NOT LISTED FOR SALE

1226 Russell St Berkeley, CA 94702

West Berkeley Neighborhood

Estimated Value: $1,041,551 - $1,337,000

5 Beds
3 Baths
1,850 Sq Ft
$654/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $1,178,000 $637 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,736/month

43 Days on Market

Highlights

  • Wall Furnace
  • Malcolm X Elementary School Rated A
  • 3-minute walk to San Pablo Park

About This Home

As of April 2022

Wonderful triplex in highly desirable South Berkeley neighborhood. One block from the ever-evolving San Pablo Park. Close to public transportation, freeways, Berkeley Bowl etc. Upper unit has 3 bedrooms 1 bath, with FP in living room and oak floors, rental income: 2850.71/month. Street level 2 units - one is an updated studio unit with dual pane windows the other is a 1 bed 1 bath unit with a living room, rental income: 1597.4/month. All units have own washer and dryer. Nicely sized, shared outdoor patio area with storage sheds, rental income: 1735.7/month. Off street parking. 3 years new roof, well maintained. Owner fixed the leaking shown on inspection report and replaced new tankless water heater. All units are tenant occupied. All stable, good tenants. Please do not disturb without an appointment with listing agent.

Last Agent to Sell the Property

Xu Ding

BQ Realty License #02025032 Listed on: 02/25/2022

BQ Realty

Co-Listed By

Lei Wu

BQ Realty License #02075546

Last Buyer's Agent

Lili Falsken

BCRE License #02019291

Property Details

Home Type

  • Multi-Family

Year Built

  • 1918

Lot Details

  • 3,040

Home Design

  • Triplex
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,850 Sq Ft Home
  • 2-Story Property

Parking

  • 3 Parking Spaces
  • Covered Parking
  • On-Street Parking

Additional Features

  • 3,040 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $73,000

Community Details

Overview

Building Details

  • 3 Leased Units
  • Maintenance Expense $4,000
  • Operating Expense $4,000
  • Gross Income $73,000

Property Details

Home Type

Multi-Family

Year Built

1918

Lot Details

3,040 Sq Ft Lot

Listing Details

  • Zoning: triplex
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1850
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1918

Interior Features

  • Living Sq Ft: 1850
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Common Parking Area, On Street, Parking Area

Utilities

  • Heating System: Electric, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0698
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3040.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3040.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 16.03
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Maintenance: 4000
  • Expenses Total: 4000
  • Income Annual Gross: 73000.00
  • Income Annual Rental: 73000
  • Income Gross Scheduled: 73000
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2022
Closed on
Apr 21, 2022
Sold by
Lehong Hu
Bought by
Izonia Ventures Llc
Seller's Agent
Xu Ding
BQ Realty
Buyer's Agent
Lili Falsken
BCRE
List Price
$1,229,990
Sold Price
$1,178,000
Premium/Discount to List
-$51,990
-4.23%
Current Estimated Value
$1,210,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,638
Avg. Annual Appreciation
0.72%

Purchase Details

Closed on
Oct 11, 2019
Sold by
Xu Yu and Hu Lehong
Bought by
Hu Lehong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2018
Sold by
Xu Yu
Bought by
Hu Lehong

Purchase Details

Closed on
Nov 21, 2017
Sold by
Brother & West Llc
Bought by
Xu Yu and Hu Lehong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2011
Sold by
Wells Fargo Bank Na
Bought by
Brother & West Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,600
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 16, 2010
Sold by
Pak Tae Chun
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 22, 2006
Sold by
Pak Hyun J
Bought by
Pak Tae Chun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2005
Sold by
Pak Hyun J
Bought by
Pak Tae Chun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 9, 2003
Sold by
Forman Michael L
Bought by
Forman Michael L and Forman Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2003
Sold by
Forman Michael L and Forman Trust
Bought by
Forman Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 1998
Sold by
Forman Michael L
Bought by
Forman Michael L and Forman Trust

Purchase Details

Closed on
Sep 30, 1996
Sold by
Mathis James Toney Estate and John
Bought by
Forman Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
7.95%

Purchase Details

Closed on
Aug 2, 1996
Sold by
Mathis Nadine and Mathis Dent Nadine
Bought by
Mathis James Tony and Mathis John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
7.95%

Purchase Details

Closed on
Mar 8, 1994
Sold by
Mathis James T
Bought by
Mathis John and Sanders Bob
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Izonia Ventures Llc $1,178,000 First American Title
Hu Lehong -- First American Title Ins Co
Hu Lehong -- None Available
Xu Yu $940,000 Chicago Title Company
Brother & West Llc $321,000 Landsafe Title
Wells Fargo Bank Na $344,700 Landsafe Title
Pak Tae Chun -- Fidelity National Title Co
Pak Tae Chun -- Placer Title Company
Pak Tae Chun $730,000 Placer Title Company
Forman Michael L -- Old Republic Title Company
Forman Michael L -- Old Republic Title Company
Forman Michael L -- --
Forman Michael L $152,500 Old Republic Title Company
Mathis James Tony $76,500 --
Mathis John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hu Lehong $687,000
Previous Owner Xu Yu $705,000
Previous Owner Brother & West Llc $192,600
Previous Owner Pak Tae Chun $595,000
Previous Owner Pak Tae Chun $584,000
Previous Owner Pak Tae Chun $146,000
Previous Owner Forman Michael L $350,000
Previous Owner Forman Michael L $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2022 04/25/22 Sold $1,178,000 +0.7% $637 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
03/26/2022 03/26/22 Price Changed $1,170,000 -4.9% $632 / Sq Ft
03/26/2022 03/26/22 For Sale $1,229,990 +4.4% $665 / Sq Ft
03/11/2022 03/11/22 Off Market $1,178,000 -- --
02/25/2022 02/25/22 For Sale $1,229,990 -- $665 / Sq Ft
Source: MLSListings

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 $17,991 $1,250,093 $375,028 $875,065
2024 $17,991 $1,225,590 $367,677 $857,913
2023 $17,632 $1,201,560 $360,468 $841,092
2022 $15,277 $1,007,857 $455,680 $552,177
2021 $15,320 $988,099 $446,747 $541,352
2020 $14,544 $977,976 $442,170 $535,806
2019 $14,020 $958,800 $433,500 $525,300
2018 $13,797 $940,000 $425,000 $515,000
2017 $6,437 $354,348 $106,304 $248,044
2016 $6,163 $347,401 $104,220 $243,181
2015 $6,073 $342,185 $102,655 $239,530
2014 $6,184 $335,483 $100,645 $234,838
Source: Public Records

Agents Affiliated with this Home

  • Xu Ding

    Seller's Agent in 2022

    Xu Ding

    BQ Realty

    (716) 308-3406

    2 in this area

    5 Total Sales

    Xu Ding
    Section Image

  • L

    Seller Co-Listing Agent in 2022

    Lei Wu

    BQ Realty

    Section Image

  • L

    Buyer's Agent in 2022

    Lili Falsken

    BCRE

    (510) 222-0900

    2 in this area

    15 Total Sales

    Lili Falsken
    Section Image
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Map

Source: MLSListings

MLS Number: ML81879795

MLSListings

APN: 053-1629-030-00

California Alameda County Berkeley 94702 West Berkeley

1226 Russell St, Berkeley, CA

Not Listed for Sale

MultiFamily

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