$1,298,000

Estimated payment $8,604/month

Total Views 746
2 Beds
3 Baths
1,664 Sq Ft
$780 Price per Sq Ft

Highlights

  • Wood Flooring
  • Malcolm X Elementary School Rated A
  • 3-minute walk to Halcyon Commons Park

About This Home

This beautifully updated triplex is located in the Heart of Berkeleys vibrant Elmwood neighborhood. This multi-family property with its' eclectic charm was built in 1923 and offers a perfect blend of historic charm and modern upgrades, making it an ideal choice for investors or owner-occupants seeking strong rental income in a high-demand market. Berkeleys rental market remains one of the strongest in the Bay Area, driven by proximity to UC Berkeley, a world-class employment hub, and limited housing supply. The Elmwood neighborhoods walkability (Walk Score of 92) being steps away from Telegraph Avenue. Enjoy access to iconic spots like the Smokehouse burger joint, Whole Foods, and diverse Ethiopian, Burmese, Thai, and Vietnamese restaurants. Explore Willard Park and Peoples Park and boutique shops like Tail of the Yak Trading Company. A commuter's and bikers paradise only 0.6 miles from Ashby BART station, with easy access to major freeways to Downtown Oakland (13 miles) and San Francisco (23 miles). Own this turnkey triplex in one of Berkeleys most sought-after neighborhoods with high rental potential.

Listing Agent

Robert Balina

Synergize Realty License #01263881 Listed on: 07/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,235

Year Built

  • 1923

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,664 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile

Parking

  • 1 Parking Space
  • Off-Street Parking

Additional Features

  • 3,280 Sq Ft Lot
  • Wall Furnace

Community Details

Overview

  • 1,664 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,400
  • Utility Expense $2,400
  • Operating Expense $18,084
  • Gross Income $66,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,235

Year Built

1923

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Triplex
  • Age: 102
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1664
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Living Sq Ft: 1664
  • Stories: 2
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Berkeley Unified

Lot Info

  • Lot Acres: 0.0753
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3280.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3280.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 19.26
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2400
  • Expense Landscape: 1800
  • Expenses Total: 18084
  • Expenses Utility: 2400
  • Income Annual Gross: 66032.00
  • Income Annual Rental: 67380
  • Income Gross Scheduled: 67380
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $17,235 $1,062,247 $318,674 $743,573
2023 $16,771 $1,041,420 $312,426 $728,994
2022 $10,737 $528,910 $157,015 $371,895
2021 $10,356 $518,542 $153,937 $364,605
2020 $9,801 $513,229 $152,360 $360,869
2019 $9,395 $503,165 $149,372 $353,793
2018 $9,201 $493,299 $146,443 $346,856
2017 $8,865 $483,627 $143,572 $340,055
2016 $8,542 $474,144 $140,757 $333,387
2015 $8,408 $467,022 $138,642 $328,380
2014 $8,403 $457,875 $135,927 $321,948
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $1,298,000 +27.1% $780 / Sq Ft
02/04/2025 02/04/25 Off Market $1,021,000 -- --
02/23/2022 02/23/22 Sold $1,021,000 0.0% $614 / Sq Ft
12/23/2021 12/23/21 Off Market $1,021,000 -- --
11/11/2021 11/11/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $895,000 -- $538 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,021,000 Old Republic Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer $228,500 Fidelity National Title Co
Grant Deed $299,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $765,750 New Conventional
Previous Owner $275,000 New Conventional
Previous Owner $315,000 Purchase Money Mortgage
Previous Owner $239,200 No Value Available
Source: Public Records

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Source: MLSListings

MLS Number: ML82016196

MLSListings

APN: 052-1558-010-00