Christopher Danesi at RE/MAX Accord
East Bay Condo ManiaSOLD! MLS: 41038947 $3,100,000
Bedrooms with Baths2520 REGENT ST
BERKELEY CA 94704MLS: 41038947
Status: SOLD
Closed On: 2023-12-04
Sold Price: $3,100,000
Sold Price per SqFt: $423
Square Footage: 7324Bedrooms
Baths
Year Built: 1968
Zip Code: 94704
Listing Remarks
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.
Address: 2520 REGENT ST BERKELEY CA 94704
Listing Courtesy of GRANT CHAPPELL of NAI NORTHERN CALIFORNIA
Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
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Listing Details
STATUS: Closed SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2023-09-13 CLOSE DATE: 2023-12-04 LIVING AREA SQ FT: 7324 YEAR BUILT: 1968 CONSTRUCTION: Other FLOORING: Other HEATING: Wall Furnace COOLING: None INTERIOR FEATURES: Other LAUNDRY FEATURES: Coin Operated LOT FEATURES: Level PARKING FEATURES: Security Garage PROPERTY TYPE: Commercial Sale PROPERTY SUB TYPE: Lowrise (1-3 Flrs) ROOF: Bitumen VIEW: Other LISTING AGENT: GRANT CHAPPELL LISTING OFFICE: NAI NORTHERN CALIFORNIA
Property Location: 2520 REGENT ST BERKELEY CA 94704
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Last Updated: 2024-04-28