2441 Haste St, Berkeley, CA 94704

Property Description

The Colliers Bay Area Multifamily Team is pleased to present 2441 Haste Street(New Sequoia Apartments), a premier mixed-use apartment community situated on a 0.26-acre parcel in Berkeley, California. Comprising a modern residential building constructed in 2016, the property offers residents high-end amenities and an irreplaceable location just steps from the University of California, Berkeley campus, major employment hubs, and premier retail corridors. 2441 Haste Street presents investors with immediate, stable yield paired with substantial long-term appreciation potential offering an attractive student housing multifamily investment. Constructed in 2016, New Sequoia Apartments spans 43,336 gross square feet and features a desirable mix of (42) spacious residential units and (1) prime ground-floor commercial space. The residential composition includes (1) Studio unit, (8) 1-Bedroom / 1-Bathroom units, and (33) 2-Bedroom / 1-Bathroom units, complemented by a 7,061 SF commercial space currently leased to Mezzo / Raleigh's Pub through 2040. Residents enjoy amenities such as on-site laundry facility, controlled access, community lounge, bike storage, and furnishings in select units. The asset offers an investor a well-located, complementary unit mix suited to one of Berkeley's strongest student housing neighborhoods with a clear path of rent appreciation through lease-up.