Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2477 Virginia St Berkeley, CA 94709

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $8,000,000

    24-unit multifamily property in prime North Berkeley location.

    Lot size:
    0.29 Acres

    Property Features for 2477 Virginia St

    General Information

    Lot size
    0.29 Acres

    Building Details

    Year built
    1964

    Source: Matthews Real Estate Investment Services Inc. Agent Ryland Montes De Oca

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Berkeley Multifamily Investment Opportunity

    Located in the heart of Berkeley's Northside neighborhood, this 24-unit multifamily property presents an investment opportunity. Constructed in 1964, the building encompasses 25,644 square feet and is situated on a 0.29-acre lot. The property includes 25 secure parking spaces. The average unit size is 1,068 square feet. Current average rents are approximately 20-25% below market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2613563
    Latitude
    37.8779592

    Nearby Similar for Sale

    • $4,700,000
      7,167 SF

      Berkeley Multifamily and Retail Investment

      Eleven-unit property with apartments and commercial spaces in Berkeley.
      1444 Walnut St, Berkeley, CA 94709
      View Details
    • $1,938,000
      3,618 SF

      Berkeley Quadruplex with ADU

      Four units, including permitted ADU, near Berkeley shops and transit.
      1522 Harmon St, Berkeley, CA 94703
      View Details
    • $749,000
      Pending

      Berkeley Commercial Building For Sale

      Commercial building near Ashby BART with office use permit.
      3048 Shattuck Ave, Berkeley, CA 94705
      View Details
    • $1,980,000
      Pending

      Berkeley Duplex in Gourmet Ghetto

      Duplex in Berkeley's Gourmet Ghetto, steps from renowned amenities.
      1512 Walnut St, Berkeley, CA 94709
      View Details
    • $1,165,000
      2,359 SF

      Berkeley Duplex: Renovation Opportunity

      Duplex in Berkeley, CA, with renovation potential and tenant.
      2057 Emerson St, Berkeley, CA 94703
      View Details
    • New
      $1,285,000
      3,936 SF

      Berkeley Multifamily Residential Income Property

      Multifamily property in Berkeley, California, with over five units.
      1645 62Nd St, Berkeley, CA 94703
      View Details

    FAQs

    What type of property is this?
    Apartment building - 24-unit multifamily property in prime North Berkeley location.
    Where is this apartment building located?
    The property is located at 2477 Virginia St Berkeley, CA.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: - Prime North Berkeley Location in the highly sought-after Northside neighborhood.; - Seller Financing Available at 4.50% (Short Term or Long Term).; - Value-Add Opportunity: Current average rents are 20-25% below market.
    (707) 933-6166
    Request Owner's contact information
    2477 Virginia St Berkeley, CA 94709
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2477 Virginia St
    Berkeley, CA 94709
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2477 Virginia St Berkeley, CA 94709
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.