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 level offers five bedrooms, two bathrooms, oversized living spaces, basement access. Two rooms share access to a private patio deck, creating additional outdoor appeal. 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 certificate.
| MLS # | 41135456 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1903 |
| Days On Site | 157 |
| Listing Provided By | Monasmith Real Estate | Ashley Monasmith |
| Units | 9 |
|---|---|
| Acreage | 0.18 |
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | No |
| Construction Materials | Wood Siding |
|---|
| Parking Features | Guest, On Street |
|---|
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94704 |
| Community Name | ELMWOOD |
| Listing VS Median (in ELMWOOD) | |
Price: $1,799,950 low | high Med: $1,272,000 On site: 157 low | high Med: 13.5 | |
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94704 |
| Community Name | ELMWOOD |
| Listing VS Median (in ELMWOOD) | |
Price: $1,799,950 low | high Med: $1,272,000 On site: 157 low | high Med: 13.5 | |
![]() | $1,799,9502610 College AveBerkeley, CA 94704 |