Student housing · Berkeley Southside
By-the-bed student housing, one block from campus.
Sixteen bedrooms across seven units are let as twenty six individual beds. Income tracks enrollment rather than household formation, and demand does not depend on any one tenant staying.
- Owner is willing to sign a master lease, zero leasing risk for the buyer
- 7.22% owner return under the master lease, 6.60% owner operated
- (2) 1x1, (4) 2x1 and (1) 6x1 across 7 units
- $370,531 of capital invested in the property since 2013
- Covered parking, common laundry, utility fee billed back in leases
Photography
The building
Exteriors and aerials, the common areas, and furnished interiors of Unit A, Unit F and the six bedroom penthouse.
From the air
Context you can’t get from a floor plan.
The numbers
Seven units, twenty six beds.
| Unit type | Beds | % of total |
|---|---|---|
| 1x1 | 4 | 15% |
| 2x1 | 16 | 62% |
| 6x1 penthouse | 6 | 23% |
| Total / average | 26 | 100% |
Per-bed rents and the full twenty six line rent roll, with each lease start, are in the offering memorandum.
Floor plans
Floor plans are approximate and provided for reference only. Dimensions and layouts are not to scale. Buyer to verify.
General
- Year built
- 1964
- Net rentable SF
- 7,891 SF
- Lot size
- 3,760 SF
- Stories
- 3
- Zoning
- R-SMU
- Occupancy
- 96%
Information herein is deemed reliable but not guaranteed. Buyer to verify all information independently.
Operating structures
Two ways to operate it.
The seller is willing to sign a master lease. Each structure moves who runs the building, who carries the risk, and what the first year returns.
Cap rate, year one
Cash on cash, year one
4.99%
New ownership assumes operations in full. A buyer sets its own leasing and staffing from close. All twenty six beds re-lease on the academic calendar.
| Managed by | Buyer or third party |
|---|---|
| Vacancy & credit risk | Owner |
| Term | At will |
| Master lease rent | |
| Parking & other income |
Operating structures are presented for comparison only and do not constitute an offer. All terms are subject to negotiation and to a definitive written agreement between the parties. The full comparison, with dollar figures, is in the offering memorandum.
Location
One block from everything.
Drag to explore. Basemap © OpenStreetMap contributors, © CARTO.
| UC Berkeley campus edge | 0.12 mi |
| Telegraph Avenue retail | 0.32 mi |
| Downtown Berkeley BART | 0.33 mi |
| People's Park | 0.37 mi |
| Berkeley Bowl Marketplace | 0.70 mi |
| California Memorial Stadium | 0.76 mi |
Distances are straight line from the parcel; walking routes run slightly longer. Neighborhood demographics and the full market detail are in the offering memorandum.
Offering memorandum
Get the full package.
Exclusively listed by
Compass Commercial | Bos Group CRE
