2520 Milvia St
Berkeley, CA 94704
For Sale
$1,450,000
Office or student housing, 9 rooms through two units
2520 Milvia has been substantially renovated over the past several years, and the work was broad enough that the building suits more than one use. The dorm style layout leases into a campus market where 45,882 students compete for housing and the university houses only 24 percent of them, and the same floor plan reads as medical or professional office with generous common area. Every room is vacant, so the next owner sets the use, a secured surface lot sits behind the building and a basement carries storage space below.
Investment Highlights
- 0.7 mi to UC Berkeley, a 7 minute bike ride or 9 minutes by bus
- 4 rooms and the kitchen down, 5 rooms up, a full bath on each floor
- R-4 Multi-Family zoning on a 5,160 SF lot, built 1940, two stories
- 0.5 mi to Downtown Berkeley BART, 93 Walk Score, 94 Bike Score
Year Built
1940
Number of Units
2
Price/Unit
$725,000
Square Feet
2,339
Cost/Sq. Foot
$620
CAP
N/A
GRM
N/A
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