EAST BAY REAL ESTATE SPECIALISTS

OAKLAND OFFICE | MORAGA OFFICE
BRE# 01517082

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1516 University Ave | Berkeley

LISTING INFORMATION
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MLS#
40823678
Price
$2,500,000
Type
Commercial
Bedrooms
0
Bathrooms
0
Sq. Ft.
3,130
Age
0 years
Lot Size
9508 sq.ft.
Pool
N
Garage
N
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DESCRIPTION:

1516 University Avenue, Berkeley - Potential Development Site

Flag Shaped Lot on University Avenue with Income Producing Commercial Building Less Than a Mile from UC Berkeley Campus

Lot:
• 9,508 square foot lot ($109/sq.ft)
Existing Building:
• 3,130 square feet with two commercial tenants

Zoning Designation:
• The project site is within C-1 and within University Avenue Mixed Use Overlay areas
• R-2 Zoning District

Proposed Residential Project with California Density Bonus:

• 5-Story, 53’ tall stick frame building with roof deck, courtyard, elevator and no parking
• 32 residential units, 2 ground floor lofts and 1 retail space ($71k/unit)
• 21,501 livable sq.ft + 1,485 sq.ft of retail ($109/ sq.ft)
• 40,545 gross sq.ft with 8,818 sq.ft of common area
• 25% required to be affordable housing
• FAR is limited to 2.5
• The following fees would apply:
- Affordable Housing Mitigations for rental housing projects (Per BMC 22.20.065)
- Public Art on Private Projects (Per BMC Chapter 23C.23)

Location Scores

• Walk Score 92
• Transit Score 68
• Bike Score 100


Updated On: July, 17 2019
 
CONTACT
 
Andy Read

Andy Read
510.594.2400 x222
email Andy

Ana O'Byrne
510.761.8480
email Ana

ADDITIONAL INFORMATION
Contact Andy Read at 925.330.1948 for additional details.