Thank you
Jatin Mehta
Pellego
949-394-0149
2377 Virginia Street in Berkeley is a rare opportunity for investors looking for a charming 7-unit building in a prime location. The building is located in the desirable Northside neighborhood, just 2 blocks to the most prestigious university, the University of California, Berkeley. The building is situated on a quiet tree-lined street and offers (5) 1 bedroom units and (2) studios many of which have exposed wood giving an extraordinary living experience to tenants. The building comprises a 4-unit in the front and a triplex in the back, 3 tandem off-street parking spaces and unlimited storage options (all delivered vacant). Additionally, the building offers 2 units delivered vacant, one of them being a 1 bed 1 bath owners unit. This unit is a unique and beautiful unit with skylights and handcrafted woodwork in the unit, and has 2 large spacious decks perfect for entertaining. There is an opportunity to create a laundry room under the owners unit as it has plumbing retrofitted for the washer and dryer. The property offers strong in-place cash flow of $15,270 est per month (when 100% occupied) and for extra income there are 7 storage spaces and 3 off street parking spaces all delivered vacant at close of escrow.
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None
Air Conditioning
Natural Gas
Has Heating
Year Built: 1929
Construction: Wood Siding
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.14
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6250
Original List Price: 2,599,000
Listing Contract Date: 2024-01-15
Parcel Number: 058 218701300
Lease Term: Negotiable
Tenant Pays: Gas
Source Listing Status: Active
Source Neighborhood:
Directions: Google Maps Cross Street: Hilgard Ave.
Source Property Type: Residential Income
Property Age: 95
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2213 Rose St, Berkeley, CA,94709 | $2,995,000 | -- | -- | -- | 5715 Sqft |
2572 Virginia Street #5, Berkeley, CA,94709 | $899,000 | 2 | 2 | 985 | 1100 Sqft |
1739 Spruce Street, Berkeley, CA,94709 | $8,380,000 | -- | -- | -- | 18750 Sqft |
2572 Virginia #5, Berkeley, CA,94709 | $899,000 | 2 | 2 | 985 | 1100 Sqft |
2377 Virginia Street, Berkeley, CA,94709 | $2,599,000 | -- | -- | -- | 6250 Sqft |
1444 Walnut St, Berkeley, CA,94709 | $6,875,000 | -- | -- | -- | 4400 Sqft |
2634 Virginia Street #23, Berkeley, CA,94709 | $850,000 | 1 | 1 | 878 | 12712 Sqft |
1412 Henry Street, Berkeley, CA,94709 | $945,000 | 3 | 2 | 1,554 | 7991 Sqft |
1422 Oxford St, Berkeley, CA,94709 | $2,795,000 | 8 | 7 | -- | 5400 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 00:07
MLS: 41047549
LISTED BY: Jatin Mehta, Pellego
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.