2477 Virginia ST, Berkeley, CA 94709
24-unit multifamily property near UC Berkeley with rental upside.
- Added:
- Mar 13, 2026
- Days on Market:
- 110
- Last Refresh:
- Mar 16 at 10:57 am
Property Features for 2477 Virginia ST
General Information
- Standard status
- Active
- Size
- 19,491 SF
- Lot size
- 0.29 Acres
Building Details
- Year Built
- 1964
Listing office MATTHEWS REAL ESTATE INVESTMENT SERVICES INC. (866) 889-0550
Listing date Mar 13, 2026
Source Corcoran
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 MATTHEWS REAL ESTATE INVESTMENT SERVICES INC.
HighLights
- Strong in‑place income with 20‑25% rental upside.
- Located minutes from the University of California, Berkeley and the Gourmet Ghetto.
- Walk Score of 90 indicating a highly walkable location.
- Seller financing available at 4.50%.
- 25 secure parking spaces.
- Mix of unit types: (7) studios, (11) one‑bedroom/one‑bath, and (6) two‑bedroom/two‑bath units.
Overview
Local Financial Insights For Apartment 5plus
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 | $741.4k | $38.04 |
| − Vacancy | −$37.1k | −$1.90 |
| EGI | $704.4k | $36.14 |
| − OpEx | −$317.0k | −$16.26 |
| NOI | $387.4k | $19.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.2613563
- Latitude
- 37.8779592