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(408) 425-9359
Real Estate Company
2520 Regent St, Berkeley, CA 94704
- $3,100,000
Listed by Grant Chappell, (415) 246-4314 from NAI Northern California
(If provided) CoList: from
Sold listing courtesy of Grant Chappell from OBOJMTB
- Sold Price
- $3,100,000
- List Price
- $3,000,000
- Closing Date
- Dec 04, 2023
- MLS#
- EB41038947
- Status
- SOLD
- Lot Size
- 3,930
- Listing Area
- Other Area
- Year Built
- 1968
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.
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Additional Information
- Acres
- 0.09
- Amenities
- Other
- Cooling System
- None
- Days On Market
- Unknown
- Exterior Features
- Other
- Floor Covering
- Other
- Heating System
- Wall Furnace
- Laundry Facilities
- Laundry Facility - Coin-Op
- Lot Description
- Grade - Level
- Lot Size
- 3,930
- Neighborhood
- Other Area
- Numberof Units
- 8
- Unincorporated Yn
- Yes
- View
- Other
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