Student Housing Redevelopment Site
2362 Bancroft Way,
Berkeley, CA

Berkeley, CA Site

Redevelopment

 1.26

Site Acres

600+

Max Potential Beds

Adjacent to
Campus

Distance to Campus

University of California Berkeley 

University Served

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.

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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.

Location

Contact Us

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Suite 150
Birmingham, MI 48009

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Suite 2600
Atlanta, GA 30326

Berkadia Student Housing Investment Sales 

Kevin Larimer
Senior Managing Director
248.341.3305
[email protected]
MI DRE 6501259415

Travis Prince
Senior Managing Director
813.739.0993
[email protected]
FL DRE BK3113158

Shawn Lubic
Director
215.882.3453
[email protected]
PA DRE RS291713

Victoria Marks
Director
678.388.2511
[email protected]
FL DRE SL 3237085

Broker of Record
Adrienne Barr
Broker-Officer CA Real Estate Broker
License #01931050
310.470.8963

Mortgage Banking

Aaron Moll
Managing Director
248.208.0529
[email protected]

Steve Skok
Managing Director
312.845.5164
[email protected]

Peter Benedetto
Senior Managing Director
248.208.3462
[email protected]

Trevor Friday
Director
248.224.4660
[email protected]

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

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Berkeley, CA Site
Redevelopment

2362 Bancroft Way Berkeley, CA 94704

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