7-Units | Berkeley

Northside neighborhood in Berkeley is a prime location for multifamily investors, thanks to its proximity to the University of California, Berkeley (UC Berkeley) and its high demand for rental housing. The neighborhood is located just north of the UC Berkeley campus and is home to a large population of students, faculty, and staff. As a result, there is a strong demand for rental housing in the area, making it an attractive investment opportunity. The Northside neighborhood is known for its charming Victorian homes, many of which have been converted into multi-unit properties. This area has a mix of older and newer buildings, which offer a variety of investment options for multifamily investors. Additionally, the close proximity to UC Berkeley and the many cultural, recreational, and educational opportunities it provides make this area a highly desirable location for renters. The Northside neighborhood is also home to a variety of shops, restaurants, and cafes, as well as several parks and playgrounds. The nearby North Berkeley BART station provides easy access to the rest of the Bay Area. This location offers the renters convenience and a high standard of living, which is a strong selling point for multifamily investors. The area's strong demand for rental housing and its proximity to UC Berkeley and its many amenities make the Northside neighborhood an excellent investment opportunity for multifamily investors. Scores Walk Score - 91 Transit Score - 66 Bike Score - 732377 Virginia Street in Berkeley is a rare opportunity for investors looking for a charming 7-unit building in a prime location. The building is located in the desirable Northside neighborhood, just 2 blocks to the most prestigious university, the University of California, Berkeley. The building is situated on a quiet tree-lined street and offers (5) 1 bedroom units and (2) studios many of which have exposed wood giving an extraordinary living experience to tenants. The building comprises a 4-unit in the front and a triplex in the back, 3 tandem off-street parking spaces and unlimited storage options (all delivered vacant). Additionally, the building offers 2 units delivered vacant, one of them being a 1 bed 1 bath owners unit. This unit is a unique and beautiful unit with skylights and handcrafted woodwork in the unit, and has 2 large spacious decks perfect for entertaining. There is an opportunity to create a laundry room under the owners unit as it has plumbing retrofitted for the washer and dryer. The property offers strong in-place cash flow of $14,970 est per month (when 100% occupied) and for extra income there are 7 storage spaces and 3 off street parking spaces all delivered vacant at close of escrow. This property is an attractive investment opportunity for investors looking to own a multifamily property in the sought-after Northside neighborhood just a few steps from CAL.