Contacts
Jatin Mehta
Kite Hill Real Estate
(949) 929-9562
Property Details
- Property Type Multi-Family
- Property Size 3,690 SF
- Units 7
- Lot Size 0.14 Acre
- Property Tenancy Multi-Tenant
- Year Built 1929
- Year Renovated 2023
- Date Updated Apr 12, 2024
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Highlights
- Excellent Unit Mix: The front 4-unit building features (4) 1-bedroom units, while the rear triplex offers (1) 1-bedroom unit and (2) intimate studios.
- Two Units Delivered Vacant: The highly coveted owner's unit in the back triplex will be delivered vacant. This unique 1-bedroom/1-bath residence showcases exquisite handcrafted woodwork and two expansive decks that invite abundant natural light.
- Strong Cash Flow: Anticipate a projected gross rental income of $14,970 per month when the property is fully occupied, ensuring a lucrative investment opportunity.
- Off-Street Parking: 3 tandem off-street parking spaces nestled in the driveway on the right side of the property, ensuring hassle-free parking for residents.
- 7 Storage Units: The front building boasts 4 cubbies, while the rear triplex features 3 storage closets—all delivered vacant, ready for the new owner’s use.
- On-Site Laundry: The new owner can elevate resident convenience with an option to install a dedicated laundry room beneath the owner's unit, complete with available hookups for a seamless laundry experience.
- Low Maintenance: With over 40 years of ownership, the current proprietor has undertaken numerous capital improvements, ensuring that the property is poised for a seamless transition to a new owner who will require minimal maintenance.
- Cost-Efficient Operations: The property features separate metering for gas and electric, allowing tenants to cover their individual utility costs.
- Prime Location: Ideally situated with a walk score of 91, 2377 Virginia Street is a short stroll from UC Berkeley and surrounded by an array of delightful restaurants, shops, and bars, the location adds to the property's allure and convenience.
Getting around
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Location
- City Berkeley, CA
- Neighborhood North Berkeley
- Zip Code 94709
- Market Bay Area
Points of Interest
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Downtown Berkeley
0.59 miles
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North Berkeley
1.14 miles
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Ashby
1.75 miles
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Berkeley
2.18 miles
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Redwood Valley Railway
2.20 miles
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Rockridge
2.37 miles
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El Cerrito Plaza
2.61 miles
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Emeryville
3.01 miles
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MacArthur
3.39 miles
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Orinda
4.34 miles
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#1 Gas
0.64 miles
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Valero
0.72 miles
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Shell
0.77 miles
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Chevron
0.82 miles
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Chevron
1.14 miles
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76
1.27 miles
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Shell
1.43 miles
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Chevron
1.48 miles
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Berkeley Gas & Smog
1.58 miles
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Coast
1.67 miles
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Lower Hearst Structure
0.19 miles
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Genetics Underground Garage
0.31 miles
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Upper Hearst Parking Structure
0.35 miles
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University Hall West Lot
0.47 miles
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Dwinelle Lot
0.48 miles
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E
0.52 miles
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D
0.55 miles
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Bowles Lot
0.60 miles
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G3
0.60 miles
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H2
0.61 miles
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Bed and breakfast
0.35 miles
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SenS Hotel
0.37 miles
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Nash Hotel
0.51 miles
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Residence Inn by Marriott Berkeley
0.53 miles
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Hotel Shattuck Plaza
0.66 miles
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Downtown Berkeley YMCA Hotel
0.70 miles
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Berkeley Lab Guest House
0.72 miles
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Bancroft Hotel
0.74 miles
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Travelodge
0.76 miles
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Graduate Berkeley
0.77 miles
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The Campus Store
0.19 miles
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Epicurious Garden
0.35 miles
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Andronico's
0.38 miles
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Safeway
0.43 miles
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Target
0.61 miles
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Trader Joe's
0.69 miles
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Shattuck Market
0.90 miles
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Monterey Market
1.07 miles
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Andronico's Community Market
1.26 miles
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Target
1.26 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Jatin Mehta
Kite Hill Real Estate
(949) 929-9562