Listing Agency: MRE Commercial

Listed By: Matt Gondak · License #CA 00832220

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 3:12PM

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Investment Insights

Based on property information with market context.

This mixed-use property at 367-71 Colusa Avenue combines a 10-unit apartment building with two storefronts and two commercial tenants. The residential configuration includes four studios, five one-bedroom, one-bath units, and a penthouse. On-site parking and a coin-operated laundromat serve the residential component. The property is not subject to rent control, and 60% of the residential tenants are on month-to-month arrangements.

The property is a short walk from El Cerrito Plaza BART Station. Bus lines 79 and G connect with UC Berkeley, Downtown Berkeley BART, and Rockridge BART, providing transit access to nearby employment, education, and commercial destinations.

Key Highlights

• 10‑unit apartment building with two storefronts
• Residential mix includes 4 studios, 5 one‑bedroom/one‑bath units, and a penthouse
• Two commercial tenants and no rent control

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service Barber Shop Storage Facility Catering Service 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

10

Residential units

Location Intelligence

Trade Area within ½ mile

1,126

Businesses Nearby

Explore this area Business Placement

Demographics for 94707, CA

12,781

Population

5,377

Households

2.4

Avg Household Size

51

Median Age

85%

College-Educated

99%

High-School Grad

1.8 sq mi

ZIP Area

7,101

Density / Sq Mi

$196,591

Median Household Income

$109,617

Median Earnings

$2,406

Median Rent

$1,626,500

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?

Mixed-use property - Ten residential units are paired with two commercial spaces, on-site parking, and a coin-operated laundry facility.

Where is this mixed-use property located?

The property is located at 367-71 Colusa Avenue Kensington, CA.

What are key features of this property?

This property features: 10‑unit apartment building with two storefronts; Residential mix includes 4 studios, 5 one‑bedroom/one‑bath units, and a penthouse; Two commercial tenants and no rent control