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Berkeley Multifamily Asset Near UC

2466 Virginia St, Berkeley, CA 94709

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For Sale

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Well-maintained 18-unit multifamily property near UC Berkeley.

Type:Multifamily

Property size:

13,296 SF

Lot size:

0.14 Acres

Price / SF:

$300/SF

HighLights

Delivered 100% vacant, offering immediate income potential or redevelopment opportunities.
Located blocks from the University of California, Berkeley, ensuring high tenant demand.
Over $1 million in capital improvements since 2017, including boiler replacement, roof restoration, full window replacement, driveway reconstruction, exterior repainting, keypad access system, surveillance cameras, new electrical panels, and interior upgrades.
Well‑maintained 18‑unit multifamily asset.
Classic early twentieth‑century architectural character with a textured stucco facade, bay window detailing, and a tiled roofline.
Desirable unit mix of three studios and fifteen one‑bedroom apartments.

We can help!

Contact an agent

Eymon Binesh

For Sale

Contact for pricing

Well-maintained 18-unit multifamily property near UC Berkeley.

Type:Multifamily

Property size:

13,296 SF

Lot size:

0.14 Acres

Price / SF:

$300/SF

Added:: Mar 16, 2026
Days on Market:: 105
Last Refresh:: Mar 19 at 11:51 pm

Property Features for 2466 Virginia St

General Information

Standard status: Active
Size: 13,296 SF
Lot size: 0.14 Acres
Property subtype: Multifamily

Building Details

Year Built: 1929

We can help!

Contact an agent

Eymon Binesh

Listing office Marcus & Millichap - Palo Alto

Listing date Mar 16, 2026

Source Crexi

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 Marcus & Millichap - Palo Alto

HighLights

Delivered 100% vacant, offering immediate income potential or redevelopment opportunities.
Located blocks from the University of California, Berkeley, ensuring high tenant demand.
Over $1 million in capital improvements since 2017, including boiler replacement, roof restoration, full window replacement, driveway reconstruction, exterior repainting, keypad access system, surveillance cameras, new electrical panels, and interior upgrades.
Well‑maintained 18‑unit multifamily asset.
Classic early twentieth‑century architectural character with a textured stucco facade, bay window detailing, and a tiled roofline.
Desirable unit mix of three studios and fifteen one‑bedroom apartments.

Overview

This is an 18-unit multifamily asset located blocks from the University of California, Berkeley. Constructed in 1929, the three-story building has approximately 13,296 square feet of space and is situated on a 6,250 square foot lot. The property features early twentieth-century architectural character, including a textured stucco facade, bay window detailing, and a tiled roofline. The unit mix consists of three studios and fifteen one-bedroom units. Since 2017, the property has undergone over one million dollars in capital improvements, including boiler replacement, roof restoration, full window replacement, driveway reconstruction, exterior repainting, installation of a keypad access system, surveillance cameras, new electrical panels, and new plumbing upgrades. Various interior upgrades such as new flooring and paint have also been completed.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$505.8k	$38.04
− Vacancy	−$25.3k	−$1.90
EGI	$480.5k	$36.14
− OpEx	−$216.2k	−$16.26
NOI	$264.3k	$19.88

13,296 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$3.78M

$3.30M – $4.40M (±1% cap)

NOI $264,270 @ 7.0% cap · market cap 6.61%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$5.14M

$4.50M – $6.00M (±1% cap)

NOI $359,949 @ 7.0% cap · market cap 9.00%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Berkeley
County: Alameda
State: California
Longitude: -122.2613382
Latitude: 37.8774446

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For sale
Apartment buildings
CA
Berkeley
94709
2466 Virginia St

What type of property is this?

Apartment building - Well-maintained 18-unit multifamily property near UC Berkeley.

Where is this apartment building located?

The property is located at 2466 Virginia St Berkeley, CA.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: Delivered 100% vacant, offering immediate income potential or redevelopment opportunities.; Located blocks from the University of California, Berkeley, ensuring high tenant demand.; Over $1 million in capital improvements since 2017, including boiler replacement, roof restoration, full window replacement, driveway reconstruction, exterior repainting, keypad access system, surveillance cameras, new electrical panels, and interior upgrades.