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2366 Virginia St, Berkeley, CA 94709

Sale Price: $3,000,000
Oct 19, 20244,072 sqft4 beds0 baths
Listed by: Xiuju Sun
License #: 01945799
Phone #: 626-500-7082
Compass
Source:
CRMLS Logo
MLS #: 41076991

Property Description

Great opportunity! A truly remarkable fourplex with 4 enormous flats on a huge level lot nestled in the heart of the famous Berkeley Gourmet District (Chez Panisse, Cheeseboard Collective, Original Peet's), located 2 blocks north of the UC Berkeley Campus and 4 blocks east of bustling Shattuck Ave. Each unit is approx 1,000 square feet, with separate large living room, formal dining room, big bedroom, breakfast nook, and formal entry halls. The larger-than-average units will always be in strong demand with a large, rotating pool of student renters willing to pay top-dollar to get the most from their collegiate experience. Lot is 6,250 square feet, enough space for possible ADU or additional units. It’s paradise! UC campus, BART, and a myriad of fine Berkeley cuisine are all just a stone’s throw away. With a WalkScore of 97 and BikeScore of 93. All the units will be vacant by 7/31/2025. This ideal geographic location means the new owner can command monthly rents higher than average in Berkeley’s rental market. Current occupants generate an impressive amount of cash flow (approximately $20,000 per month, all UCB students)and that number is poised to increase.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$46,539

TurboHome Estimated Value

$2,901,300

$713 sqft

High Valuation
$3,046,365
$748/sqft
Normal Valuation
$2,901,300
$713/sqft
Low Valuation
$2,756,235
$677/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$713/sqft$2,901,300

Neighborhood

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Comparative Value

$2.70M

$3.00M

2366 Virginia St, Berkeley, CA 94709

List Price: $2,699,999

Subject Property

2366 Virginia St, Berkeley, CA 94709

Sale Price: $3,000,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
2366 Virginia St, Berkeley, CA 94709

2366 Virginia St, Berkeley, CA 94709

List: $2,699,999

Listed: 10/19/2024

Area:4,072 sqft
Price/sqft:$663
Beds:4
Baths:
Year Built:
Lot Size:6,250

Comparable Properties

COMPARABLE
Choose comps
2366 Virginia St, Berkeley, CA 94709

2366 Virginia St, Berkeley, CA 94709

Sale: $3,000,000

2/7/20250.00 mi

Area:4,072 sqft
Price/sqft:$737
Beds:4
Baths:
Year Built:
Weight:100.0%

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