2470 Telegraph AveBerkeley, CA 94704

Property Details for 2470 Telegraph Ave

Year built

1987

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

13,424 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

55-1881-2

APU

5518812

Description

This exceptional three-story, 13,424 square foot mixed-use building at 2470 Telegraph Avenue in Berkeley, CA, presents a compelling investment opportunity. Currently configured as a storefront with two retail tenants generating existing income, this property offers significant upside potential. The upper two floors (~8,000 square feet) provide ample space for an owner-user to occupy, catering to the high demand for space in this vibrant area. Built in 1986 and renovated in 2011, the building is zoned C-T (Telegraph Avenue Commercial) and boasts a prime location in Berkeley's Southside neighborhood, just blocks from UC Berkeley. Its proximity to the university, coupled with the area's insatiable demand for housing and numerous student housing options, ensures strong tenant demand. The property benefits from excellent public transportation, walkability, and bikeability, with the Downtown Berkeley BART station a short 10-block walk away. Situated within a bustling shopping district on Telegraph Avenue, next to Moe's Books, this property is part of an urban mall-like setting. Further enhancing its appeal are several new housing developments underway and the nearby 5-story Telegraph-Channing parking garage. The asking price is $5,100,000, with a price per square foot of $380. The APN is 55-1881-2. This is a rare opportunity to acquire a thriving commercial property in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,563,922

  6.5%

  $4,212,851

  7%

  $3,911,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,382,049

  Geo Method

  $3,744,088

• Alternative Use

  Use

  Valuation

  Residential

  $5,223,935

  Hospitality

  $4,785,096

  Educational

  $3,981,144

  Medical

  $4,118,062

  Retail

  $6,192,891

Location Insight

City

Berkeley

County

Alameda

State

California

Latitude

37.8656

Longitude

-122.259

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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