NOT LISTED FOR SALE

Estimated Value: $896,000 - $1,158,000

3 Beds
3 Baths
2,040 Sq Ft
$518/Sq Ft Est. Value

Last Sold May 29, 2024

Last sale price $725,000 $355 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,330/month

Highlights

  • Wood Flooring
  • Corner Lot
  • Fenced
  • Ruth Acty Elementary Rated A
  • No HOA
  • 4-minute walk to UC Village Little League Ballfields

About This Home

As of May 2024

For both investors and those looking to occupy one unit while renting out the others, this triplex presents an attractive investment opportunity with its upside potential for strong positive cashflow in the highly desirable Westbrae neighborhood of Berkeley. Three side by side 1bd/1ba units each with a private courtyard in front and bonus space on both sides. Double wide driveway for 2 off-street parking spots. Held long-term by one family for generations, the building has impressive potential to be a lucrative investment with a projected gross annual income of approximately $85,000 based on current fair market rent yielding a Cap Rate of 7.3%. Unit 1119 will be delivered vacant allowing the option of owner-occupant financing; Units 1117 & 1115 are occupied by long-term tenants.

Last Agent to Sell the Property

Mikayla Weissman

Compass License #02023006 Listed on: 05/28/2024

Compass

Co-Listed By

Jeff Weissman

Compass License #01882272

Last Buyer's Agent

John Vander Meulen

Re/max Accord License #00842213

Re/max Accord

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,025

Year Built

  • Built in 1946

Lot Details

  • 5,110 Sq Ft Lot
  • Fenced
  • Corner Lot

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Stucco

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Wall Furnace

Community Details

  • No Home Owners Association
  • 2,040 Sq Ft Building
  • Bridge Aor Association

Listing and Financial Details

  • Assessor Parcel Number 60241042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,025

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Year Built: 1946
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Co List Office Mls Id: OBAVE8
  • Directions: Between San Pablo and Kains
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Linoleum, Carpet
  • Basement: None
  • Appliances: Dryer, Washer
  • Total Bedrooms: 3

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • Construction Type: Stucco
  • Exterior Features: Side Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Heating: Wall Furnace
  • Cooling: No Air Conditioning
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5110
  • Parcel Number: 60241042
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2024
Sold by
Molnar Zita
Bought by
Eightythree Mcallister Llc
Current Estimated Value
$1,056,333

Purchase Details

Listed on
May 28, 2024
Closed on
May 21, 2024
Sold by
Alan J Westcott Revocable Trust and Westcott Ian
Bought by
Molnar Zita
Seller's Agent
Mikayla Weissman
Compass
Buyer's Agent
John Vander Meulen
Re/max Accord
List Price
$699,000
Sold Price
$725,000
Premium/Discount to List
$26,000
3.72%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.14%
Original Mortgage
$543,750
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2013
Sold by
Westcott Alan J and The Alan J Westcott Revocable
Bought by
Westcott Alan J and The Alan J Westcott Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2008
Sold by
Westcott Alan J
Bought by
Westcott Alan J and Alan J Westcott Revocable Trus

Purchase Details

Closed on
Apr 30, 1997
Sold by
Pan Guosheng and Pan Jenny
Bought by
Westcott Alan J and Fair Westcott Rexie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.98%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Eightythree Mcallister Llc -- None Listed On Document
Molnar Zita $725,000 Chicago Title
Westcott Alan J -- First American Title Company
Westcott Alan J -- None Available
Westcott Alan J $178,181 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Molnar Zita $543,750
Previous Owner Westcott Alan J $349,000
Previous Owner Westcott Alan J $26,000
Previous Owner Westcott Alan J $354,000
Previous Owner Westcott Alan J $350,000
Previous Owner Westcott Alan J $145,000
Previous Owner Westcott Alan J $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $725,000 -- --
05/29/2024 05/29/24 Sold $725,000 +3.7% $355 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $699,000 -- $343 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,025 $739,500 $295,800 $443,700
2024 $19,025 $1,254,600 $376,380 $878,220
2023 $7,114 $281,607 $84,529 $197,078
2022 $6,915 $269,086 $82,872 $193,214
2021 $6,879 $263,673 $81,247 $189,426
2020 $6,358 $267,899 $80,414 $187,485
2019 $5,936 $262,648 $78,838 $183,810
2018 $5,794 $257,498 $77,292 $180,206
2017 $5,556 $252,451 $75,777 $176,674
2016 $5,261 $247,502 $74,292 $173,210
2015 $5,173 $243,785 $73,176 $170,609
2014 $5,219 $239,011 $71,743 $167,268
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41061300

bridgeMLS

APN: 060-2410-004-02