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    2655 Shattuck Ave Berkeley, CA 94704

    Sponsored
    For Sale
    Contact for pricing

    Pre-approved, high-density project, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use development opportunity in Berkeley, CA, presents a pre-approved project at 2655 Shattuck Ave., a half-acre corner lot. The project, designed by Studio KDA, features a five-story and an eight-story building totaling 96,300 square feet. The development plan includes 82,710 square feet of residential space encompassing 95 units: 46 studios, four one-bedroom, 35 two-bedroom, and ten three-bedroom units. The top two floors will consist of luxury penthouse condos. Ground-level retail space totals 1,870 square feet, ideal for restaurants or storefronts, complementing the residential component. Parking is provided for 40 cars and 54 bicycles. The project benefits from pre-approved entitlements under Senate Bill 330, expediting the development process. Community-focused amenities include a gated courtyard, game room, study room, and gardens. The location offers high foot traffic due to its proximity to Berkeley Bowl and convenient access to public transportation (BART and buses). The affluent South Berkeley market boasts a 3-mile population of 228,874 with an average household income of $140,679, making this a highly desirable investment. The streamlined approval process, secured through Senate Bill 330, includes 10 affordable units, increasing density from 64 to 95 units. This presents a unique opportunity to capitalize on the booming residential and commercial demand in this prime location, particularly appealing to the large student population near UC Berkeley.

    Property Features for 2655 Shattuck Ave

    General Information

    Property type
    Individual retail properties

    HighLights

    • Pre‑approved entitlements under SB 330 expedite development.
    • Studio KDA‑designed mixed‑use project totaling 96,300 square feet.
    • 95 residential units (46 studios, 4 one‑bedroom, 35 two‑bedroom, 10 three‑bedroom), 1,870 square feet of ground‑floor retail, and 40 car/54 bike parking.
    • Streamlined approval process via SB 330, including 10 affordable units, increasing density from 64 to 95 units.
    • High‑demand South Berkeley location near Berkeley Bowl, BART, and bus lines.
    • Community amenities include a gated courtyard, game room, study room, and gardens.
    Property Profile Location Intelligence

    Current Use by Public Records

    DaVita Berkeley Dialysis Dialysis Center

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.26650679
    Latitude
    37.86042914

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    FAQs

    What type of property is this?
    Individual retail property - Pre-approved, high-density project, prime location.
    Where is this individual retail property located?
    The property is located at 2655 Shattuck Ave Berkeley, CA.
    What are key features of this property?
    This property features: Pre-approved entitlements under SB 330 expedite development.; Studio KDA-designed mixed-use project totaling 96,300 square feet.; 95 residential units (46 studios, 4 one-bedroom, 35 two-bedroom, 10 three-bedroom), 1,870 square feet of ground-floor retail, and 40 car/54 bike parking.
    Request Owner's contact information
    2655 Shattuck Ave Berkeley, CA 94704
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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
    2655 Shattuck Ave Berkeley, CA 94704
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