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2112 Virginia St
Berkeley, CA 94709
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 2,912 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1941 |
| Zoning | R, Berkeley | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,912 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Zoning | R, Berkeley |
ABOUT 2112 VIRGINIA ST , BERKELEY, CA 94709
Located in a highly sought-after location in North Berkeley, just above Shattuck Avenue and one block from UC Berkeley campus sits 2112 Virginia Street. Tenants can easily walk to campus (and to the best shops and eateries of the Gourmet Ghetto) within six-minutes. The AC Transit bus stop to San Francisco is just around the corner, and the Downtown Berkeley BART station is a ten-minute walk away. 2112 Virginia consists of four larger-than-average one-bedroom apartments with an onsite laundry. All units will be vacant by June 1st, 2019. The property has undergone significant capital improvements as recently as three years ago. In 2016, the owner replaced the foundation, painted the exterior, and installed a French drain. A year prior, the owner also replaced the sewer lateral, recoated the roof, and installed a new water heater. Of greater importance, since all four units will be vacated soon, the new owners will have the flexibility to quickly execute their vision for the property without disruptions from legacy tenants. This ideal geographic location means the new owner can command monthly rents higher than average in Berkeley’s rental market.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 728 |
PROPERTY TAXES
| Parcel Number | 058-2177-002-00 | Improvements Assessment | $1,557,924 |
| Land Assessment | $667,682 | Total Assessment | $2,218,606 |
PROPERTY TAXES
