2701 Ridge Road presents a rare opportunity to acquire an almost fully vacant 12-unit apartment building in Berkeley's highly desirable Northside neighborhood. Located within walking distance of the UC Berkeley campus, the property offers tenants exceptional proximity to the university, neighborhood restaurants, cafs, shopping, and public transportation. Constructed in 1959, the approximately 10,404-square-foot building consists of three one-bedroom units and nine two-bedroom units. The property also features ten parking spaces, on-site laundry, a shared backyard, separately metered gas and electricity, and double-pane windows. Nine of the building's twelve apartments are currently vacant, with an additional unit scheduled to become vacant, providing an incoming owner with immediate flexibility to renovate and lease the units at market rents. The substantial vacancy also creates an opportunity to implement a cohesive renovation and repositioning program with minimal disruption from existing tenancies. With its highly desirable location near UC Berkeley, favorable unit mix, on-site parking, and significant vacancy, 2701 Ridge Road offers a compelling opportunity to reposition a well-located multifamily asset in one of Berkeley's strongest rental markets.
Multi-familyProperty Type
6,381 sq ftLot Size
Listed by Matthew Flaherty•DRE #DRE #02075798• Colliers International
Daleys Scenic Park, located between Grizzly Peak Boulevard and Tilden Regional Park, is a hillside and park-adjacent Berkeley neighborhood with winding ridge roads and wide Bay-view overlooks. The neighborhood’s character concentrates at the Grizzly Peak Blvd pullouts near the Tilden entrance, where cyclists, hikers, and sunset-watchers gather beside trailheads and informal viewpoints. Homes lean toward mid-century and contemporary builds set into steep lots, with decks and large windows oriented to the panorama. The daily rhythm follows trail time, fog lines, and the sound of wind in the eucalyptus. Nearby cultural pillars like the Lawrence Hall of Science, the UC Botanical Garden, and the Berkeley Art Museum and Pacific Film Archive add a distinctly Berkeley cadence. The result is a quiet, topographic pocket defined by open space and big-sky horizons.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Residential income property configured as multi-family
Bedrooms
Total of 12 units (unit-level bedroom counts not provided)
Exterior features
Lot includes other features (unspecified)
Home design
Multi-family residential building with five or more units
Construction
Year built not specified
Utilities
Utilities not specified
HOA & community
No association fee
Other
Lot size approximately 6,381.5 square feet (0.1465 acres)
Electricity and solar
View estimated energy costs and solar savings for this home
Multiple Family Residential District - Hillside Overlay Zone
The purpose of the Multiple-Family Residential (R-3) district is to: Implement the General Plan by encouraging development of relatively high-density residential areas; Make available housing for persons who desire both convenience of location and a reasonable amount of usable open space; Protect adjacent properties from unreasonable obstruction of light and air; Permit the construction of residential structures, such as dormitories, fraternity and sorority houses, boarding and rooming houses, which meet City requirements for this type of housing; and Permit the construction of specialized care and treatment facilities such as senior congregate housing, nursing homes, and hospitals when such are not detrimental to the immediate neighborhood.; The purpose of the Hillside (H) overlay zone is to: implement General Plan policies for hillside development; protect the safety and health of residents where steep topography, unusual street conditions and proximity to the wildland-urban interface create severe risk from wildfire; protect the character of Berkeley's hillside areas and their immediate environs; give reasonable protection to views yet allow appropriate development of all property; and allow modifications in standard setback and height requirements when justified because of steep topography, irregular lot pattern, unusual street conditions, or other special aspects of the hillside areas.
Zone overlays
Hillside Overlay Zone
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
6 days above 86° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
16 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Berkeley, CA • 94709
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Sun exposure
In this area, properties receive around 11.1 hours in
June and 5 hours in December, placing it above the
U.S. average for solar exposure.
11.1 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2701 Ridge Rd
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