The sale transfers 314 units around downtown that mostly house students and could bring over $4 million in transfer taxes to the city.
The developer and preservationists had hoped to save it, but the house was so large it would have to be cut in two to be brought through Berkeley streets.
The units will have "chic amenities" and the complex will include a gym and parking garage. The project should be finished by mid-2020.
Work should begin mid-summer on the construction of 205 apartments on University Avenue right near UC Berkeley.