Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,950 sqft

Price per Sqft $264

Subdivision Elmwood

MLS Listing ID 41135230

HOA Y/N No

Year Built 1903

Lot Size 7,950 Sqft

Property Sub-Type 5 or More Units

Source BAY EAST

Property Description

Rare investment opportunity on iconic College Avenue in Berkeley. This expansive single-family property features specialized use potential and flexible living configurations ideal for investors, owner-occupants, or income-focused buyers. The main residence offers four bedrooms, two bathrooms, oversized living spaces, basement access, and multiple generously sized bedrooms. Two rooms share access to a private patio deck, creating additional outdoor appeal. A separate section of the property includes seven additional bedrooms — six located on the upper level — along with two kitchens, two bathrooms, and attic access, offering versatile occupancy and layout possibilities. The property also features an attached art studio with a private entrance and dedicated bathroom. Currently operated in a manner similar to single-room occupancy (SRO) use, the property presents multiple potential income-producing opportunities, subject to buyer verification and local regulations. Possible uses may include owner-occupancy with supplemental rental income or maximizing rental potential across multiple sections. Conveniently located near shops, dining, transit, and neighborhood amenities, this property offers strong long-term investment potential. Property could benefit from and may require updates and improvements, providing an opportunity to increase ROI. Buyer to investigate and verify permit status, bedroom and bathroom count, and square footage of all living areas to their satisfaction.Buyer to verify current occupancy, rents, tenancy, lease, and expenses to their satisfaction. Property is exempt from BESO as an REO per BESO. Pending exemption certification.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling None

Flooring Partial Carpeting, Other

Fireplace No

Building

Lot Description Premium Lot, Rectangular Lot, See Remarks

Water Public

Others

Special Listing Condition Real Estate Owned

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