1015-1027 University Avenue, Berkeley CA

Value-add opportunity – West Berkeley retail/office building. On main corridor with on-site parking and easy freeway access.

APN NUMBER: 57-2088-12

• Corner building on a bustling commercial stretch – bridging a major freeway.
• Amid a well-rounded mix of retail, restaurants, and commercial services
• 10 apartments and 4 retail spaces – one of which a previous tattoo shop had a fire on the interior which needs to be repaired. The other three retail tenants are paying rent and operating. The building also produces rental income from a rooftop advertising sign.
• In 2021, nine residential units were illegally created without City permits. To correct these violations, someone applied for a zoning permit (ZP2022-0120) to legalize the units. However, this application has been incomplete since 2023. A letter was issued requesting additional information, but we haven’t received a response since.
• Please see attached plans from this permit application to remedy the illegal units, which shows the existing floor plans.
• Situated in Berkeley’s International Food District – a growing collection of international markets and cuisine
• Within a block of San Pablo Avenue with popular eateries such as La Marcha, Babette, Highwire Coffee, Thai Table, Lavender Bread & Cafe, Butterfish Sushi, Mercado 925, Luca Cucina Italiana, El Patio Grill, and Acme Bar & Company
• 6 blocks from Fourth Street Shops with Apple Store, Design Within Reach, Madewell, Vans, Anthropologie, The Gardener, Lululemon, Vuori, Roark, CB2, Sur La Table, Paper Source, Oceanview Diner, and more!
• Part of the West Berkeley Design Loop, a 2-mile stretch of home furnishings, accessories, and improvement stores
• Near many residential developments, major employment, parks, and schools
• Both University Avenues and nearby San Pablo have 4 lanes, heavily traveled, in this popular, walkable West Berkeley neighborhood