NOT LISTED FOR SALE

2228 McGee Ave Berkeley, CA 94703

Downtown Berkeley Neighborhood

Estimated Value: $1,362,000 - $1,506,000

8 Beds
4 Baths
3,358 Sq Ft
$420/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $1,425,000 $424 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $9,350/month

22 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Heating System Uses Natural Gas
  • Washington Elementary School Rated A
  • Fenced
  • Back Yard

About This Home

As of December 2021

The price is right when it comes to 2228 McGee Avenue. Listed at $1.3MM, this four-unit, 3,358 square foot property is an astounding bargain given the competitiveness of the local marketplace. Rental upside is a huge bonus with this property (current rents are 45% below the current market value)—as future vacancies emerge, the new owners will be able to pick their own tenants and set their own monthly rates. Each unit follows a two-bedroom, 1-bathroom layout, and, the units are on the larger-side of what’s available in the region. Proximity to key amenities (BART, Ohlone Park, Strawberry Creek Park, Shattuck Avenue, UC Berkeley, etc.) will help 2228 McGee hold (and grow!) its value as a multifamily investment for years to come.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 10/21/2021

Keller Williams Realty

Last Buyer's Agent

Abhi Indap

Kw Advisors License #02061001

Kw Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,552

Year Built

  • Built in 1968

Lot Details

  • 4,875 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Quadruplex
  • Stucco

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Carport
  • On-Street Parking
  • Parking Lot
  • 6 to 12 Parking Spaces

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 3,358 Sq Ft Building
  • Bridge Aor Association

Listing and Financial Details

  • Assessor Parcel Number 56200814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,552

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Year Built: 1968
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Directions: East on University Ave, right on McGee Ave
  • Carport Y N: Yes
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile, Carpet
  • Basement: None
  • Appliances: Dryer, Washer, Gas Water Heater
  • Total Bedrooms: 8
  • Door Features: Mirrored Closet Door(s)

Exterior Features

  • Fencing: Fenced
  • Lot Features: Back Yard, Landscape Front, Landscape Back
  • Construction Type: Stucco
  • Exterior Features: Back Yard, Carport Awning, Low Maintenance, Yard Space

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport - 2 Or More, Parking Lot, Space Per Unit - 1, Street Parking, 4-7 Cars

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Cooling: No Air Conditioning
  • Laundry Features: Common Area, Dryer, Washer
  • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 4875
  • Parcel Number: 56200814
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 7, 2021
Sold by
Mjcb Investment Berkeley Lc
Bought by
Nair Anilkumar and Krishnan Anupama
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Abhi Indap
Kw Advisors
List Price
$1,300,000
Sold Price
$1,425,000
Premium/Discount to List
$125,000
9.62%
Current Estimated Value
$1,411,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,811
Avg. Annual Appreciation
-0.25%
Original Mortgage
$855,000
Outstanding Balance
$786,691
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$624,498

Purchase Details

Closed on
Dec 17, 2018
Sold by
Chan Robert D
Bought by
3Js & C Investment Berkeley Llc

Purchase Details

Closed on
Aug 2, 2004
Sold by
Chan Harry and Chan Linda
Bought by
Chan Harry and Chan Linda

Purchase Details

Closed on
Feb 10, 2003
Sold by
Chan Harry and Chan Linda
Bought by
Chan Harry and Chan Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.89%
Source: Public Records

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
Nair Anilkumar $1,425,000 Fidelity National Title Co
3Js & C Investment Berkeley Llc -- None Available
Mjcb Investment Berkeley Llc -- None Available
Chan Michael K -- None Available
Chan Harry -- --
Chan Harry -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nair Anilkumar $855,000
Previous Owner Chan Harry $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,425,000 -- --
12/10/2021 12/10/21 Sold $1,425,000 +9.6% $424 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $1,300,000 -- $387 / 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 $23,552 $1,512,210 $453,663 $1,058,547
2024 $23,552 $1,482,570 $444,771 $1,037,799
2023 $23,064 $1,453,500 $436,050 $1,017,450
2022 $22,644 $1,425,000 $427,500 $997,500
2021 $6,870 $132,076 $57,080 $81,996
2020 $6,189 $137,650 $56,495 $81,155
2019 $5,603 $134,951 $55,387 $79,564
2018 $5,435 $132,305 $54,301 $78,004
2017 $5,202 $129,712 $53,237 $76,475
2016 $4,809 $127,168 $52,193 $74,975
2015 $4,712 $125,258 $51,409 $73,849
2014 $4,857 $122,805 $50,402 $72,403
Source: Public Records

Agents Affiliated with this Home

  • Joey Wang

    Seller's Agent in 2021

    Joey Wang

    Keller Williams Realty

    (510) 592-5554

    6 in this area

    143 Total Sales

    Joey Wang
    Section Image
  • Abhi Indap

    Buyer's Agent in 2021

    Abhi Indap

    Kw Advisors

    (408) 472-4969

    1 in this area

    38 Total Sales

    Abhi Indap
    Section Image
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Map

Source: bridgeMLS

MLS Number: 40971771

bridgeMLS

APN: 056-2008-014-00

California Alameda County Berkeley 94703 Downtown Berkeley

2228 McGee Ave, Berkeley, CA

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bridgeMLS Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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