
Student Housing Redevelopment Site
2362 Bancroft Way,
Berkeley, CA
Berkeley, CA Site
Redevelopment
A Shovel-Ready
Student Housing Opportunity
2362 Bancroft Way presents a compelling church site redevelopment opportunity in the heart of Berkeley’s Southside, directly adjacent to UC Berkeley and within one of the city’s most pro-housing zoning districts. The 1.26-acre assemblage is zoned R-SMU, a high-density mixed-use designation intentionally strengthened through the 2023 Southside Plan amendments to encourage new student-oriented housing supply. With the potential to support a large-scale residential or group living project—potentially enhanced through California’s State Density Bonus framework—the site offers investors and developers a rare chance to reposition an existing church property into a high-bed-count student housing community aligned with Berkeley’s long-term planning priorities.
Investment Highlights
Rare 1.26-Acre Southside Berkeley Assemblage
The property offers a large-scale, infill redevelopment footprint immediately adjacent to UC Berkeley, a highly constrained and supply-limited student housing market.
High-Density R-SMU Zoning
The site is zoned R-SMU, one of Berkeley’s most development-friendly designations, allowing for high-density residential and group living uses that are particularly well suited for student housing.
Policy-Aligned Redevelopment Opportunity
Recent Southside Plan amendments were specifically designed to encourage new housing near campus, positioning a redevelopment strategy at this church site squarely in line with Berkeley’s adopted planning and pro-housing policy objectives.
Significant By-Right and Density Bonus Upside
Base entitlements support approximately 350,000–380,000+ square feet of gross building area, with additional upside through California State Density Bonus provisions that could materially expand height, FAR, and total bed count.
Expanding Enrollment at UC Berkeley
UC Berkeley’s student body reached 46,151 students in fall 2025, reflecting 9.0% growth since the 2020–2021 academic year and continued year-over-year expansion at one of the nation’s top-ranked public universities. With 6,724 first-year freshmen enrolled in fall 2025, a 97% freshman retention rate, and approximately 77% of students living off campus, the university’s sustained enrollment growth and limited housing capacity continue to reinforce long-term demand for well-located student housing near campus.
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Berkadia Student Housing Investment Sales
Kevin Larimer
Senior Managing Director
248.341.3305
[email protected]
MI DRE 6501259415
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Director
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310.470.8963
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Aaron Moll
Managing Director
248.208.0529
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Steve Skok
Managing Director
312.845.5164
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Peter Benedetto
Senior Managing Director
248.208.3462
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Trevor Friday
Director
248.224.4660
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Kidder Mathews Investment Sales
Kevin Lynch
Senior Vice President
916.316.3524
[email protected]
LIC NO 01833092
Mike Metzger
Senior Vice President
916.835.3341
[email protected]
LIC NO 01902110
Berkeley, CA Site
Redevelopment
2362 Bancroft Way Berkeley, CA 94704

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