Property Summary & Current Configuration

Situated on a quiet, tree-lined street in one of Berkeley’s most supply-constrained rental neighborhoods, 2702 Dana Street offers exceptional proximity to the University of California, Berkeley, Telegraph Avenue, and Ashby BART Station. The location provides outstanding walkability and transit access, with a Walk Score of 92 and Bike Score of 97, supporting consistent year-round demand from students and renters.

The property comprises approximately ±5,466 square feet across three duplexes on a single ±15,000 square foot parcel, an increasingly rare offering this close to campus. One-to-one parking enhances its appeal, including two two-car garages.

Currently, the rear duplex is configured as two traditional residential units with strong rental appeal due to their proximity to campus, Willard Park, and amenities such as Berkeley Bowl. The front two duplexes, originally built as residential, have been connected by a shared common area and are presently used as eight individual offices. Given the original construction of the conjoined duplexes, this building can be readily converted back to a residential use, allowing for eight residential units in the front and two stand-alone residential units in the rear (stand-alone duplex), offering both immediate income potential and flexible repositioning upside.

2702 Dana Street offers a compelling combination of location, scale, parking, and conversion flexibility. Investors and developers can reposition the asset into high-demand student housing, pursue additional density through ADUs, or hold a generational Berkeley property supported by durable fundamentals and limited new supply.

Student Housing Conversion

The property is well positioned to capitalize on Berkeley’s student housing demand through conversion of the conjoined duplexes into a dorm-style configuration.

• Contains eight offices that can be converted into bedrooms with two beds per room
• Underwritten at $1,400 per bed; nearby properties achieve ~$1,800 per bed
• Layout currently contains four kitchens and four bathrooms (two bedrooms per kitchen/bath)
• Central common area suitable for amenity space such as dining room, study lounge, social room

Large Lot / ADU Potential

• ±15,000 square foot parcel provides excess land for ADU development or additional income streams