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2115 Kittredge Street

Tien Lung Chen Acquires Berkeley Commercial Property At 2115 Kittredge Street For $5 Million
SOLDCommercial

Tien Lung Chen Acquires Berkeley Commercial Property At 2115 Kittredge Street For $5 Million

2115 Kittredge Street

$5,000,000

Building Size

Asset Type

Commercial

Closing

Apr 23, 2026

AI

The property involved in this transaction is located at 2115 Kittredge Street in Berkeley, California. It is categorized as a commercial asset and was sold in an all-cash deal for $5,000,000. The site, previously home to Berkeley’s California Theatre, has an uncertain future with previous redevelopment plans either stalled or unresolved, leaving options open for either demolition or restoration.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $5,000,000
  • Buyer: Tien Lung Chen
  • Date of Sale: 04/23/2026
  • Market: Berkeley

Tien Lung Chen represents the buyer in this transaction, which marks another acquisition within California. The deal reflects ongoing interest in the site despite its long-standing closure and the ambiguity surrounding its potential uses and redevelopment options.

Players

Tien Lung Chen

Buyer

$16.1M

vol

2 deals

Buyer

Berkeley Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93