Berkeley, CA 94704,2520 Regent St
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Berkeley, CA 94704,2520 Regent St
Berkeley, CA 94704,2520 Regent St
Berkeley, CA 94704,2520 Regent St
Berkeley, CA 94704,2520 Regent St

$3,100,000

Est. payment /mo

$3,000,000

3.3%
Est.Price: ?

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2520 Regent St Berkeley, CA 94704

3,920 Sqft Lot

SOLD DATE : 12/04/2023

Key Details

Sold Price $3,100,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41038947

Sold Date 12/04/23

HOA Y/N No

Year Built 1968

Lot Size 3,920 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

Fireplace No

Exterior

Total Parking Spaces 8

Building

Lot Description Street Level

Others

Tax ID 551839151

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Grant Chappell • NAI Northern California
Bought with Grant Chappell • NAI Northern California

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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