Hillside Residence Hall | Irreplaceable Location

Highlights:

• Located less than 2 blocks from the UC Berkeley main campus as well as the Clark Kerr campus and just steps from the California Memorial Stadium
• Significant existing common areas including TV lounge, common dining area, industrial kitchen, gameroom (including ping pong and pool tables), outdoor patio, computer room, study lounge, etc.
• Meaningful re-design capability using either current floor plan or utilization of common area to create more units
• Historically occupied by UC Berkeley students which garners immediate currency with prospective tenants
• Architecturally unique design complements a spacious layout

Description:

Colliers International, as the exclusive advisor, is pleased to present the opportunity to acquire Hillside Residence Hall, a 33-unit (72 bed) apartment community in Berkeley, CA. Hillside Residence Hall, is located at 2425 Prospect Street in Berkeley, CA. The property is ideally located less than two blocks from the University of California, Berkeley.

Hillside Residence Hall offers investors the opportunity to acquire a sizeable, in-demand asset with significant upside. New ownership will have the option to continue increasing rents and capitalize on the existing loss-to-lease or implement a moderate-to-significant renovation of the unit interiors and/or current floorplan. The combination of the irreplaceable location, historically strong market and the overall condition of the asset makes Hillside Residence Hall one of the most unique offerings in the entire Bay Area.

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