durant Ave, Berkeley, CA 94704
The vacant building includes a first-floor shared living space and a finished basement.
Property Size4,800 SF
Days on Market17
Property Features for 2714 Durant Ave
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Multifamily
Amenities
Common living area
Fully built-out basement
2714 Durant Avenue is located approximately three blocks from UC Berkeley, providing convenient access to campus and surrounding student-oriented amenities
Positioned within Berkeley's fraternity and sorority housing corridor, the property offers a strategic location for Greek organizations and student housing operators.
The property is configured for 22 beds across 16 rooms, providing an established layout suited for fraternity, sorority, or student housing use.
Building Details
Building Size
4,800 SF
Listing Agency:
San Francisco Office
Listed By:
Mac Carter · License #License(s): CA: 02263070
(415) 625-2105
Source:
Marcusmillichap
Added: Sep 30
Changed: Oct 12
Last Checked: Oct 14 at 7:43PM
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 San Francisco Office
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Investment Insights
Based on property information with market context.
This multifamily property at 2714 Durant Avenue is arranged as 16 rooms with a total of 22 beds. The building is vacant and includes a communal living area on the first floor, along with a fully built-out basement offering additional shared space.
The property is approximately three blocks from UC Berkeley, within Berkeley’s fraternity and sorority housing corridor.
The property is approximately three blocks from UC Berkeley, within Berkeley’s fraternity and sorority housing corridor.
Key Highlights
- 16 rooms configured for 22 beds
- Approximately three blocks from UC Berkeley
- Located in Berkeley’s fraternity and sorority housing corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,404
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,908,080
$1.9M
Cap Rate 7%
$1,362,914
$1.4M
Cap Rate 9%
$1,060,044
$1.1M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$182.6K $38.04/SF
− Vacancy
−$9.1K −$1.90/SF
EGI
$173.5K $36.14/SF
− OpEx
−$78.1K −$16.26/SF
NOI
$95.4K $19.88/SF
Area
Berkeley, CA
Vacancy
5.00%
Lease Rate
$38.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,908,080
Cap Rate 7%
$1,362,914
Cap Rate 9%
$1,060,044
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,404 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.86M
$1.62M – $2.17M
NOI $129,946 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,097
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The vacant building includes a first-floor shared living space and a finished basement.
Where is this multifamily property located?
The property is located at 2714 Durant Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 16 rooms configured for 22 beds; Approximately three blocks from UC Berkeley; Located in Berkeley’s fraternity and sorority housing corridor
