$3,800,000
SOLD FEB 28, 2025

2480 Virginia St Berkeley, CA 94709

North Berkeley Neighborhood
11 Beds
-- Bath
7,142 Sq Ft
7,350 Sq Ft Lot

Recently Sold

$532 Per Sq Ft

12% Below List Price

107 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Coin Laundry
  • Berkeley Arts Magnet at Whittier School Rated A

About This Home

As of February 2025

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, there's high demand for modern accommodations with student-focused amenities.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 10/21/2024

Co-Listed By

David Brennan

CBRE License #01074776

Last Buyer's Agent

Non Member Sales

Non Multiple Participant

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Home Design

  • Fixer Upper
  • Bitumen Roof

Interior Spaces

  • 7,142 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Microwave
  • Free-Standing Freezer

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Balcony
  • 7,350 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 058-2193-001-01

Community Details

Building Details

  • 2 Leased Units
  • 6 Vacant Units

Additional Features

  • 8 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Flats
  • Property Condition: Fixer, Varies By Unit
  • Levels: Two
  • Stories: 2
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Basement: Partial, Unfinished
  • Appliances: Free Standing Freezer, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Microwave, Varies By Unit
  • Flooring: Tile, Varies By Unit, Vinyl, Wood
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 532.06
  • Square Footage: 7142.00

Exterior Features

  • Patio And Porch Features: Balcony/Deck, Varies By Unit
  • Roof: Bitumen

Garage/Parking

  • Parking Features: Carport, Covered, Off Street
  • Total Parking Spaces: 8.00
  • Covered Parking Spaces: 8.00
  • Independent Parking Spaces: 8

Utilities

  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 11800

Lot Info

  • Assessor Parcel Number: 058-2193-001-01
  • Lot Features: Other
  • Lot Size Acres: 0.1687
  • Lot Size Sq Ft: 7350.00
  • Lot Size Units: SqFt
  • Price Per Acre: 22525192.65

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Electricity, Gas
  • Units Furnished: None

Building Info

  • Number of Units Total: 8

Multi Family

  • Number Of Units Vacant: 6
  • Gross Rent Multiplier: 11.24
  • Number Of1 Bedrooms Occupied: 1
  • Number of 1 Bedroom Units: 5
  • Number Of2 Bedrooms Occupied: 1
  • Number of 2 Bedroom Units: 3
  • Number Of Units Leased: 2
  • Separate Meters: Electricity, Gas
  • Total Number Owner Occupied: 2

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2025 02/28/25 Sold $3,800,000 -10.3% $532 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
10/21/2024 10/21/24 Price Changed $4,235,000 -2.1% $593 / Sq Ft
10/21/2024 10/21/24 For Sale $4,325,000 -- $606 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Keith Manson

    Seller's Agent in 2025

    Keith Manson

    Cushman & Wakefield

    (415) 244-6300

    4 in this area

    38 Total Sales

    Keith Manson
    Section Image
  • David Brennan

    Seller Co-Listing Agent in 2025

    David Brennan

    CBRE

    (916) 446-6800

    1 in this area

    2 Total Sales

    David Brennan
    Section Image

  • N

    Buyer's Agent in 2025

    Non Member Sales

    Non Multiple Participant

See All Agents

Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424075266

San Francisco Association of REALTORS® MLS
California Alameda County Berkeley 94709 North Berkeley

2480 Virginia St, Berkeley, CA

This home is located at 2480 Virginia St, Berkeley, CA 94709 and is currently priced at $3,800,000, approximately $532 per square foot. This property was built in 1949. 2480 Virginia St is a home located in Alameda County with nearby schools including Berkeley Arts Magnet at Whittier School, Washington Elementary School, and Cragmont Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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