Court Royal 2477 Virginia St

Located just three blocks from UC Berkeley’s campus, Crest Royal’s studio, one-bedroom and two-bedroom apartments come with full clean, updated kitchens and bathrooms with many units offering eat-in kitchens and large private balconies.
Built in 1964, the property offers an irreplaceable, infill location just steps from the beating heart of the city of Berkeley– the University of California at Berkeley. Residents benefit from better than 1:1 parking and an abundance of storage options in addition to a communal central atrium that functions as an open-air lounge area.
In addition to immediate proximity to UC Berkeley, the property’s location north of campus is just a few blocks from
Berkeley’s “Gourmet Ghetto” – home to the world-renowned Chez Panisse which was at the vanguard of “California
Cuisine” and the farm-to-table movement. The neighborhood is home to the first Peet’s Coffee location, Cheeseboard Collection and a plethora of other succulent dining options. The community's well-appointed unit interiors provide variable paths for adding value to the investment. Higher student and resident density coupled with reconfiguration could translate to a durable improvement in income growth. Additionally, there is opportunity to increase topline revenue with the implementation of utility reimbursements, full monetization of parking spaces and utilization of storage spaces for rent.