2655 Shattuck Ave, Berkeley, CA 94704-3237
- Retail space
- 7,999 SF
- 0.54 lot acres
Current Use by Public Records
- DaVita Berkeley Dialysis / Medical Clinic
Property Details for 2655 Shattuck Ave
- Year built
- 1998
- Construction
- WOOD
- Lot size
- 0.54 lot acres
- Property type
- Retail space
- APN
- 55-1826-18-2
- APU
- 551826182
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 10, 2018 | — | S H Kay LLC | — | Deed · related | $3.1M · First National Bank Of Northern Calif |
| Oct 4, 2012 | $3,700,000 | S H Kay LLC | 2655 Shattuck Avenue LLC | Grant Deed | $2.8M · Bank Of Alameda |
| Oct 16, 2009 | $2,500,000 | 2655 Shattuck Avenue LLC | Harms Richard E Trust | Grant Deed | $1.8M · California Commerce Bank |
| Nov 21, 1997 | — | Harms Trust | Hv Associates LLC | Grant Deed · related | — |
| Sep 25, 1996 | $835,000 | Hv Associates LLC | Edrie C Hartman Estate | Grant Deed | $1.5M · Silicon Valley Bank |
| — | — | 2655 Shattuck Ave LLC | — | Deed Of Trust · related | $700k · California Commerce Bank |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,110,000
- 6.5%
- $2,870,000
- 7%
- $2,665,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,890,000 Current use
- INDUSTRIAL (GENERAL)
- $3,605,000 Change: +25% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,400,000 Change: +18% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $2,850,000 Change: -1% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,575,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.266
- Latitude
- 37.8607
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
