Berkeley, CA 94704,2520 Regent St
Berkeley, CA 94704,2520 Regent St
Berkeley, CA 94704,2520 Regent St
7
$3,100,000
$3,000,000
3.3%
Est.Price: ?

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7,324 SqFt

2520 Regent St Berkeley, CA 94704

Est. payment /mo
SOLD DATE : 12/04/2023

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Key Details

Sold Price $3,100,000

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 7,324 sqft

Price per Sqft $423

MLS Listing ID EB41038947

Sold Date 12/04/23

Originating Board Bridge MLS

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

Area Other Area

Interior

Heating Wall Furnace

Cooling None

Flooring Other

Laundry Laundry Facility - Coin-Op

Exterior

Exterior Feature Other

Garage Spaces 8.0

View Other

Building

Lot Description Grade - Level

Others

Tax ID 551-839-151

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Grant Chappell • NAI Northern California
Bought with Grant Chappell • NAI Northern California

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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