Homes for sale - 2480 Virginia ST, Berkeley, CA 94709

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Alex Duarte

alex@tdgsells.com +1(714) 373-6828

Listed by Keith Manson CBRE

$ 4,235,000

Est. payment -/mo

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Active

2480 Virginia ST Berkeley, CA 94709

11 Beds

7,142 SqFt

UPDATED:

10/21/2024 11:38 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,142 sqft

Price per Sqft $592

MLS Listing ID 424075266

Bedrooms 11

HOA Y/N No

Year Built 1949

Lot Size 7,350 Sqft

Acres 0.1687

Property Description

2480 Virginia St presents an exceptional opportunity to acquire a value-add apartment building located in the coveted Northside/Hilltop neighborhood of Berkeley, CA. The property is situated just 3 blocks from UC Berkeley, the # 1 public school is the United States. Built in 1949, this 7,142 SF structure is comprised of 8 apartment units spanning 2 stories. The building is situated on a 7,350 SF / 0.17 acre lot and features tuck-under parking for 8 vehicles, a storage room with 8 private storage closets, and an on-site laundry facility. The property boasts a mix of 5 1-bed units & 3 2-bed units, one of which features a private balcony. The units are large with an avg. unit size of 819 SF and present an opportunity to increase the bedroom count. The tuck-under parking, storage room, and laundry facility provide an opportunity to complete accessory dwelling unit (ADU) conversions to increase the unit count. As of the 2024 Fall semester, there are nearly 45,900 students enrolled at UC Berkeley, and the university can only provide housing for approximately 25% of the student population. With UC Berkeley experiencing a steady increase in student enrollment and a significant shortage of student housing, there's high demand for modern accommodations with student-focused amenities.

Location

State CA

County Alameda

Area Berkeley Map Area 1

Rooms

Basement Partial, Unfinished

Interior

Heating Gas, Wall Furnace

Cooling None

Flooring Tile, Vinyl, Wood

Fireplace No

Appliance Free-Standing Freezer, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Varies By Unit

Laundry Coin Operated, Common Area

Exterior

Roof Type Asphalt

Total Parking Spaces 8

Building

Lot Description Other

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction Yes

Others

Tax ID 058219300101

Acceptable Financing Other

Listing Terms Other

Alex Duarte

CEO | i01970077

+1(714) 373-6828

Alex Duarte

2480 Virginia ST Berkeley, CA 94709

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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2480 Virginia ST