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Listed by Ryland Montes De Oca • Matthews Real Estate Investment Services Inc.
$ 8,000,000
Est. payment /mo
New
2477 Virginia ST Berkeley, CA 94709
25,644 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 25,644 sqft
Price per Sqft $311
MLS Listing ID EB41116678
Year Built 1964
Lot Size 0.287 Acres
Property Sub-Type Multiple Dwellings / Structures
Source Bridge MLS
Property Description
Prime North Berkeley Location: Located in the heart of Berkeley's highly sought-after Northside neighborhood. Seller Financing Available at 4.50% (Short Term or Long Term). Attractive Physical Asset: Built in 1964, the ±25,644 SF building sits on a ±0.29-acre lot with 25 secure parking spaces. 24-Unit Multifamily Investment: Caters to a wide tenant base, ensuring steady occupancy and long-term rent growth. Value-Add Opportunity: With current average rents approximately 20-25% below market, investors can capitalize on organic rent growth. Favorable Unit Sizes: Large average unit size of ±1,068 SF provides flexibility for future renovations or student-oriented leasing strategies. For additional financial details and property information, contact us to receive the full Offering Memorandum.
Location
State CA
County Alameda
Area Berkeley Map Area 1
Interior
Laundry In Garage, Community Facility
Exterior
Parking Features Underground Parking
Garage Spaces 24.0
Others
Tax ID 58-2194-6
Special Listing Condition Not Applicable
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