1700 Le Roy Avenue

Berkeley, CA 94709

$7,260,000
Price
Beds
16,950 Sq. Ft.
$428 / Sq. Ft.
16,950
Sq. Ft.
$428
per Sq. Ft.

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...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.
  1. Listed by Keith Manson • DRE #01490046 • Brokerage DRE #00409987 • CBRE
  2. Listed by Zachary W Greenwood • DRE #01960296 • Brokerage DRE #00409987 • CBRE

Property Details for 1700 Le Roy Avenue

Parking Features
Attached, Garage
View Description
Bay, Bay Bridge, Bridges, City, Golden Gate Bridge, Panoramic, San Francisco, Varies by Unit
Cross Street
Virginia Street
Total Parking Spaces
16
LISTING UPDATED: 10/21/2024 02:48 PM

Property Details for 1700 Le Roy Avenue

StatusActive
MLS #424075225
Days on Compass61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1930
Lot Size0.29 AC / 12,501 SF
CountyAlameda County

Building Information for 1700 Le Roy Avenue

Stories3Residences15Year Built1930Building Size-Lot Size0.29 AC / 12,501 SF

Property Information for 1700 Le Roy Avenue

Summary
Location and General Information
  • Area/District: Berkeley Map Area 1
  • Area Short Display: 2301
  • Location Description: Berkeley Map Area 1
Taxes and HOA Information
  • APN: 058-2198-002
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 16
  • Carport Spaces: 0
  • Garage Spaces: 16
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 16.0
  • Parking: Attached, Garage
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Not Verified
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Other
Property and Assessments
  • Property Condition: Fixer, Varies by Unit
  • Possession: Close of Escrow
  • Picture Count: 20
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Disclosures/Documents: Disclosure Package Available
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 3
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Stories: 3
  • Levels: Three
  • Patio And Porch Features: Balcony/Deck, Varies by Unit
  • Roof: Bitumen, Tile
Interior Features
  • Interior Features: Vaulted Ceiling(s)
  • Heating: Steam
  • Appliances: Free Standing Electric Oven, Free Standing Electric Range, Free Standing Freezer, Free Standing Refrigerator, Microwave, Varies By Unit
  • Laundry Features: Coin Operated, In Common Area
  • Cooling: None
  • Flooring: Carpet, Linoleum, Tile, Varies by Unit, Wood
  • Full Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 10
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 1
2 Bedroom Unit
  • # of 2 Bedroom Units: 3
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 2
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 1
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 10.48
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 61062.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 3
  • # Studios Occupied: 0
  • # of Studio Units: 1
  • # of Units: 15
  • # Of Units Total: 15
  • # Of Units Vacant: 12
  • # Of Units Leased: 3
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • Lease Term: Varies By Unit
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Parking Fee, Other

Property History for 1700 Le Roy Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1700 Le Roy Avenue

Taxable ValueLand$210,325Additions$255,515Total$465,840
Tax Record2024$2,442 ($203 / month)
Home Facts
Total Finished SqFt14,200 SqFtAbove Grade Finished SqFt14,200 SqFtStories2Lot Size12,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1930CountyALAMEDAAPN58-2198-2

Schools near 1700 Le Roy Avenue

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Oxford Elementary School
PublicK to 5

Washington Elementary School
PublicK to 5

Cragmont Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1700 Le Roy Avenue is a multi-family home for sale in Berkeley, CA 94709. This property was listed for sale on October 21, 2024 by CBRE, it's currently listed at $7,260,000. This listing's school district is Berkeley Unified School District. Nearby schools include Oxford Elementary School, Washington Elementary School and Cragmont Elementary School. 1700 Le Roy Avenue is a 0-bed, 0-bath, 16,950 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.