1283 University Ave Berkeley, CA 94702
Fourth Street-Berkeley Marina NeighborhoodEstimated payment $9,238/month
Total Views
1,189
4
Beds
4
Baths
2,650
Sq Ft
$547
Price per Sq Ft
Highlights
- Vinyl Flooring
- Rosa Parks Elementary School Rated A
- 4-minute walk to Strawberry Creek Park
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.
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
Map
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Home Values in the Area
Average Home Value in this Area
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 | $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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $4,435,000 | Construction | |
| Closed | $1,072,714 | New Conventional | |
| Closed | $981,000 | New Conventional | |
| Closed | $70,000 | Unknown | |
| Closed | $602,000 | Unknown | |
| Closed | $245,000 | Unknown | |
| Closed | $245,000 | Unknown | |
| Closed | $135,000 | Unknown |
Source: Public Records
Similar Homes in the area
Source: MLSListings
MLS Number: ML82011080
APN: 057-2081-025-00
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