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2477 Virginia St
Berkeley, CA 94709 North Berkeley

$7,650,000 USD

Apartments For Sale  •  25,644 SF

Property Details

• Property Type Apartments
• Total Building Size 25,644 SF
• Lot Size 0.29 AC
• Building Class C
• Year Built 1964

64 Transit Score

90 Walk Score

Highlights

Prime North Berkeley Location: Located in the heart of Berkeley’s highly sought-after Northside neighborhood

24-Unit Multifamily Investment: The property caters to a wide tenant base, ensuring steady occupancy and long-term rent growth.

Seller Financing Available at 4.50% (Short Term or Long Term)

Value-Add Opportunity: With current average rents approximately 20- 25% below market, investors can capitalize on organic rent growth.

Attractive Physical Asset: Built in 1964, the ±25,644 SF building sits on a ±0.29-acre lot, offering 25 secure parking spaces.

Favorable Unit Sizes: Large average unit size of ±1,068 SF provides flexibility for future renovations or student-oriented leasing strategies.

Public Transportation

Commuter Rail	Drive	Walk	Distance
Berkeley (Capitol Corridor - Amtrak)	8 min	-	2.5 mi
Emeryville (California Zephyr - Amtrak, Capitol Corridor - Amtrak, Coast Starlight - Amtrak, San Joaquins - Amtrak)	12 min	-	3.8 mi
Transit/Subway	Drive	Walk	Distance
Downtown Berkeley Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART))	3 min	15 min	0.8 mi
Downtown Berkeley (Berryessa/North San Jose to Richmond - Bay Area Rapid Transit (BART), Millbrae/SFO to Richmond - Bay Area Rapid Transit (BART), Richmond to Berryessa/North San Jose - Bay Area Rapid Transit (BART), Richmond to SFO/Millbrae - Bay Area Rapid Transit (BART))	2 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Metro Oakland International	26 min	-	15.6 mi
San Francisco International	43 min	-	25.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	25
Type:	Covered
Included in Rent:	Yes