2715 Benvenue Ave
Property Overview
Pre-war 1935 six-unit apartment building one block off College Avenue, minutes from UC Berkeley, Ashby BART, Rockridge, and the Claremont Hotel, with quick access to Highways 13, 24, and 580. Four 2BR/1BA units plus two 1BR/1BA units across 4,676 rentable SF on a 7,400 SF lot. Three units delivered vacant at closing — immediate releasing on half the building. Units 3 and 4 already leased at $3,400, validating the market rent. Unit 5 captures west-facing Bay views; Unit 6 captures south-facing city views — both unobstructed and private. New roof (2024–2025). Six on-site parking spaces — rentable as a separate income line. $291,667/unit, $317/SF. Current cap 5.96%, market cap 7.47%. Built for a 1031 buyer or local investor who wants Berkeley appreciation paired with immediate operational upside.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1935
- Lot size
- 7,400 sq ft
- Parking
- 6 spaces
- Days on market
- 46
- MLS status
- Active
- Zoning
- R-2
Features & Amenities
Appliances
- Dryer
- Washer
Community, Schools & Utilities
Community
- Subdivision
- ELMWOOD
Utilities
- Heating
- Electric
- Cooling
- None
Location & Neighborhood
Frequently Asked Questions About 2715 Benvenue Ave
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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