100% Vacant By Jun 2025, 3 Blocks to Cal 2480 Virginia St

PROPERTY TOURS ARE AVAILABLE BY APPOINTMENT. REACH OUT TO ZACHARY GREENWOOD AT (925) 238-9028 TO SCHEDULE A PROPERTY TOUR
2480 Virginia St presents an exceptional opportunity to acquire a value-add apartment building located in the coveted Northside/Hilltop neighborhood of Berkeley, CA. The property is situated just 3 blocks from UC Berkeley, the # 1 public school is the United States. Built in 1949, this 7,142 SF multifamily investment property is comprised of 8 apartment units spanning 2 stories. The building is situated on a 7,350 SF / 0.17 acre lot and features tuck-under parking for 8 vehicles, a storage room with 8 private storage closets, and an on-site laundry facility. The property boasts a mix of 5 1-bed units & 3 2-bed units, one of which features a private balcony. The units are large with an avg. unit size of 819 SF and present an opportunity to increase the bedroom count. The tuck-under parking, storage room, and laundry facility provide an opportunity to complete accessory dwelling unit (ADU) conversions to increase the unit count.
As of the 2024 Fall semester, there are nearly 45,900 students enrolled at UC Berkeley, and the university can only provide housing for approximately 25% of the student population. With UC Berkeley experiencing a steady increase in student enrollment and a significant shortage of student housing, there's high demand for modern accommodations with student-focused amenities.
THE PROPERTY MAY BE PURCHASED INDIVIDUALLY OR WITH 1700 Le Roy Avenue, A 15 UNIT VALUE-ADD INVESTMENT PROPERTY LOCATED 3 BLOCKS FROM UC BERKELEY.