Pending

2711 Shattuck Avenue

Berkeley CA, 94705

$5,270,000


$504.26 per sqft

Pending

1 Bath

10,451 sqft

Multi-family

Built in 2018

2711 Shattuck Ave is a newly constructed (built in 2018), 4-story apartment building featuring 22 fully furnished studio units on Shattuck Ave in South Berkeley. This prime location is just steps from UC Berkeley, Downtown Berkeley, and the Southside Neighborhood. The building showcases cutting-edge prefabricated modular steel construction, offering a unique chance to acquire a modern property at an attractive basis under $240,000 per unit. There is assumable debt available with a 3.93% 5-year fixed interest rate at ~60% loan-to-value ratio amortized over 30 years making the cash-on-cash return of this newly constructed investment property roughly 5%. The unit's size range from 306-327 SF and feature 9 ft ceilings, operable oversized floor-to-ceiling dual pane windows with custom blackout fabric roller shades and individually controlled & metered AC/Heat mini split units. The modern interior finishes include a custom murphy bed that doubles as a sofa, custom cabinetry, stone counter tops, stainless-steel Energy Star appliances, oversized showers with subway tile surrounds & glass swinging doors, full-width vanities with quartz counter tops and porcelain tile flooring. The units are individually metered for electric and submetered for water.

424078872

MLS ID

November 7, 2024

Listed

November 18, 2024

Updated

Map

2711 Shattuck Avenue
Berkeley CA, 94705

Interior Features

Total Stories

4


Total Bathrooms

1


Full Bathrooms

1


Interior Features

Formal Entry


Appliances

Dishwasher, Electric Cooktop, Free-Standing Refrigerator, Microwave


Laundry Description

Coin Operated, Common Area


Floor Description

Tile, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Individual, See Remarks


Heating

Yes


Heating Description

Individual, See Remarks

Exterior/Building Features

Lot Size

0.12 Acres


Exterior Features

Yard Space


Lot Features

Curbs/Gutters, Sidewalk


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

Berkeley Map Area 9


Days on Market

9


Garage

No


Parking

Off Street


Parking Total

1


View

No


County

Alameda


Water Source

Public


Pool

No

Listing History

Date

Event

Price

11/18/2024

Pending

Listed by Keith Manson with CBRE

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 11/18/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jeffrey Banks | CA DRE# 01384491 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 9:20 PM UTC, 11/18/2024

Powered byLuxury Presence