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 structure 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, theres high demand for modern accommodations with student-focused amenities.
Property Details
Property Features
Property Information:
Year Built: 1949
Stories: 2
Living Area: 7,142 SqFt
Listing Office:
Office Name: CBRE
Office Phone: (510) 874-1900
Listing Agent: Keith Manson, Zachary W Greenwood
Interior Features
Interior Information:
Appliances: Freezer, Gas Oven, Gas Range, Refrigerator, Microwave
Basement: Yes
Flooring Type: Tile, Vinyl, Wood
Bedroom and Bathroom Information:
Total Bedroom Count: 11
Exterior Features
Parking Information:
Parking: Carport, Covered, Off Street
Lot Features
Lot Information:
Lot: Other
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Wall Furnace
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $4,235,000
Price Per SqFt: $593/SqFt
Tax Information:
Annual Amount: $1,050
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Berkeley Arts Magnet at Whittier (BAM)
1645 Milvia St
Distance between this listing and this school0.53 miles
Public Magnet Grades KG-5
6
/10
Washington Elementary School
2300 Martin Luther King Jr Way
Distance between this listing and this school1.00 miles
Public District Grades KG-5
6
/10
Emerson Elementary School
2800 Forest Ave
Distance between this listing and this school1.27 miles
Public District Grades KG-5
Nearby Schools
7
/10
Martin Luther King Jr. Middle School
1781 Rose St
Distance between this listing and this school0.93 miles
Public District Grades 6-8
8
/10
Willard Middle School
2425 Stuart St
Distance between this listing and this school1.23 miles
Public District Grades 6-8
6
/10
Longfellow Arts and Technology Middle School
1500 Derby St
Distance between this listing and this school1.65 miles
Public District Grades 6-8
Nearby Schools
8
/10
Berkeley High School
1980 Allston Way
Distance between this listing and this school0.86 miles
Public District Grades 9-12
5
/10
Berkeley Technology Academy
2701 Martin Luther King Jr Way
Distance between this listing and this school1.37 miles
Public District Grades 10-12
10
/10
Albany High School
603 Key Route Blvd
Distance between this listing and this school2.12 miles
The neighbors living near this home have an average income of $22,500. The most common annual income of people living in Berkeley, CA is less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
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This home is located at 2480 Virginia St in Berkeley, CA and zip code 94709 in the Berkeley Hills neighborhood. This 7,142 square foot home, which was built in 1949, sits on a 0.17 acre lot. Features: 11 bedrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $4,235,000.
In November 2024 more than 31 listings in Berkeley, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below. In November 2024 in Berkeley, CA there were 22.2% less homes for sale than in October 2024. In November 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $1,405,000.
From Rocket Homes Real Estate and based on county public records data.
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 
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