Valiance Capital Acquires Multifamily Property In Berkeley For $15M

Located in the heart of Berkeley's Southside Telegraph Avenue District, this 1919-vintage, 6-story mixed-use building at 2414 Telegraph Avenue has been sold for a total of $15,000,000. The property, consisting of 37 residential units and 5 ground-floor retail spaces, spans approximately 40,000 square feet and sits on a 16,325 square foot lot. The property also includes private parking spaces, adding to its appeal. The sale price translates to a per unit price of $357,143 and a price per square foot of $378.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Units: 42
• Price per Unit: $357,143
• Square Footage: 39,682
• Price per Square Foot: $378

Valiance Capital, represented by Nhan Nguyen Le, has acquired 2414 Telegraph Avenue, marking their 22nd acquisition in the Berkeley submarket. The property's prime location, just two blocks away from UC Berkeley, which is ranked as the top public university in the world, adds to its desirability.