$5,270,000
SOLD FEB 10, 2025
-- Bed
-- Bath
10,451 Sq Ft
5,324 Sq Ft Lot

Recently Sold

$504 Per Sq Ft

9 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Security Gate
  • Malcolm X Elementary School Rated A
  • Double Pane Windows
  • Formal Entry

About This Home

As of February 2025

2711 Shattuck Ave is a newly constructed (built in 2018), 4-story apartment building featuring 22 fully furnished studio units on Shattuck Ave in South Berkeley. This prime location is just steps from UC Berkeley, Downtown Berkeley, and the Southside Neighborhood. The building showcases cutting-edge prefabricated modular steel construction, offering a unique chance to acquire a modern property at an attractive basis under $240,000 per unit. There is assumable debt available with a 3.93% 5-year fixed interest rate at ~60% loan-to-value ratio amortized over 30 years making the cash-on-cash return of this newly constructed investment property roughly 5%. The unit's size range from 306-327 SF and feature 9 ft ceilings, operable oversized floor-to-ceiling dual pane windows with custom blackout fabric roller shades and individually controlled & metered AC/Heat mini split units. The modern interior finishes include a custom murphy bed that doubles as a sofa, custom cabinetry, stone counter tops, stainless-steel Energy Star appliances, oversized showers with subway tile surrounds & glass swinging doors, full-width vanities with quartz counter tops and porcelain tile flooring. The units are individually metered for electric and submetered for water.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 11/07/2024

Co-Listed By

David Brennan

CBRE License #01074776

Last Buyer's Agent

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 11/07/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2018 | Newly Remodeled

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Slab Foundation

Interior Spaces

  • 10,451 Sq Ft Home
  • 4-Story Property
  • Double Pane Windows
  • Formal Entry

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Suppression System

Parking

  • 1 Parking Space
  • Off-Street Parking

Additional Features

  • 5,324 Sq Ft Lot
  • Separate Meters

Community Details

  • 22 Units
  • Coin Laundry
  • 22 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 054-1719-038

Property Details

Home Type

Multi-Family

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: New Construction
  • Levels: Four
  • Stories: 4
  • Year Built: 2018
  • Special Features: NewHome

Interior Features

  • Basement: None
  • Number Of Rooms: 44
  • Appliances: Dishwasher, Electric Cook Top, Free Standing Refrigerator, Microwave
  • Flooring: Tile, Wood
  • Interior Amenities: Formal Entry
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 504.26
  • Square Footage: 10451.00
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Modular, See Remarks
  • Exterior Features: Yard Space
  • Foundation: Concrete, Slab
  • Roof: Flat

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 1.00

Utilities

  • Cooling: Individual, See Remarks
  • Heating: Individual, See Remarks
  • Security Features: Carbon Mon Detector, Fire Alarm, Fire Suppression System, Secured Access, Security Gate, Smoke Detector
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 51696

Lot Info

  • Assessor Parcel Number: 054-1719-038
  • Lot Features: Curbs/Gutters, Sidewalk
  • Lot Size Acres: 0.1222
  • Lot Size Sq Ft: 5324.00
  • Lot Size Units: SqFt
  • Price Per Acre: 43126022.91

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Other
  • Units Furnished: All Units

Building Info

  • Building Name: Shattuck Studios
  • Number of Units Total: 22

Multi Family

  • Gross Rent Multiplier: 10.09
  • Number of Studio Units: 22
  • Number Of Units Leased: 22
  • Number Studios Occupied: 20
  • Separate Meters: Electricity, Other

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Price Changed $1,800 -14.1% $5 / Sq Ft
03/15/2025 03/15/25 For Rent $2,095 0.0% --
02/10/2025 02/10/25 Sold $5,270,000 0.0% $504 / Sq Ft
11/16/2024 11/16/24 Pending -- -- --
11/07/2024 11/07/24 For Sale $5,270,000 -- $504 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424078872

San Francisco Association of REALTORS® MLS