NOT LISTED FOR SALE

Estimated Value: $1,438,978 - $1,981,000

9 Beds
6 Baths
4,771 Sq Ft
$369/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $1,950,000 $409 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $12,296/month

84 Days on Market

Highlights

  • No HOA
  • Solar owned by seller
  • Garden
  • Washington Elementary School Rated A
  • Tile Flooring
  • 5-minute walk to Martin Luther King Jr Civic Center Park

About This Home

As of December 2023

Massive Gross projected rental income in excess of $174,800 for all 6 units, including the owners unit.Total of 9 bedrooms and 6 bathrooms plus two units in the detached studio.....Discover this historic Queen Anne-style property in prime location- central Berkeley, a prime investment opportunity. Originally converted into four units in the 1950s, it has since seen thoughtful improvements, including the attic transformed into two additional units, elevating rental income potential. Owned solar system. Convenience is key, with a rear laundry room featuring tenant-friendly coin-operated machines. Sustainability and cost savings come from the owned integrated solar panel system, seamlessly tied to the house meter. Sewer compliant! The backyard reveals two versatile studio/office spaces, offering adaptability to diverse needs. Reserved off-street parking adds an owner's convenience touch. This Queen Anne property radiates character and promise, making it a top investment in Berkeley's dynamic real estate market, securing a strong income stream for savvy investors. Don't miss the chance to own a piece of Berkeley's architectural history while reaping the rewards of a well-maintained, income-generating property. Walk Score of 93, Transit score of 70 and bike score of 99.

Last Listed By

Devang Parikh

License #01815439 Listed on: 09/25/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,936

Year Built

  • Built in 1902

Lot Details

  • 6,500 Sq Ft Lot
  • Garden
  • Back Yard Fenced and Front Yard

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Wood Siding

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Solar owned by seller
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 4,771 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,936

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Year Built: 1902
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Co List Office Mls Id: OBOSIR 01
  • Directions: Between Bancroft and Allston
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate, Tile, Carpet
  • Basement: None
  • Appliances: Dryer, Washer
  • Total Bedrooms: 9

Exterior Features

  • Fencing: Fenced, Back Yard
  • Lot Features: Back Yard, Front Yard
  • Construction Type: Wood Siding
  • Exterior Features: Front Yard, Other, Garden

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Heating: Natural Gas
  • Cooling: No Air Conditioning
  • Laundry Features: Laundry Room, Laundry Equip - Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: Photovoltaics Seller Owned, Other Solar

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 6500
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Dec 1, 2023
Sold by
Kim Taesung and Kim Mijung
Bought by
Lam/Chan Family Trust and Lam
Seller's Agent
Devang Parikh
Buyer's Agent
Wai Chen Cheung
Compass
List Price
$2,100,000
Sold Price
$1,950,000
Premium/Discount to List
-$150,000
-7.14%
Total Days on Market
84
Views
70
Current Estimated Value
$1,759,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$190,755
Avg. Annual Appreciation
-7.82%

Purchase Details

Listed on
Nov 16, 2022
Closed on
Apr 13, 2023
Sold by
Spitzer Family Trust
Bought by
Kim Taesung and Kim Mijung
Seller's Agent
Bill Grimason
Winkler Real Estate Group
Buyer's Agent
Devang Parikh
List Price
$2,100,000
Sold Price
$1,775,000
Premium/Discount to List
-$325,000
-15.48%
Views
59

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.28%

Purchase Details

Closed on
Sep 24, 2015
Sold by
Gardiner Bruce L I
Bought by
Spitzer Richard and The Spitzer Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 30, 1993
Sold by
Kelley Narcissa D and Narcissa D Kelley Trust
Bought by
Gardiner Bruce L I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,650
Interest Rate
6.94%

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
Lam/Chan Family Trust $1,392,500 Chicago Title
Kim Taesung $1,775,000 Chicago Title
Spitzer Richard $1,450,000 Chicago Title Company
Gardiner Bruce L I $218,500 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spitzer Richard $660,000
Previous Owner Gardiner Bruce L I $207,400
Previous Owner Gardiner Bruce L I $43,000
Previous Owner Gardiner Bruce L I $225,000
Previous Owner Gardiner Bruce L I $196,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,950,000 -- --
02/04/2025 02/04/25 Off Market $1,775,000 -- --
12/08/2023 12/08/23 Sold $1,950,000 -2.5% $409 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
11/16/2023 11/16/23 Price Changed $2,000,000 -4.8% $419 / Sq Ft
09/11/2023 09/11/23 For Sale $2,100,000 +18.3% $440 / Sq Ft
05/05/2023 05/05/23 Sold $1,775,000 -6.6% $524 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/09/2023 03/09/23 Price Changed $1,900,000 -9.5% $560 / Sq Ft
12/08/2022 12/08/22 For Sale $2,100,000 +18.3% $619 / Sq Ft
11/18/2022 11/18/22 Off Market $1,775,000 -- --
11/16/2022 11/16/22 For Sale $2,100,000 -- $619 / 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
2024 $29,936 $1,950,000 $585,000 $1,365,000
2023 $26,164 $1,649,824 $512,014 $1,137,810
2022 $25,685 $1,617,475 $501,975 $1,115,500
2021 $25,741 $1,585,763 $492,133 $1,093,630
2020 $24,319 $1,569,509 $487,089 $1,082,420
2019 $23,322 $1,538,740 $477,540 $1,061,200
2018 $22,929 $1,508,580 $468,180 $1,040,400
2017 $22,155 $1,479,000 $459,000 $1,020,000
2016 $21,434 $1,450,000 $450,000 $1,000,000
2015 $7,575 $317,248 $92,770 $224,478
2014 $7,653 $311,034 $90,953 $220,081
Source: Public Records

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Source: bridgeMLS

MLS Number: 41038725

bridgeMLS

APN: 057-2014-023-00