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
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