Bought with Grant Chappell • NAI Northern California
$3,100,000
$3,000,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
2520 Regent St Berkeley, CA 94704
7,324 SqFt
Key Details
Sold Price $3,100,000
Property Type Commercial
Sub Type Lowrise (1-3 Flrs)
Listing Status Sold
Purchase Type For Sale
Square Footage 7,324 sqft
Price per Sqft $423
MLS Listing ID 41038947
Sold Date 12/04/23
HOA Y/N No
Originating Board Bridge AOR
Year Built 1968
Lot Size 3,930 Sqft
Property Description
New to market, 2520 Regent Street, an ideally-located, 8-unit student housing asset, located 0.3 miles from the center of campus. The three-story building sits on ~3,930 SF of land with R-3 Zoning and consists of five (5) 1bd/1ba units; one (1) 2bd/1ba unit; and two (2) 2bd/2ba units. Due to location and property management, the building boasts an excellent tenant profile, all having moved in within the last three years, allowing a value-add investor or developer to be confident in the ability to work on parts or all of the building as tenants will likely turn over in the spring. The property offers two compelling but not mutually exclusive options of either capturing future rent growth due to the location and expanding student population next to a top-rated university or explore development options. 2520 Regent is steps off of the corner of the infamous Telegraph Avenue, a main thoroughfare for students with a rich Berkeley history, and Dwight. The subject property is 0.3 miles or just over four (4) short blocks from the center of campus and a 1.0 mile from Target and the Downtown BART, allowing students to cover most of their needs without a car.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Other
Fireplace No
Laundry Coin Operated
Exterior
View Other
Handicap Access Other
Parking Type Security Garage
Building
Lot Description Level
Water Water District
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