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$2,395,000
Est. payment /mo
5,567 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,567 sqft
Price per Sqft $430
Subdivision Berkeley
MLS Listing ID 41120643
HOA Y/N No
Year Built 1957
Lot Size 0.344 Acres
Acres 0.34
Property Sub-Type Multi Family
Property Description
2702 Dana Street presents a rare opportunity to create high-demand student housing in one of Berkeley's strongest rental corridors. The property is currently configured as three duplexes; one detached and two conjoined duplexes with a large central common area, allowing for an efficient dorm-style layout. The conjoined duplexes include eight offices that can be converted into bedrooms, with potential for two beds per room. Four kitchens and four bathrooms already exist, supporting a two-bedroom per kitchen and bath configuration. The large common area is ideal for shared amenities such as a dining room, study lounge, or social space, which can further enhance rental appeal. Nearby student housing achieves approximately $1,800 per bed, while this property is underwritten at lower levels, creating upside through repositioning. Situated on an approximately 15,000 square foot lot, the property also offers excess land for potential ADU development or future income opportunities, subject to buyer verification. 2702 Dana Street offers a compelling combination of location, scale, parking, and flexibility for investors seeking strong long term returns. Buyer to verify all development and conversion potential. Financials based on conversion numbers
Location
State CA
County Alameda
Rooms
Basement None
Interior
Interior Features Other
Heating Forced Air
Cooling Central Air
Flooring Carpet, Wood
Fireplace No
Exterior
Handicap Access Other
Total Parking Spaces 4
Building
Lot Description Other, See Remarks
New Construction No
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Listed by Willem Bos • COMPASS
NEARBY SCHOOL & BUSINESS
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