NOT LISTED FOR SALE

Estimated Value: $1,790,000 - $2,230,000

Studio
-- Bath
4,016 Sq Ft
$499/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $1,800,000 $448 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,523/month

14 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Heating Available
  • Berkeley Arts Magnet at Whittier School Rated A

About This Home

As of October 2024

This property features four (4) total units comprised of spacious 2bd/1bth apartments that are approximately 1,000 SF each. Each unit is separately metered for gas, electricity, and water, keeping owner expenses to a minimum. All units are delivered vacant and can be renovated and rented at market rents, providing a huge value-add opportunity for investors. There is strong potential for rental income growth and appreciation, given the property’s desirable location and scarcity of similar offerings in the area. This is an incredible investment for an owner-occupant, long-term rental, short-term rental, or student housing provider. Situated in a prime Berkeley location, it is a short walk to UC Berkeley and Downtown Berkeley’s best shops, restaurants, and transportation options. Deferred maintenance may include but is not limited to roof, plumbing, electrical, dry rot, seismic, etc. as outlined in the inspection reports and disclosures. Email agent on property website for more info. Showing today: Friday 8/23 from 1pm - 2:30pm

Last Agent to Sell the Property

Steven Pinza

License #01867691 Listed on: 08/23/2024

Last Buyer's Agent

Steven Pinza

License #01867691 Listed on: 08/23/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 4,894 Sq Ft Lot

Home Design

  • Quadruplex

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 4,016 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Year Built: 1926
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Directions: Google Maps
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Flooring: Other
  • Basement: Other
  • Other Equipment: Other

Exterior Features

  • Lot Features: Other
  • Construction Type: Other
  • Exterior Features: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other

Utilities

  • Heating: Other
  • Utilities: Other Water/Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 4894
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Sep 19, 2024
Sold by
Erik C Paulsen Revocable Living Trust and Cynthia L Perry Living Trust
Bought by
Jn Properties Llc
Seller's Agent
Steven Pinza
Buyer's Agent
Steven Pinza
List Price
$1,600,000
Sold Price
$1,800,000
Premium/Discount to List
$200,000
12.5%
Views
27
Current Estimated Value
$2,002,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,555
Avg. Annual Appreciation
8.91%
Original Mortgage
$1,330,000
Outstanding Balance
$1,315,106
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$687,449

Purchase Details

Closed on
Jun 22, 2023
Sold by
Perry Cynthia L
Bought by
Cynthia L Perry Living Trust and Perry

Purchase Details

Closed on
Aug 7, 2009
Sold by
Paulsen Erik C
Bought by
Livin Ottis Carolyn Ann Paulsen and Livin Erik C Paulsen Revocable

Purchase Details

Closed on
Jan 6, 2000
Sold by
Paulsen Eric and Paulsen Eric C
Bought by
Perry Cynthia L and Paulsen Erik C
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
Jn Properties Llc $1,900,000 Stewart Title Guaranty Company
Jn Properties Llc $1,900,000 Stewart Title Guaranty Company
Cynthia L Perry Living Trust -- None Listed On Document
Livin Ottis Carolyn Ann Paulsen -- None Available
Perry Cynthia L $250,000 First California Title Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jn Properties Llc $1,330,000
Closed Jn Properties Llc $1,330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,800,000 -- --
10/04/2024 10/04/24 Sold $1,800,000 +12.5% $448 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/23/2024 08/23/24 For Sale $1,600,000 -- $398 / 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 $12,618 $1,900,000 $570,000 $1,330,000
2024 $12,618 $479,431 $145,404 $341,027
2023 $12,303 $476,895 $142,553 $334,342
2022 $11,957 $460,545 $139,758 $327,787
2021 $11,903 $451,379 $137,018 $321,361
2020 $10,937 $453,682 $135,614 $318,068
2019 $10,152 $444,787 $132,955 $311,832
2018 $9,909 $436,067 $130,348 $305,719
2017 $9,537 $427,518 $127,792 $299,726
2016 $9,002 $419,137 $125,287 $293,850
2015 $8,849 $412,842 $123,405 $289,437
2014 $8,963 $404,755 $120,988 $283,767
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41070765

bridgeMLS

APN: 058-2181-023-00