2741 Dwight Way

Description:

Located just steps from the UC Berkeley campus in the heart of the Southsideneighborhood, 2741 Dwight Way is a rare opportunity to acquire a 12-unit multifamilyasset purpose-built for student housing. This high-demand location sits directly on Dwight Way, a major east–west transit corridor, with an AC Transit stop just outsidethe front door and Fraternity Row just around the corner. With a 90+ Walk Score andeveryday conveniences, cafés, and restaurants nearby, the property appeals to studentsseeking a vibrant, car-light lifestyle close to campus.Built in 1964, the 3-story building features twelve spacious 2-bedroom, 1-bathroomunits (~750 sq ft each) across 9,078 sq ft. The units are fully leased to UC Berkeleystudents, with all leases under two years—providing natural turnover and repositioningopportunity. Interiors retain original kitchens and baths, but flooring has been updated,setting the stage for value-add renovations. Large living rooms offer layout flexibility, withpotential to convert 2BD units into 3BD layouts to drive higher rents. Additional upsideincludes a rare subterranean garage with 15 spaces—ideal for ADU conversion or futureredevelopment. With location, scale, and multiple paths to increase income, this is a truelong-term hold in Berkeley’s most reliable rental submarket


Southside Berkeley — High-demand student rental corridor directlyadjacenttoUCBerkeley.

PrimeTransitAccess— Located on Dwight Way with an AC Transit stop across the street; close to Downtown Berkeley BART.

Student-Centric Demand—Surrounded by Fraternity Row and other purpose-built student housing assets


Twelve 2BD/1BA Units — Spacious ~750 sq ft layouts across 9,078 total sq ft.

Subterranean Garage — Rare garage with 15 spaces with ADU conversion potential.

Updated Systems — Mid-century construction with modern entry security, onsite laundry, and refreshed exterior/interior finishes.

Updated Roof — Armstrong brand foam roof installed in 201