$18,000,000 SALE
108,677 SF
3031 Telegraph Ave.
Berkeley, CA 94705 127 Unit Development Site | Elmwood, Berkeley CA

3031 Telegraph Ave is an ideally located development site in the Elmwood District of Berkeley. Plans have been approved for a six-story residential infill. The project will replace a two story commercial structure with 127 new units. The new structure will yield approximately 108,677 square feet with 93,809 square feet for housing, 1,921 square feet for retail, and 7,977 square feet of garage parking. The proposed plan includes 19 two bedroom apartments, 54 one bedroom apartments, 54 studio apartments, and parking for 19 cars and 64 bicycles. 9 of the residential units are designated low income units. This property is ideally located directly across the street from a Whole Foods Market!

Property Type Multi-Family
Property Use Rental or Investment
Year Built 1955
Listing ID 286Q2J
MLS ID 423919242
Style Multi-Family (Over 20 Units)
Building Size 108,677 SF
Lot Size 31604 SF

Property Highlights

Excellent Elmwood Neighborhood Location! Directly Across from a Whole Foods Market! 127 Unit Mixed Use Development Site 19 Two Bedroom Apartments 54 One Bedroom Apartments 54 Studio Apartments 10 Car Residential Parking (2 ADA) 9 Car Commercial Parking (2 ADA) 64 Bicycle Parking Approx. 93,809 SF* of Residential Space Approx. 1,921 SF* of Commercial/Retail Space Approx. 2,436 SF* of Common Area (Excluding Garage) Approx. 7,977 SF* of Garage Parking Proposed Footprint: Approx. 27,186 SF* Current Footprint: Approx. 11,033 SF* *Per Architectural Plans. Plans Approved by Berkeley Zoning Adjustments Board April 27, 2023.

Area Description

Area Description: The property is located at the intersection of Telegraph Avenue and Webster Street, in the Elmwood neighborhood of Berkeley and just a few blocks away from the Berkeley border with North Oakland. Home to some of Berkeley’s finest residences, Elmwood offers the self-contained, community-based character of a small town. The Elmwood District is a local treasure, a two-block shopping and dining-centric area and Berkeley's oldest commercial district. College Avenue, Elmwood’s main shopping corridor, is home to dozens of shops and restaurants. The Rialto Cinemas Elmwood is a classic Berkeley Theater, screening first-run films nightly. The Elmwood boasts over 50 independently-owned boutiques, and dozens of cafes and restaurants. Its wide range of cuisines reflects the diversity of Berkeley. Future residents will be immediately adjacent to the AC Transit Telegraph Avenue bus line and 15 minutes away from the Ashby BART Station. With its close proximity to downtown Berkeley and the UC Berkeley campus, and access to San Francisco via Rockridge and Ashby BART, it’s one of the best commuter neighborhoods in the East Bay, making it an ideal location for students and young professionals alike.

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