2480 Virginia Street
$4,235,000
—
7,142
7,142
$593
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...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.
- Listed by Keith Manson • DRE #01490046 • Brokerage DRE #00409987 • CBRE
- Listed by Zachary W Greenwood • DRE #01960296 • Brokerage DRE #00409987 • CBRE
Property Details for 2480 Virginia Street
Parking Features
Carport/Pad, Covered, Off Street
Cross StreetEuclid Avenue
Total Parking Spaces8
LISTING UPDATED: 10/21/2024 03:31 PM
Property Details for 2480 Virginia Street
Status | Active |
---|---|
MLS # | 424075266 |
Days on Compass | 44 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1949 |
Lot Size | 0.17 AC / 7,348 SF |
County | Alameda County |
Building Information for 2480 Virginia Street
Stories2Residences8Year Built1949Building Size-Lot Size0.17 AC / 7,348 SF
Property Information for 2480 Virginia Street
Property History for 2480 Virginia Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2480 Virginia Street
Taxable ValueLand$410,158Additions$143,006Total$553,164
Tax Record2024$1,279 ($107 / month)
Home Facts
Total Finished SqFt6,410 SqFtAbove Grade Finished SqFt6,410 SqFtStories2Lot Size7,350 SqFtStyleMulti-Family Res (5+ Units)Year Built1949CountyALAMEDAAPN58-2193-1-1
Schools near 2480 Virginia Street
This home is within Berkeley Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | K to 5 |
Rating | School | Distance |
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Oxford Elementary School PublicK to 5 | ||
Washington Elementary School PublicK to 5 | ||
Cragmont Elementary School PublicK to 5 | ||
Berkeley Arts Magnet at Whittier School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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