2377 Virginia Street

Berkeley, CA 94709

$2,599,000
Price
Beds
3,690 Sq. Ft.
$704 / Sq. Ft.
3,690
Sq. Ft.
$704
per Sq. Ft.

Description

2377 Virginia Street in Berkeley is a rare opportunity for investors looking for a charming 7-unit building in a prime location. The building is located in the desirable Northside neighborhood, just 2 blocks to the most prestigious university, the University of California, Berkeley. The building is situated on a quiet tree-lined street and offers (5) 1 bedroom units and (2) studios many of which have exposed wood giving an extraordinary living experience to tenants. The building comprises a 4-unit...2377 Virginia Street in Berkeley is a rare opportunity for investors looking for a charming 7-unit building in a prime location. The building is located in the desirable Northside neighborhood, just 2 blocks to the most prestigious university, the University of California, Berkeley. The building is situated on a quiet tree-lined street and offers (5) 1 bedroom units and (2) studios many of which have exposed wood giving an extraordinary living experience to tenants. The building comprises a 4-unit in the front and a triplex in the back, 3 tandem off-street parking spaces and unlimited storage options (all delivered vacant). Additionally, the building offers 2 units delivered vacant, one of them being a 1 bed 1 bath owners unit. This unit is a unique and beautiful unit with skylights and handcrafted woodwork in the unit, and has 2 large spacious decks perfect for entertaining. There is an opportunity to create a laundry room under the owners unit as it has plumbing retrofitted for the washer and dryer. The property offers strong in-place cash flow of $15,270 est per month (when 100% occupied) and for extra income there are 7 storage spaces and 3 off street parking spaces all delivered vacant at close of escrow.
  1. Listed by Jatin Mehta • DRE #02045713 • Pellego

Property Details for 2377 Virginia Street

City
BERKELEY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Tandem Parking
Park Spaces Total
3
Total # Parking Spaces
3

Open Houses

Sunday, Apr 28th

12:00 PM - 1:00 PM

PublicView Details

Location

Listing Courtesy of Pellego, Jatin Mehta, DRE #02045713
Add your commute
LISTING UPDATED: 01/22/2024 12:17 AM

Property Details for 2377 Virginia Street

StatusActive
MLS #41047549
Days on Compass105
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1929
Lot Size0.14 AC / 6,250 SF
CountyAlameda County

Location

Listing Courtesy of Pellego, Jatin Mehta, DRE #02045713
Add your commute

Building Information for 2377 Virginia Street

Stories-Residences7Year Built1929Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$15,390 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,184

Property Taxes

$1,206

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2377 Virginia Street

Features
Feature Details
  • Flooring: Wood
Room Details
  • Additional Rooms: Basement - Storage Area
Utility Details
  • Cooling: None
  • Heating: Gas
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Garden / Greenbelt / Trails
Property Details
  • Additional Equipment: Carbon Mon Detector, Smoke Detector, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Wood
  • Lot Description: Regular, Garden, Paved
  • Lot Sq Ft Apx: 6250
  • Lot Size Square Feet: 6250.0
  • Roof: Flat
  • Sq Ft Apx: 3690
  • Yard Description: Garden
  • Year Built: 1929
  • Acres: 0.14
Location Details
  • Directions to Property: Google Maps
  • FIPS Code: 06001
  • Census Tract: 94709
  • Parcel Number: 058 218701300
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 7
  • Basement: Storage Area
  • Parking Description: Tandem Parking
  • Existing Lease Terms: Month to Month, Year Lease
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio, Extra Storage, Garden, Greenbelt, Wired For Cable TV
  • ADDTL MISC FEATURES: Balcony/Patio, Cable TV, Wired For, Extra Storage, Garden, Greenbelt
  • Apx Lot Acres: 0
  • On Site Parking Description: Tandem Parking
Other Financial Information
  • Existing Loan: Fixed
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 2377 Virginia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2377 Virginia Street

Taxable ValueLand$214,050Additions$428,914Total$642,964
Tax Record2023$14,476 ($1,206 / month)
Home Facts
Total Finished SqFt3,876 SqFtAbove Grade Finished SqFt3,876 SqFtStories2Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1929CountyALAMEDAAPN58-2187-13

Schools near 2377 Virginia Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Oxford Elementary School
PublicK to 5

Washington Elementary School
PublicK to 5

Cragmont Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2377 Virginia Street is a multi-family home for sale in Berkeley, CA 94709. This property was listed for sale on January 15, 2024 by Pellego, it's currently listed at $2,599,000. It has been on the market for a total of 105 days and was last sold on January 24, 2011. This listing's school district is Berkeley Unified School District. Nearby schools include Oxford Elementary School, Washington Elementary School and Cragmont Elementary School. 2377 Virginia Street is a 0-bed, 0-bath, 3,690 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pellego, Jatin Mehta, DRE #02045713

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.