2401 Piedmont Ave
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2401 Piedmont Ave
19,670 SF Specialty Building Offered at $19,844,580 CAD in Berkeley, CA 94704
Investment Highlights
- 41-Room & 88-Bed Student Housing Opportunity on One of Berkeley’s Most Prominent Corners
- 5-Star Berkeley Location Surrounded by Student Housing Organizations & Just 1-Block from UC Berkeley Campus & Memorial Stadium
- Meticulously Well-Maintained Asset in Move-in Ready Condition – Over $1.7M in Completed Upgrades including a New Commercial Kitchen, Seismic Upgrade,
- Potential to be Delivered Vacant Upon Close of Escrow, Providing a Blank Slate and Myriad of Opportunities for Implementing Deep, Value-Add Business P
- Desirable & In-Demand Student Living Improvements: Furnished & Move-In Ready Units, Large Community & Chapter Rooms, Two Renovated Communal Kitchens,
- Landmark Berkeley Acquisition Opportunity with Value-Add Potential in a Supply Constrained Student Housing Market Adjacent to One of the Nation’s Top
Executive Summary
Piedmont Commons, or 2401 Piedmont Avenue, is a three-story plus lower-level student housing
building located at the corner of Piedmont Ave and Channing Way in Berkeley’s Southside
neighborhood. Constructed in 1959, the Building underwent significant renovations in 2013 and
features 88 beds across 41 rooms. 2401 Piedmont is situated only a block and a half away from UC
Berkeley’s campus and three blocks away from Telegraph Avenue, making it an ideal walkable
location for students.
The Property sits on over half an acre of land and features ±14 parking spaces, an outdoor patio,
and multiple roof decks. Currently 17% leased, Piedmont Commons offers fully-furnished units with
beds, dressers, and desks. Combined with desirable student housing build-outs such as on-site
laundry facilities and multiple study rooms, 2401 Piedmont is a turnkey student housing property.
At an incredible location with high-quality finishes, Piedmont Commons provides the owner-user
and investor communities the opportunity to acquire a generational student housing asset.
building located at the corner of Piedmont Ave and Channing Way in Berkeley’s Southside
neighborhood. Constructed in 1959, the Building underwent significant renovations in 2013 and
features 88 beds across 41 rooms. 2401 Piedmont is situated only a block and a half away from UC
Berkeley’s campus and three blocks away from Telegraph Avenue, making it an ideal walkable
location for students.
The Property sits on over half an acre of land and features ±14 parking spaces, an outdoor patio,
and multiple roof decks. Currently 17% leased, Piedmont Commons offers fully-furnished units with
beds, dressers, and desks. Combined with desirable student housing build-outs such as on-site
laundry facilities and multiple study rooms, 2401 Piedmont is a turnkey student housing property.
At an incredible location with high-quality finishes, Piedmont Commons provides the owner-user
and investor communities the opportunity to acquire a generational student housing asset.
Property Facts
| Price | $19,844,580 CAD | Lot Size | 0.55 AC |
| Price Per SF | $1,009 CAD | Building Size | 19,670 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Specialty | Year Built/Renovated | 1959/2013 |
| Property Subtype | Sorority/Fraternity House | Parking Ratio | 0.71/1,000 SF |
| Building Class | C |
| Price | $19,844,580 CAD |
| Price Per SF | $1,009 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Sorority/Fraternity House |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 19,670 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1959/2013 |
| Parking Ratio | 0.71/1,000 SF |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 055-1866-001-03 | Improvements Assessment | $8,374,539 CAD |
| Land Assessment | $2,791,513 CAD | Total Assessment | $11,281,750 CAD |
PROPERTY TAXES
Parcel Number
055-1866-001-03
Land Assessment
$2,791,513 CAD
Improvements Assessment
$8,374,539 CAD
Total Assessment
$11,281,750 CAD
zoning
| Zoning Code | R-3H |
| R-3H |
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