$8,000,000

2477 Virginia ST, Berkeley, CA 94709

  • 25,644 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $312/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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 with 25 secure parking spaces. 24-Unit Multifamily Investment: 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. For additional financial details and property information, contact us to receive the full Offering Memorandum.

Listing Status:
Active
Date Added:
November 4, 2025 at 06:00AM
Listing Office:
Matthews Real Estate Investment Services Inc. : 866-889-0550
Listing Agent:
Ryland Montes De Oca : 707-933-6166
MLS ID:
41116678
  • Laundry: Common AreaIn Garage
  • Basement: None
  • Flooring: See Remarks
  • A/C: See Remarks
  • Heating: See Remarks
  • General: No Yard
  • Parking: Below Ground Parking
  • General: None
  • County: Alameda
  • Zoning: 5821946
  • Utilities: Water/Sewer See Remarks

This listing courtesy of Ryland Montes De Oca, Matthews Real Estate Investment Services Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Berkeley Arts Magnet at Whittier (BAM)

1645 Milvia St, Berkeley, CA, 94709

Grades KG-5

0.51 miles away

M

Martin Luther King Jr. Middle School

1781 Rose St, Berkeley, CA, 94703

Grades 6-8

0.91 miles away

B

Berkeley High School

1980 Allston Way, Berkeley, CA, 94704

Grades 9-12

0.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.