2480 Virginia St | Berkeley, CA 94709
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- LoopNet Team
2480 Virginia St
Berkeley, CA 94709
100% Vacant By Jun 2025, 3 Blocks to Cal · Multifamily Property For Sale · 8 Units
INVESTMENT HIGHLIGHTS
- RARE CHANCE TO ACQUIRE A MULTIFAMILY INVESMENT PROPERTY IN BERKELEY’S NORTHSIDE NEIGHBORHOOD THREE BLOCKS FROM UC BERKELEY
- LARGE UNITS & CONDUCIVE UNIT LAYOUTS PROVIDE THE POTENTIAL OPPORTUNITY TO ADD BEDROOMS
- RENOVATED STUDENT FOCUSED MULTIFAMILY PROPERTIES IN BERKELEY COMMAND IMPRESSIVE RENTAL RATE
- TRUE VALUE-ADD OPPORTUNITY DELIVERED MOSTLY VACANT WITH REMAINING UNITS TO BE VACATED BY JUNE 2025
- STEPS FROM THE #1 PUBLIC UNIVERSITY IN THE WORLD
- EXCELLENT HISTORICAL & FORECASTED RENT GROWTH
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 7,142 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1949 |
| Building Class | C | Parking Ratio | 1.12/1,000 SF |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,142 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.12/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $2,950 | 679 - 697 |
| 2+1 | 3 | $4,050 | 969 - 1,180 |
PROPERTY TAXES
| Parcel Number | 058-2193-001-01 | Improvements Assessment | $143,006 |
| Land Assessment | $410,158 | Total Assessment | $553,164 |
PROPERTY TAXES
Parcel Number
058-2193-001-01
Land Assessment
$410,158
Improvements Assessment
$143,006
Total Assessment
$553,164
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