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Listed by Ryland Montes De Oca • Matthews Real Estate Investment Services Inc.
$ 7,650,000
Est. payment /mo
Active
2477 Virginia ST Berkeley, CA 94709
19,491 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 19,491 sqft
Price per Sqft $392
Subdivision North Campus
MLS Listing ID 41126853
HOA Y/N No
Year Built 1964
Lot Size 0.287 Acres
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
Court Royal is a 24-unit multifamily property located at 2477 Virginia St in North Berkeley. Built in 1964, the 25,644 SF building sits on a 0.29-acre lot and includes (7) studios, (11) one-bedroom/one-bath, and (6) two-bedroom/two-bath units. The property offers 25 secure parking spaces and on-site laundry. Fully leased with strong in-place income and approximately 20-25% rental upside through turnover and interior upgrades. Located minutes from the University of California, Berkeley and the Gourmet Ghetto with a Walk Score of 90. Strong rental demand from students, faculty, and professionals. Seller financing available at 4.50%.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Fireplace No
Building
Lot Description Security Gate, See Remarks
Others
Special Listing Condition Standard
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