$3,100,000
$3,000,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Grant Chappell • NAI Northern California
GET MORE INFORMATION
- Irvine, CA Homes For Sale
- Huntington Beach, CA Homes For Sale
- Anaheim, CA Homes For Sale
- Santa Ana, CA Homes For Sale
- Mission Viejo, CA Homes For Sale
- Laguna Beach, CA Homes For Sale
- Newport Beach, CA Homes For Sale
- San Clemente, CA Homes For Sale
- Orange, CA Homes For Sale
- Fullerton, CA Homes For Sale
- Lake Forest, CA Homes For Sale
- Laguna Niguel, CA Homes For Sale
- Costa Mesa, CA Homes For Sale
- Garden Grove, CA Homes For Sale
- Seal Beach, CA Homes For Sale
- Dana Point, CA Homes For Sale
- Corona Del Mar, CA Homes For Sale
- Westminster, CA Homes For Sale
- San Juan Capistrano, CA Homes For Sale
- Tustin, CA Homes For Sale
- Newport Coast, CA Homes For Sale
- North Tustin, CA Homes For Sale
- Laguna Hills, CA Homes For Sale
- Monarch Beach, CA Homes For Sale
- Ranch Mission Viejo, CA Homes For Sale
- Ladera Ranch, CA Homes For Sale
- Aliso Viejo, CA Homes For Sale
- Villa Park, CA Homes For Sale
- Los Alamitos, CA Homes For Sale
- Rossmoor, CA Homes For Sale