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2477 Virginia St
Berkeley, CA 94709
Court Royal · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Prime North Berkeley Location: Located in the heart of Berkeley’s highly sought-after Northside neighborhood
- Seller Financing Available at 4.50% (Short Term or Long Term)
- Attractive Physical Asset: Built in 1964, the ±25,644 SF building sits on a ±0.29-acre lot, offering 25 secure parking spaces.
- 24-Unit Multifamily Investment: The property caters to a wide tenant base, ensuring steady occupancy and long-term rent growth.
- Value-Add Opportunity: With current average rents approximately 20- 25% below market, investors can capitalize on organic rent growth.
- Favorable Unit Sizes: Large average unit size of ±1,068 SF provides flexibility for future renovations or student-oriented leasing strategies.
Property Facts
| No. Units | 24 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 25,644 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.97/1,000 SF |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 25,644 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.97/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | $1,636 | - |
| 1+1 | 11 | $1,983 | - |
| 2+2 | 6 | $2,385 | - |
Property Taxes
| Parcel Number | 058-2194-006-00 | Improvements Assessment | $1,010,038 |
| Land Assessment | $649,310 | Total Assessment | $1,680,588 |
Property Taxes
Parcel Number
058-2194-006-00
Land Assessment
$649,310
Improvements Assessment
$1,010,038
Total Assessment
$1,680,588
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