2377 Virginia Street, Berkeley

$2,599,000

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0 Bed
0 Bath
.14 Acre
0 Garage

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.

Essential Information

MLS® #
41047549
Price
$2,599,000
Bathrooms
0.00
Acres
0.14
Year Built
1929
Type
Residential Income
Status
Active

Community Information

Address
2377 Virginia Street
City
Berkeley
County
Alameda
Zip Code
94709
Senior Community
N

Amenities

Parking Spaces
3

Interior

Heating
Natural Gas
Cooling
None

Exterior

Exterior
Wood Siding
Construction
Wood Siding

Additional Information

Date Listed
January 15th, 2024
Days on Market
105

Listing Details

Agent
Jatin Mehta
Office
Pellego

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Jatin Mehta - Pellego

Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 8:31am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.