SOLD 12/04/2023
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Commercial sold for $3,100,000 in 83 days
2520 Regent St Berkeley, CA, 94704
Off the market Lowrise (1-3 Flrs)
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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Property details
7,324 sqft interior area
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Other
Land area
3,930 sqft (0.09 acres)
Address
2520 Regent St, Berkeley, CA, 94704
City of California
Berkeley
County
Alameda
Previous price
$3,000,000
Year Built
1968
District
Listing
Nearby major retailers
Costco
7-Eleven
MetroPCS
Public Storage
Chevron
Whole Foods Market
Trader Joe's
Pet Food Express
Marshalls
Petco
Apple Store
Ross
Verizon Wireless
Supercuts
AT&T
Safeway
O'Reilly Auto Parts
T-Mobile
See's Candies
GNC
CVS Pharmacy
Rite Aid
AutoZone
Chevron Food Mart
Shell
Dollar Tree
Amazon 4-star
Pet food express
Nordstrom
GameStop
The Home Depot
Toyota
O'Reilly auto parts
Wholesale: 1
Convenience: 15
Mobile phone: 17
Storage rental: 2
Supermarket: 13
Pet: 7
Department store: 5
Electronics: 2
Hairdresser: 3
Car parts: 3
Confectionery: 2
Nutrition supplements: 2
Chemist: 3
Variety store: 1
Video games: 1
Do it yourself: 1
Car repair: 1
Car: 1
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Interior Features
Other floors
Floor Covering
Other
Garage & Parking
Security Garage
Other rooms
Other
Amenities
Other
Basement
None
Listed by
Grant Chappell, NAI Northern California
Name
Grant Chappell
License number
01700439
Brokerage company
NAI Northern California
MLS #
41038947
Buyer agent
Name
Grant Chappell
Brokerage company
NAI Northern California
Payment calculator
Calculate your monthly payments
Mortgage
$9,518
Taxes
$0
HOA dues
$0
Mortgage
$620,000 / 20%
2.28%
30 years
Your amount
$9,518 / month
Exterior Features
Other construction
Construction
Other
Lot details
TMK #551839151
Lot Description
Level
Parcel nr.
551839151
94704 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94704
39%
Families with children
National average: 39%
50%
Non family households
251,930
Population
$139,854
Average Income
Age & gender
Median age 39 years
More info
Commute types
50% commute by car
More info
Education level
34% have bachelor education
More info
Number of employees
3% work in management
More info
Vehicles available
45% have 1 vehicle
More info
Vehicles by gender
45% have 1 vehicle
More info
Housing market insights for
$1.42m
Neighborhood average
sales price*
sales price*
$1.29m
Neighborhood median
sales price*
sales price*
529
Number
of sales*
of sales*
Housing type
42% are single detacheds
More info
Rooms
31% of the houses have 4 or 5 rooms
More info
Bedrooms
52% have 2 or 3 bedrooms
More info
Owners vs Renters
50% are renters
More info
14.67 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Green energy efficient
Efficient
Other
Price history
Sold Dec 4, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 4, 2023 | Sold | $3,100,000 | 0 | Public Record |
| Dec 4, 2023 | Price Increase | $3,100,000 +3.33% | 0 | MLS #41038947 |
| Oct 2, 2023 | Pending | $3,000,000 | 0 | MLS #41038947 |
| Sep 13, 2023 | New Listing | $3,000,000 | 0 | MLS #41038947 |
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Frequently Asked Questions about 2520 Regent St
What is 2520 Regent St?
2520 Regent St is a Commercial/Industrial propertywith 7,324 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
2520 Regent St, Berkeley, CA, 94704.
What comparable properties are nearby?
Comparable nearby commercial properties include 3028 Colby St, 1526 Arch St, 2575 San Pablo Ave, 2101 San Pablo, 2435 9th St, 2827 7th St.
Based on information from the bridgeMLS as of 05-03-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Dec 04, 2023
Verhouse Last checked 2 minutes ago
The closest grocery stores are Shattuck Market, 0.5 miles away and Whole Foods Market, 0.64 miles away.
The 94704 zip area has a population of 251,930, and 39% of the families have children. The median age is 39.21 years and 50% commute by car. The most popular housing type is "single detached" and 50% is renter.
