$999,000
$451K PRICE DROP

1283 University Ave Berkeley, CA 94702

West Berkeley Neighborhood

Estimated payment $6,415/month

Total Views 7,244
4 Beds
4 Baths
2,650 Sq Ft
$377 Price per Sq Ft

Highlights

  • Vinyl Flooring
  • Wall Furnace
  • 4-minute walk to Strawberry Creek Park
  • Rosa Parks Elementary School Rated A

About This Home

Marcus & Millichap has been selected to exclusively market for sale 1283 University Ave, an exceptional asset located in the thriving city of Berkeley, California. Situated on a large parcel of land totaling 5,693 square feet, the property offers its tenants four (4) spacious one-bedroom/one-bathroom floor plans. 1283 University is conveniently located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized institution and prides itself on being the number one public university in the nation and the fourth best globally. 1283 University Ave is one of the highest current CAP rates of any four-plex on market, and presents an attractive choice for investors looking to expand their portfolio in core Bay Area.

Listing Agent

Eymon Binesh

Marcus & Millichap License #02060059 Listed on: 06/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,918

Year Built

  • 1943

Parking

  • 4 Car Garage
  • 4 Carport Spaces
  • Off-Street Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,650 Sq Ft Home
  • 2-Story Property
  • Formica Countertops

Flooring

  • Laminate
  • Vinyl

Additional Features

  • 5,693 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,380
  • Maintenance Expense $2,000
  • Other Expense $600
  • Utility Expense $4,600
  • Trash Expense $1,800
  • Operating Expense $35,774
  • Gross Income $109,975

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,918

Year Built

1943

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2650
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1943

Interior Features

  • Kitchen: Countertop - Formica
  • Living Sq Ft: 2650
  • Stories: 2
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Wood Frame
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.1307
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5693.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5693.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 8.81
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2380
  • Expense Landscape: 1800
  • Expense Maintenance: 2000
  • Expenses Other: 600
  • Expenses Total: 35774
  • Expenses Utility: 4600
  • Expense Trash: 1800
  • Income Annual Gross: 109975.00
  • Income Annual Rental: 113376
  • Income Gross Scheduled: 113376
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $13,918 $214,150 $64,161 $149,989
2024 $13,918 $209,951 $62,903 $147,048
2023 $13,083 $205,835 $61,670 $144,165
2022 $7,129 $201,800 $60,461 $141,339
2021 $12,795 $197,843 $59,275 $138,568
2020 $13,891 $195,814 $58,667 $137,147
2019 $13,223 $191,976 $57,517 $134,459
2018 $11,707 $188,212 $56,390 $131,822
2017 $11,778 $184,522 $55,284 $129,238
2016 $8,379 $180,905 $54,200 $126,705
2015 $14,933 $178,188 $53,386 $124,802
2014 $9,557 $174,698 $52,341 $122,357
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2025 11/09/25 Price Changed $999,000 -28.6% $377 / Sq Ft
08/20/2025 08/20/25 Price Changed $1,399,000 -3.5% $528 / Sq Ft
06/14/2025 06/14/25 For Sale $1,450,000 -- $547 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: MLSListings

MLS Number: ML82011080

MLSListings

APN: 057-2081-025-00

California Alameda County Berkeley 94702 West Berkeley

1283 University Ave, Berkeley, CA

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Eymon Binesh
Listing Agent
Eymon Binesh
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Marcus & Millichap
(341) 214-5899