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Listed by Keith Manson Cushman & Wakefield
$ 3,135,000
Est. payment | /mo
10 Beds
5,603 SqFt
$ 3,135,000
Est. payment | /mo
10 Beds
5,603 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,603 sqft
Price per Sqft $559
MLS Listing ID 425074232
Bedrooms 10
HOA Y/N No
Year Built 1917
Lot Size 6,500 Sqft
Acres 0.1492
Property Sub-Type Multi Family
Property Description
The Cushman & Wakefield Northern California Multifamily Capital Markets Group is pleased to present The Leroy Apartments, a distinguished 9-unit multifamily asset in an irreplaceable location at 2411 Durant Avenue in the highly sought-after Southside neighborhood of Berkeley, CA. Built in 1917, this 5,603-square foot property boasts classic architectural character and presents a prime investment opportunity just steps away from the world-renowned UC Berkeley campus. Offered for the first time in more than 50 years, The Leroy Apartments represents a truly unique chance to secure a generational multifamily investment in one of the Bay Area's most dynamic rental markets. The property's unit mix consists of 4 studios and 5 two-bedroom units, catering to a diverse range of tenants, including UC Berkeley students, faculty, and local professionals direct adjacency to UC Berkeley. The Property offers significant value-add potential for an investor to implement property upgrades and reposition the asset as a student focused housing option. The property can be purchased individually or as a 3-property, 68-unit portfolio with The Keystone Apartments (2419 Durant Avenue - 32 Units) and The Castle Craig Apartments (2525 Durant Avenue - 27 Units).
Location
State CA
County Alameda
Area Berkeley Map Area 9
Rooms
Basement Storage Space
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Linoleum, Wood
Fireplace No
Appliance Free-Standing Gas Range, Free-Standing Refrigerator
Exterior
Total Parking Spaces 10
Building
Lot Description Curbs/Gutters, Sidewalk, Other
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction Yes
Others
Tax ID 55187812

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Fatemah Nikchehi (nik-chee)
Broker Associate | Lic# 01703928