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Listed by Joey Wang • Keller Williams Realty
$4,750,000
Est. payment /mo
9,078 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,078 sqft
Price per Sqft $523
Subdivision Alameda County
MLS Listing ID 41112410
HOA Y/N No
Year Built 1964
Lot Size 6,440 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
Prime student housing investment just blocks from UC Berkeley in Southside. 2741 Dwight Way is a 12-unit property consisting of 2BD/1BA layouts (~750 sq ft each) across a 3-story, 9,078 sq ft building. All units are leased to UC Berkeley students, with turnover expected within 2 years—offering strong repositioning opportunity. Units feature original kitchens and baths, updated flooring, and large living rooms with layout flexibility for conversion to 3BD units with estimated post-renovation rents of up to $4,200/month. The property includes a rare subterranean garage with 15 spaces and potential for ADU conversion. Located on a major corridor with an AC Transit stop at the front door, and walking distance to campus, cafés, and Downtown Berkeley BART. Ideal long-term asset in a proven submarket.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace, Hot Water
Cooling Wall/Window Unit(s), Room Air
Flooring Laminate
Fireplace No
Window Features Double Pane Windows
Appliance Dryer
Laundry Dryer, Laundry Room, Washer, Sink
Building
Lot Description Back Yard, Garden
Water Mutual Water
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