Stephen Beard
Kw Advisors East Bay
(510) 962-7729
41 Total Sales
2 in Downtown Berkeley
$802,500 Price Range
2227 McGee Ave Berkeley, CA 94703
Downtown Berkeley NeighborhoodEstimated Value: $1,052,189
Studio
3
Baths
2,465
Sq Ft
$427/Sq Ft
Est. Value
About This Home
As of March 2023Triplex for Sale in Strong Central Berkeley Location! Property features (3) FULLY OCCUPIED, 2 bed/1bath Units, all currently Occupied Generating $66,792 in Annual Income. Huge Upside in Rents Allowing for a Potential 8% Market Cap! 2227 McGee is a Stable Investment Property in a Quiet Tree Lined Street Just Moments from the Cultural Amenities of Downtown Berkeley. NO SHOWINGS UNTIL TOUR February 21st from 11 to 1pm.
Last Agent to Sell the Property
Coldwell Banker Realty License #01464424 Listed on: 11/09/2022
Last Buyer's Agent
RECIP
Out of Area Office License #00000000
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Property Details
Home Type
- Multi-Family
Year Built
- 1921
Lot Details
- 5,201 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Triplex
- Shingle Roof
Interior Spaces
- 2,465 Sq Ft Home
- 1-Story Property
Listing and Financial Details
- Total Actual Rent $66,792
Community Details
Overview
Building Details
- 3 Leased Units
- Insurance Expense $1,109
- Maintenance Expense $1,500
- Other Expense $7,000
- Utility Expense $2,080
- Trash Expense $1,200
- Operating Expense $22,505
- Gross Income $65,456
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
Closed on
Jul 14, 2023
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,000
Interest Rate
5.76%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 9, 2022
Closed on
Mar 16, 2023
Sold by
Bought by
Seller's Agent
Neel Bhatia
Coldwell Banker Realty
Buyer's Agent
RECIP
Out of Area Office
List Price
$790,000
Sold Price
$860,000
Premium/Discount to List
$70,000
8.86%
Views
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$688,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 19, 2018
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Berkeley, CA
-
Stephen Beard
-
Mitchell Barocio
Mitchell Barocio
Real Broker
(925) 483-7517
48 Total Sales
1 in Downtown Berkeley
$1,800,000 Price
-
Daniel Winkler
Daniel Winkler
Winkler Real Estate Group
(510) 871-8855
143 Total Sales
1 in Downtown Berkeley
$1,710,000 Price
-
Marc Guay
Marc Guay
(628) 230-5948
38 Total Sales
2 in Downtown Berkeley
$1,650,000 Price Range
-
Martha Park
Martha Park
Better Homes And Gardens Rp
(628) 213-7201
49 Total Sales
1 in Downtown Berkeley
$775,000 Price
-
Jatin Mehta
Jatin Mehta
Responds QuicklyKite Hill Real Estate
(650) 410-2867
64 Total Sales
2 in Downtown Berkeley
$2.3M - $3M Price Range
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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | Old Republic Title Company | ||
| $860,000 | Old Republic Title Company | ||
| -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $688,000 | ||
| Previous Owner | $688,000 |
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 |
|---|---|---|---|---|
| 03/30/2023 03/30/23 | Sold | $860,000 | +8.9% | $349 / Sq Ft |
| 02/23/2023 02/23/23 | Pending | -- | -- | -- |
| 02/08/2023 02/08/23 | For Sale | $790,000 | 0.0% | $320 / Sq Ft |
| 02/08/2023 02/08/23 | Price Changed | $790,000 | -8.1% | $320 / Sq Ft |
| 12/20/2022 12/20/22 | Off Market | $860,000 | -- | -- |
| 11/09/2022 11/09/22 | For Sale | $1,180,000 | -- | $479 / Sq Ft |
Source: MLSListings
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 |
|---|---|---|---|---|
| 2026 | $17,577 | $912,631 | $273,789 | $638,842 |
| 2025 | $15,693 | $894,743 | $268,423 | $626,320 |
| 2024 | $15,693 | $877,200 | $263,160 | $614,040 |
| 2023 | $9,666 | $389,023 | $116,707 | $272,316 |
| 2022 | $9,402 | $381,395 | $114,418 | $266,977 |
| 2021 | $9,364 | $373,918 | $112,175 | $261,743 |
| 2020 | $8,644 | $370,085 | $111,025 | $259,060 |
| 2019 | $8,066 | $362,830 | $108,849 | $253,981 |
| 2018 | $7,878 | $355,717 | $106,715 | $249,002 |
| 2017 | $7,577 | $348,743 | $104,623 | $244,120 |
| 2016 | $7,177 | $341,905 | $102,571 | $239,334 |
| 2015 | $7,058 | $336,771 | $101,031 | $235,740 |
| 2014 | $7,077 | $330,175 | $99,052 | $231,123 |
Source: Public Records
Agents Affiliated with this Home
-
Neel Bhatia
Seller's Agent in 2023
Neel Bhatia
Coldwell Banker Realty
(408) 828-4024
1 in this area
18 Total Sales
-
R
Buyer's Agent in 2023
RECIP
Out of Area Office
Map
Source: MLSListings
MLS Number: ML81912618
APN: 056-2009-026-00
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