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    3020 San Pablo Ave Berkeley, CA 94702

    Sponsored
    For Sale
    $4,390,000

    Shovel-ready, 30-unit mixed-use project

    Property size:
    33,645 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fully entitled, shovel-ready development site in West Berkeley, CA (APN 53-1364-4-1), presents a unique mixed-use investment opportunity. Located at 3020 San Pablo Avenue, this ±9,104 sq ft lot boasts approved plans for a five-story building encompassing 29 residential units (including four inclusionary units) and one ground-floor commercial space. The design, by Joe DeCredico Studio, features open floor plans, tall ceilings, abundant natural light, and private balconies in each unit. A rooftop deck with gardens is also planned. The building will offer 26 parking spaces on a lower level via a three-tier lift system, plus five additional on-grade spaces. The property is zoned C-W and has active building permits under review. With a Walk Score of 93 and a Bike Score of 92, residents will enjoy easy access to Berkeley's vibrant amenities, including numerous restaurants, shops, and businesses. Convenient public transportation options include nearby AC Transit bus stops (including the "J" line with express service to San Francisco's SOMA district) and proximity to Emeryville and Ashby BART stations. The site also offers easy access to Interstates 80 and 580, as well as Highways 13 and 128, and is close to the Emeryville Greenway. The total square footage is 33,645 sq ft, with 28,307 sq ft of net rentable space. The asking price is $4,390,000, and the property is offered fee simple.

    Property Features for 3020 San Pablo Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    33,645 SF

    Building Details

    Stories
    5
    Units
    30

    HighLights

    • Fully entitled.
    • Phase 1 building permits approved, Phases 2 & 3 under review.
    • Open floor plans, loft options, high ceilings, abundant natural light.
    • Private balconies in each unit and a rooftop deck with gardens.
    Property Profile Location Intelligence

    Current Use by Public Records

    Greenway Lofts Apartment Complex

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.28653080281
    Latitude
    37.850950955257

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    FAQs

    What type of property is this?
    Multifamily property - Shovel-ready, 30-unit mixed-use project
    Where is this multifamily property located?
    The property is located at 3020 San Pablo Ave Berkeley, CA.
    What is the asking price?
    The asking price for this property is $4,390,000.
    What are key features of this property?
    This property features: Fully entitled.; Phase 1 building permits approved, Phases 2 & 3 under review.; Open floor plans, loft options, high ceilings, abundant natural light.
    Request Owner's contact information
    3020 San Pablo Ave Berkeley, CA 94702
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    Berkeley, CA 94702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3020 San Pablo Ave Berkeley, CA 94702
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