2731 Durant Ave
Durant Hall located at 2731 Durant Avenue, is a 13-unit student housing asset located in the East Bay city of Berkeley, California. Originally constructed in 1990, the property comprises of six (6) Single bed units, six (6) Double bed units, and one (1) Penthouse unit. The property is well positioned to take advantage of a robust student housing market and offers significant upside with downside protection.
With near immediate proximity to the UC Berkeley campus, Frat Row, Telegraph Avenue, and Downtown Berkeley, Durant Hall boasts a Walk Score of 87, offering a plethora of dining, shopping, and entertainment options within mere steps of the property. Additionally, Durant Hall sits proximate to the Downtown Berkeley BART Station & Interstate 80 – offering unparalleled access to surrounding cities and employment centers, most notably the San Francisco CBD (30 minutes driving) and Downtown Oakland (15-minute BART ride).
Easily accessible to San Francisco, Oakland, Marin and the greater Bay Area by both freeway and public transportation, Berkeley residents enjoy world-class entertainment, shopping, and all the benefits of living within one of the most dynamic regions in the country.
Property Description
- Student Housing Opportunity
- Over 60% upside in gross rents
- Best rental market in the East Bay
- 1990 Construction
- Parking and Laundry on-site
- Penthouse unit
Key Property Information
| Listing Status: | Available |
|---|---|
| Multifamily type: | Apartments |
| Price: | $3,900,000 |
| No. of Units: | 13 |
| Year Built: | 1990 |
| Building Size: | 4,716 Sq ft |
| Lot Size: | 4,890.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 55-1870-16-1 |
| Opportunity Zone: | No |
| Price per unit: | $300,000 |
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