NOT LISTED FOR SALE

1245 Berkeley Way Berkeley, CA 94702

Estimated Value: $1,623,000 - $1,879,971

2 Beds
4 Baths
2,429 Sq Ft
$733/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $1,690,000 $696 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $11,849/month

19 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Garage
  • Rosa Parks Elementary School Rated A
  • Tile Flooring
  • Wood Siding

About This Home

As of August 2020

Travel seven minutes by bicycle to the west, and you’ll find yourself at Berkeley’s beautiful waterfront—seven minutes to the east, and you’ll arrive at prestigious UC Berkeley. Such access to amazing amenities in an urban setting is hard to find, and it’s one of the many things that make 1245 Berkeley Way so special. This 4-unit (2, 1BR and 2 Studios, all with updated kitchens and bathrooms) investment opportunity sits on an impressive 7,900 square-foot lot that features verdant, mature landscaping as well as a 2-car garage that’s ripe for AUD redevelopment. The building is currently leased to four, quality tenants, grossing the current owners $10,000 per month in revenue. Should any of these tenants move out though, close proximity to popular grocery stores (Trader Joe’s), major retailers (Target), essential public transit (North Berkeley BART), and entertaining nightlife mean any future vacancies will be short lived.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 07/17/2020

Keller Williams Realty

Last Buyer's Agent

Alex Michas

Compass License #01942824

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,319

Year Built

  • Built in 1898

Lot Details

  • 7,879

Parking

  • Garage

Home Design

  • Quadruplex
  • Rolled or Hot Mop Roof
  • Composition Shingle Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Tile Flooring
  • Laundry in unit
  • 7,879 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 57208116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,319

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Year Built: 1898
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Directions: Chestnut and Berkeley Way
  • Garage Yn: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Other Equipment: None
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition Shingles, Rolled/Hot Mop
  • Construction Type: Wood Siding

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Laundry Features: In Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7879
  • Parcel Number: 57208116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Sep 8, 2020
Sold by
Karah Ezra
Bought by
Karah Ezra and Ezra Karah Revocable Trust
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Alex Michas
Compass
List Price
$1,700,000
Sold Price
$1,690,000
Premium/Discount to List
-$10,000
-0.59%
Current Estimated Value
$1,781,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,243
Avg. Annual Appreciation
1.04%
Original Mortgage
$845,000
Outstanding Balance
$751,582
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,029,661

Purchase Details

Listed on
Jul 17, 2020
Closed on
Aug 26, 2020
Sold by
Kayani Amer M and Kayani Ambreen S
Bought by
Karah Ezra
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Alex Michas
Compass
List Price
$1,700,000
Sold Price
$1,690,000
Premium/Discount to List
-$10,000
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Outstanding Balance
$751,582
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,029,661

Purchase Details

Closed on
Jul 21, 2017
Sold by
Gee Nancy L and Lee Lawrence W
Bought by
Kayani Amer M and Kayani Ambreen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2008
Sold by
Lee Katherine W and Lee Family Living Trust
Bought by
Lee Katherine W and Gary C Lee Bypass Trust Ii
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
Karah Ezra -- None Available
Karah Ezra $1,690,000 Fidelity National Title Co
Kayani Amer M $1,610,000 Chicago Title Company
Lee Katherine W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karah Ezra $845,000
Previous Owner Kayani Amer M $1,090,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Off Market $1,690,000 -- --
02/04/2025 02/04/25 Off Market $1,690,000 -- --
08/31/2020 08/31/20 Sold $1,690,000 -0.6% $696 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $1,700,000 -- $700 / 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 $29,319 $1,829,288 $548,786 $1,280,502
2024 $29,319 $1,793,427 $538,028 $1,255,399
2023 $28,494 $1,758,275 $527,482 $1,230,793
2022 $27,773 $1,723,800 $517,140 $1,206,660
2021 $29,648 $1,690,000 $507,000 $1,183,000
2020 $26,589 $1,675,044 $520,200 $1,154,844
2019 $25,723 $1,642,200 $510,000 $1,132,200
2018 $25,278 $1,610,000 $500,000 $1,110,000
2017 $5,999 $68,236 $54,082 $14,154
2016 $5,549 $66,897 $53,021 $13,876
2015 $5,415 $65,893 $52,225 $13,668
2014 $5,301 $64,602 $51,202 $13,400
Source: Public Records

Agents Affiliated with this Home

  • Joey Wang

    Seller's Agent in 2020

    Joey Wang

    Keller Williams Realty

    (510) 592-5554

    141 Total Sales

    Joey Wang
    Section Image
  • Alex Michas

    Buyer's Agent in 2020

    Alex Michas

    Compass

    (510) 590-0963

    101 Total Sales

    Alex Michas
    Section Image
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Map

Source: bridgeMLS

MLS Number: 40912938

bridgeMLS

APN: 057-2081-016-00

California Alameda County Berkeley 94702

1245 Berkeley Way, Berkeley, CA

This home is located at 1245 Berkeley Way, Berkeley, CA 94702 since 17 July 2020 and is currently estimated at $1,781,243, approximately $733 per square foot. This property was built in 1898. 1245 Berkeley Way 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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