2741 Dwight Way, Berkeley, CA 94704
- $4,650,000
- Sold Price
- $4,650,000
- List Price
- $4,750,000
- Closing Date
- Dec 10, 2025
- Status
- CLOSED
- MLS#
- 41112410
- Year Built
- 1964
- Lot Size
- 6,440
- Acres
- 0.15
- Days on Market
- 20
- Property Type
- Multifamily
- Neighborhood
- Alameda County
Property Description
Prime student housing investment just blocks from UC Berkeley in Southside. 2741 Dwight Way is a 12-unit property consisting of 2BD/1BA layouts (~750 sq ft each) across a 3-story, 9,078 sq ft building. All units are leased to UC Berkeley students, with turnover expected within 2 years—offering strong repositioning opportunity. Units feature original kitchens and baths, updated flooring, and large living rooms with layout flexibility for conversion to 3BD units with estimated post-renovation rents of up to $4,200/month. The property includes a rare subterranean garage with 15 spaces and potential for ADU conversion. Located on a major corridor with an AC Transit stop at the front door, and walking distance to campus, cafés, and Downtown Berkeley BART. Ideal long-term asset in a proven submarket.
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Additional Information
- Appliances
- Gas Water Heater, Dryer
- Heat
- Natural Gas, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Exterior Construction
- Concrete, Stucco
- Roof
- Foam
- Attached Structure
- Detached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $493,320
Listing courtesy of Listing Agent: Joey Wang (joeywang@kwcommercial.com) from Listing Office: Keller Williams Realty.
Listing sold by Outside Agent from Outside Office
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