MLS® ID: 40844299
2527 San Pablo Ave
BERKELEY, California, 94702 $4,888,000
2527 San Pablo Avenue, is a rare fully-entitled, infill development opportunity that will be delivered building permit ready in Berkeley, CA, one of the strongest rental markets in the Bay Area. The ±0.31-acre site is located in West Berkeley at the Southeast corner of San Pablo Ave and Blake St and is situated in the West Berkeley Commercial Zoning District (C-W). The site has been fully-entitled for a 6-story, ±62,402 sq. ft. apartment building with 63 residential units, 2 commercial spaces totaling ±3,155 square feet, 49 parking spaces, 60 bike parking spaces, a rooftop terrace & resident multipurpose room and a community laundry room on the sixth floor. Twelve of the sixty-three residential units are designated as below market rate units for qualified persons with intellectual and developmental disabilities.