NOT LISTED FOR SALE
Studio
-- Bath
2,736 Sq Ft
5,200 Sq Ft Lot

Sale Details

Date Sold: February 15, 2024

Last sale price $1,387,000 $507 Per Sq Ft

95 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Rectangular Lot
  • Rosa Parks Elementary School Rated A
  • Coin Laundry
  • 2-minute walk to George Florence Mini Park

About This Home

As of February 2024

Nestled just one block from the vibrant University Avenue and a mere 8-minute jaunt from UC Berkeley, this enchanting 6-Unit complex boasts an unbeatable location tailor-made for both scholars and professionals alike. Its cyclist-friendly lanes, swift access to I-80, and close proximity to public transit and the bustling 4th Street shopping district epitomize the epitome of convenience and a covetable lifestyle for its residents. This property, encompassing six units - including (4) inviting 1-bedroom units and two cozy studios - sprawls across approximately 2,736 square feet and comes with 6 parking spaces, coin laundry and secure bike racks. Originally crafted in 1962, the complex gracefully occupies an expansive lot measuring roughly 5,200 square feet, presenting an enticing opportunity for astute investors aiming to harness the escalating rental rates in the area. With an astonishing 42% upside in rental income potential, this property stands poised to yield an impressive annual income of $113,942, translating into an estimated gross rental income that surges past $9,495 each month, making it an irresistible proposition for those seeking substantial returns on their investments.

Last Agent to Sell the Property

Jatin Mehta

Kite Hill Real Estate License #02045713 Listed on: 09/10/2023

Last Buyer's Agent

Sukhjinder Singh

Alliance Bay Realty License #01829397

Alliance Bay Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,200 Sq Ft Lot
  • Rectangular Lot

Parking

  • Off-Street Parking

Home Design

  • Stucco

Flooring

  • Wood
  • Linoleum

Utilities

  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 5619717

Community Details

Overview

  • No Home Owners Association
  • 2,736 Sq Ft Building
  • Bridge Aor Association

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

5,200 Sq Ft Lot

Listing Details

  • Year Built: 1962
  • Property Sub Type: OTHER
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Directions: Google Maps
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Linoleum, Wood
  • Basement: None
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Regular
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Heating: Electric
  • Cooling: No Air Conditioning
  • Laundry Features: Coin Operated
  • Security: Secured Access
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5200
  • Parcel Number: 5619717
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 94710

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2023
Closed on
Feb 9, 2024
Sold by
Bought by
Seller's Agent
Jatin Mehta
Kite Hill Real Estate
Buyer's Agent
Sukhjinder Singh
Alliance Bay Realty
List Price
$1,495,000
Sold Price
$1,387,000
Premium/Discount to List
-$108,000
-7.22%
Views
167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
0.0589%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2017
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
0.0361%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 2015
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
0.0599%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
0.0713%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
0.0713%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,387,000 Old Republic Title Company
-- None Available
$1,020,000 Chicago Title Company
-- Chicago Title Company
-- None Available
$795,000 North American Title Company
$750,000 New Century Title Company
-- New Century Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $380,000
Closed $625,000
Closed $423,000
Closed $562,500
Closed $345,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,387,000 -- --
02/15/2024 02/15/24 Sold $1,387,000 -0.7% $507 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
11/09/2023 11/09/23 Price Changed $1,397,000 -0.7% $511 / Sq Ft
10/12/2023 10/12/23 Price Changed $1,407,000 -5.9% $514 / Sq Ft
09/10/2023 09/10/23 For Sale $1,495,000 -- $546 / Sq Ft
Source: bridgeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $24,172 $1,414,740 $612,000 $802,740
2024 $19,542 $1,177,968 $522,252 $655,716
2023 $19,123 $1,154,876 $512,014 $642,862
2022 $18,755 $1,132,232 $501,975 $630,257
2021 $18,773 $1,110,033 $492,133 $617,900
2020 $17,793 $1,103,656 $487,089 $616,567
2019 $17,052 $1,082,118 $477,540 $604,578
2018 $16,757 $1,061,006 $468,180 $592,826
2017 $16,071 $1,040,300 $459,000 $581,300
2016 $14,730 $953,562 $216,180 $737,382
2015 $14,533 $939,263 $212,932 $726,331
2014 $12,741 $761,650 $200,000 $561,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41038700

bridgeMLS
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