2377 Virginia Street, Berkeley, CA

$2,599,000

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3,690

Square feet

0.14

Acres

About 2377 Virginia Street

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.

Features of 2377 Virginia Street

MLS® # 41047549
Price $2,599,000
Bathrooms 0.00
Square Footage 3,690
Acres 0.14
Year Built 1929
Type COMM RI MULTI-UNITS 5+
Sub-Type 5 or More Units
Status Active

Community Information

Address 2377 Virginia Street
Area Listing
City Berkeley
County Alameda
State CA
Zip Code 94709

Amenities

Utilities Wired For Cable TV, Individual Electric Meter, Individual Gas Meter
Parking Tandem
Is Waterfront No
Has Pool No

Interior

Interior Features Storage
Heating Natural Gas
Cooling None
Fireplace No

Exterior

Exterior Features Garden, Greenbelt
Lot Description Regular, Garden, Paved
Construction Wood

Additional Information

Date Listed January 15th, 2024
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJatin Mehta
OfficePellego

Listing Map

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