Property listed by COMPASS, Willem Bos 415-660-9955
$2,395,000
2702 Dana Street presents a rare opportunity to create high-demand student housing in one of Berkeley’s strongest rental corridors. The property is currently configured as three duplexes; one detached and two conjoined duplexes with a large central common area, allowing for an efficient dorm-style layout. The conjoined duplexes include eight… Read More offices that can be converted into bedrooms, with potential for two beds per room. Four kitchens and four bathrooms already exist, supporting a two-bedroom per kitchen and bath configuration. The large common area is ideal for shared amenities such as a dining room, study lounge, or social space, which can further enhance rental appeal. Nearby student housing achieves approximately $1,800 per bed, while this property is underwritten at lower levels, creating upside through repositioning. Situated on an approximately 15,000 square foot lot, the property also offers excess land for potential ADU development or future income opportunities, subject to buyer verification. 2702 Dana Street offers a compelling combination of location, scale, parking, and flexibility for investors seeking strong long term returns. Buyer to verify all development and conversion potential. Financials based on conversion numbers Read Less
Listing Snapshot
Days Online
77
Last Updated
Lot Size
0.34 Acres
Year Built
1957
MLS Number
41120643
Additional Details
Building
Built in 1957, Construction Materials: WoodSiding
Heating
ForcedAir
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: $215,699
Lot
0.3444 acres
Parking
15 total parking spaces
Taxes
Parcel Number: 54171521
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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