NOT LISTED FOR SALE

1207 University Ave Berkeley, CA 94702

Fourth Street-Berkeley Marina Neighborhood

Estimated Value: $1,134,000 - $1,322,000

4 Beds
4 Baths
16,464 Sq Ft
$75/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $7,200,000 $437 Per Sq Ft

Current estimated payment $8,280/month

46 Days on Market

Highlights

  • 0.94 Acre Lot
  • No HOA
  • Views
  • Rosa Parks Elementary School Rated A
  • Cooling Available
  • Heating System Uses Natural Gas

About This Home

As of July 2021

The "Victory Village"; 28 Apartment Units Spread Across Seven Separate APN's; Spacious 1bd/1bth Units with 30%+ Rental Upside Upon Gradual Rent Increases, Cap Ex Passthroughs, & Buyouts; All Units Are Separately Metered For PG&E & Water, Have Fireplaces, Hardwood Floors, and the Ability to Add In Unit Washer/Dryers; 30 Uncovered Parking Spots & 20 Private Garages; Separate APN's Allow Maximum Flexibility and the Ability to Obtain 30 Yr Residential Financing at Historically Low Rates; Email Agent For Marketing Package.

Last Agent to Sell the Property

Steven Pinza

The Pinza Group, Inc License #01867691 Listed on: 03/04/2021

Last Buyer's Agent

Steven Pinza

Bay East Aor License #01867691

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $17,343

Year Built

  • Built in 1943

Lot Details

  • 0.94 Acre Lot

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Additional Features

  • Property Views

Community Details

  • No Home Owners Association
  • 16,464 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Apartment

Est. Annual Taxes

$17,343

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Year Built: 1943
  • Property Sub Type: Apt Complex
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.94
  • Directions: Google Maps
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: Other
  • Special Features: None

Interior Features

  • Flooring: Other
  • Basement: Other
  • Other Equipment: Other
  • Accessibility Features: Other
  • Interior Amenities: Other

Exterior Features

  • Lot Features: Other
  • View: Other
  • View: Yes
  • Construction Type: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other

Utilities

  • Heating: Natural Gas
  • Utilities: Other Water/Sewer
  • Cooling: Other
  • Laundry Features: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 40946
  • Parcel Number: Multiple
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2021
Closed on
Jun 28, 2021
Sold by
Smith William F and Orr Jennifer L
Bought by
Purisima Two Llc
Seller's Agent
Steven Pinza
The Pinza Group, Inc
Buyer's Agent
Steven Pinza
Bay East Aor
List Price
$7,995,000
Sold Price
$7,200,000
Premium/Discount to List
-$795,000
-9.94%
Current Estimated Value
$1,227,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,973,000
Avg. Annual Appreciation
-35.89%
Original Mortgage
$5,204,500
Outstanding Balance
$4,763,032
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$3,536,032

Purchase Details

Closed on
Jul 20, 2004
Sold by
Grubb David E and Grubb Martha C
Bought by
Grubb David E and Grubb Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2004
Sold by
Vandre David
Bought by
Orr Dell M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2000
Sold by
Chang Donna
Bought by
Smith William F and Orr Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
9.19%
Source: Public Records

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Range of Values:

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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
Purisima Two Llc $7,200,000 Chicago Title Company
Grubb David E -- Fidelity National Title Co
Orr Dell M -- Fidelity National Title
Smith William F $250,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Purisima Two Llc $5,204,500
Previous Owner Orr Dell M $287,000
Previous Owner Smith William F $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $7,200,000 -- --
07/02/2021 07/02/21 Sold $7,200,000 -9.9% $437 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $7,995,000 -- $486 / 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
2024 $17,343 $1,071,611 $321,483 $750,128
2023 $16,976 $1,050,600 $315,180 $735,420
2022 $16,659 $1,030,000 $309,000 $721,000
2021 $8,408 $348,000 $104,400 $243,600
2020 $7,795 $344,431 $103,329 $241,102
2019 $7,307 $337,678 $101,303 $236,375
2018 $7,142 $331,058 $99,317 $231,741
2017 $6,857 $324,568 $97,370 $227,198
2016 $6,516 $318,207 $95,462 $222,745
2015 $6,413 $313,428 $94,028 $219,400
2014 $6,539 $307,291 $92,187 $215,104
Source: Public Records

Agents Affiliated with this Home

  • Steven Pinza

    Seller's Agent in 2021

    Steven Pinza

    The Pinza Group, Inc

    (510) 725-4775

    2 in this area

    85 Total Sales

    Steven Pinza
    Section Image
See All Agents

Map

Source: bridgeMLS

MLS Number: 40939985

bridgeMLS

APN: 057-2083-018-06

California Alameda County Berkeley 94702 Fourth Street-Berkeley Marina

1207 University Ave, Berkeley, CA

This home is located at 1207 University Ave, Berkeley, CA 94702 since 04 March 2021 and is currently estimated at $1,227,000, approximately $74 per square foot. This property was built in 1943. 1207 University Ave is a home located in Alameda County with nearby schools including Rosa Parks Elementary School, Ruth Acty Elementary, and Berkeley Arts Magnet at Whittier School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

bridgeMLS Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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