1700 Le Roy AVE, Berkeley, CA 94709 - MLS#424075225

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Keith Manson CBRE

$ 7,260,000

Est. payment | -/mo

20 Beds

16,950 SqFt

Save

$ 7,260,000

Est. payment | -/mo

Save

20 Beds

16,950 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Pending

Purchase Type For Sale

Square Footage 16,950 sqft

Price per Sqft $428

MLS Listing ID 424075225

Bedrooms 20

HOA Y/N No

Year Built 1930

Lot Size 0.287 Acres

Acres 0.287

Property Sub-Type Townhouse

Property Description

1700 Le Roy Ave presents an exceptional opportunity to acquire a value-add apartment building located in the coveted Northside/Hilltop neighborhood of Berkeley, CA. The property is situated just 3 blocks from UC Berkeley, the # 1 public school is the United States. Built in 1930, this 16,950 SF multifamily investment property is comprised of 15 apartment units spanning 3 stories. The building is situated on a 12,500 SF / 0.29 acre lot and features an attractive courtyard, a secured garage with 16 parking spaces, and an on-site laundry facility. The property boasts a diverse unit mix of 1 studio, 10 1-bedroom units, 3 2-bedroom units, and 1 4-bedroom unit. 4 units are 2-story townhome style units, all of which feature private balconies. The avg. unit size at the property is 848 SF and all but one unit have a formal dining room/area, presenting the unique opportunity to add at least one bedroom in each unit. As of the 2024 Fall semester, there are nearly 45,900 students enrolled at UC Berkeley, and the university can only provide housing for approximately 25% of the student population. With UC Berkeley experiencing a steady increase in student enrollment and a significant shortage of student housing, there's high demand for modern accommodations with student-focused amenities.

Location

State CA

County Alameda

Area Berkeley Map Area 1

Interior

Interior Features Vaulted Ceiling(s)

Heating Steam

Cooling None

Flooring Carpet, Linoleum, Tile, Wood

Fireplace No

Appliance Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Refrigerator, Microwave, Varies By Unit

Laundry Coin Operated, Common Area

Exterior

Garage Spaces 16.0

View Bay, Bay Bridge, Bridge(s), City, Golden Gate Bridge, Panoramic, San Francisco

Roof Type Asphalt,Tile

Total Parking Spaces 16

Building

Lot Description Other

Story 3

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction Yes

Others

Tax ID 0582198002

Acceptable Financing Other

Listing Terms Other

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1700 Le Roy AVE Berkeley, CA 94709