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5-Unit Apartment Building
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3028 Colby St, Berkeley, CA 94705

Multifamily property with varied unit layouts, renovated interiors, separate utility metering, parking, and on-site laundry.

Property SizeContact for details
Lot Size0.13 Acres
Days on Market145

Property Features for 3028 Colby St

General Information

Standard status Active
Total Parking Spaces 4
Lot size 0.13 Acres
Property subtype Multifamily

Units

Unit Mix 1 x 4bd/2bth, 1 x 2bd/2bth, 1 x 2bd/1bth, 2 x 1bd/bth
Multifamily Units 5

Additional Details

Utilities to Site Yes

Amenities

onsite coin operated laundry
Listing Agency: The Pinza Group Inc
Listed By: Steven Pinza · License #01867691
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 1:25AM

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 The Pinza Group Inc

Investment Insights

Based on property information with market context.

This five-unit multifamily property includes one 4bd/2bth unit, one 2bd/2bth unit, one 2bd/1bth unit, and two 1bd units. Two residences have undergone full remodeling with updated kitchens and bathrooms, new interior and exterior paint, and refreshed flooring. One unit is expected to be delivered vacant. Each residence has separate PG&E and water metering.

The buildings occupy a 5,700 SF lot in Berkeley’s Elmwood neighborhood, approximately one mile from UC Berkeley. Four off-street parking stalls serve the property, and on-site coin-operated laundry provides an additional income source. The location, unit mix, and combination of renovated and vacant units support both continued rental operations and owner-occupant consideration.

Key Highlights

  • Five‑unit property with one 4bd/2bth, one 2bd/2bth, one 2bd/1bth, and two 1bd units
  • Two units fully remodeled with updated kitchens, bathrooms, paint, and flooring
  • One unit delivered vacant for owner‑occupancy or new tenant placement

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Home Appliance Store Electrical Service Law Firm (Bike/Boat/Book/etc) Store Mobile Phone Store Auto Parts 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.

Lease Details

5
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,751
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?
Apartment building - Multifamily property with varied unit layouts, renovated interiors, separate utility metering, parking, and on-site laundry.
Where is this apartment building located?
The property is located at 3028 Colby St Berkeley, CA.
What are key features of this property?
This property features: Five‑unit property with one 4bd/2bth, one 2bd/2bth, one 2bd/1bth, and two 1bd units; Two units fully remodeled with updated kitchens, bathrooms, paint, and flooring; One unit delivered vacant for owner‑occupancy or new tenant placement
(510) 725-4775 Call to check price and availability
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