Two-Unit Duplex with
For Sale
$2,490,000
2378 Virginia St, Berkeley, CA 94709
Each residence includes five bedrooms and two bathrooms, with both units delivered vacant.
Property Size3,330 SF
Price / SF$553.33
Days on Market10
Property Features for 2378 Virginia St
General Information
Standard status
Active
Size
3,330 SF
Total Parking Spaces
3
Property subtype
Duplex
Building Details
Building Size
3,330 SF
Year Built
1928
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
(626) 500-7082
Listed By:
Xiuju Sun
(626) 500-7082
Source:
Annnewtoncane
Added: Jul 25
Changed: Aug 3
Last Checked: Aug 3 at 7:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Built in 1928, this duplex contains two substantial residences, each configured with five bedrooms and two bathrooms. The property offers approximately 4,500 square feet overall, along with three off-street parking spaces. Both units are scheduled for delivery vacant, allowing the next owner to determine the occupancy arrangement.
The property is positioned on Virginia St in Berkeley, near the University of California, Berkeley, downtown Berkeley BART, North Shattuck Corridor shops and eateries, restaurants, performing arts theaters, and music venues. Its two-unit layout supports a range of residential strategies, including occupying one residence while leasing the other or accommodating multigenerational living.
The property is positioned on Virginia St in Berkeley, near the University of California, Berkeley, downtown Berkeley BART, North Shattuck Corridor shops and eateries, restaurants, performing arts theaters, and music venues. Its two-unit layout supports a range of residential strategies, including occupying one residence while leasing the other or accommodating multigenerational living.
Key Highlights
- Two residences, each with 5 bedrooms and 2 bathrooms
- Approximately 4,500 square feet across the duplex
- Both units delivered vacant
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.9k | $34.20 |
| − Vacancy | −$8.0k | −$1.78 |
| EGI | $145.9k | $32.42 |
| − OpEx | −$43.8k | −$9.73 |
| NOI | $102.1k | $22.70 |
4,500 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.70M
NOI $102,128 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,442 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,824 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 94709, CA
12,514
Population
6,139
Households
2
Avg Household Size
29
Median Age
80%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
17,877
Density / Sq Mi
$95,223
Median Household Income
$42,958
Median Earnings
$1,988
Median Rent
$1,240,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes five bedrooms and two bathrooms, with both units delivered vacant.
Where is this duplex located?
The property is located at 2378 Virginia St Berkeley, CA.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Two residences, each with 5 bedrooms and 2 bathrooms; Approximately 4,500 square feet across the duplex; Both units delivered vacant
