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2480 Virginia St
Berkeley, CA 94709 North Berkeley

$4,235,000 USD

Apartments For Sale • 7,142 SF

Property Details

Property Type Apartments
Total Building Size 7,142 SF
Lot Size 0.17 AC
Building Class C
Year Built 1949
Cap Rate 5.68 %

62 Transit Score

87 Walk Score

                
                    Highlights
                
                                RARE CHANCE TO ACQUIRE A MULTIFAMILY INVESMENT PROPERTY IN BERKELEY’S NORTHSIDE NEIGHBORHOOD THREE BLOCKS FROM UC BERKELEY
                            
                                TRUE VALUE-ADD OPPORTUNITY DELIVERED MOSTLY VACANT WITH REMAINING UNITS TO BE VACATED BY JUNE 2025
                            
                                LARGE UNITS & CONDUCIVE UNIT LAYOUTS PROVIDE THE POTENTIAL OPPORTUNITY TO ADD BEDROOMS
                            
                                STEPS FROM THE #1 PUBLIC UNIVERSITY IN THE WORLD
                            
                                RENOVATED STUDENT FOCUSED MULTIFAMILY PROPERTIES IN BERKELEY COMMAND IMPRESSIVE RENTAL RATE
                            
                                EXCELLENT HISTORICAL & FORECASTED RENT GROWTH

Financial Summary (Actual)

Net Operating Income: $240,344 USD (2023)

Cap Rate:	5.68 %
Total Expenses:	$97,686 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Berkeley (Capitol Corridor - Amtrak)	8 min	-	2.5 mi
Emeryville (California Zephyr - Capitol Corridor Joint Powers Authority, Capitol Corridor - Capitol Corridor Joint Powers Authority, Coast Starlight - Capitol Corridor Joint Powers Authority, San Joaquins - Capitol Corridor Joint Powers Authority)	12 min	-	3.8 mi
Transit/Subway	Drive	Walk	Distance
Downtown Berkeley Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART))	3 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Metro Oakland International	26 min	-	15.6 mi
San Francisco International	43 min	-	25.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Surface
Included in Rent:	Yes

Keith Manson 510-874-1919 CBRE, Inc.

2480 Virginia St Berkeley, CA 94709 North Berkeley