2480 Virginia ST new Save Request In-Person Tour Request Virtual Tour
Berkeley,CA 94709
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
Parking Type Carport,Covered,Off Street
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