NOT LISTED FOR SALE

2433 San Pablo Ave Berkeley, CA 94702

West Berkeley Neighborhood

Estimated Value: $1,136,000

4 Beds
4 Baths
2,352 Sq Ft
$483/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $957,000 $407 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,402/month

71 Days on Market

Highlights

  • Wood Flooring
  • Rosa Parks Elementary School Rated A
  • Security Fence

About This Home

As of February 2021

Rare opportunity to own stable income investment properties in very desirable location in popular & desirable location in Berkeley, San Francisco Bay area. Fully tenant occupied. Well Maintained, Bright, Convenient Fourplex, Secured Gate, 2-units with backyard and 2-units with balconies. Units have fireplace and hardwood floors. 1 parking space per unit. 5-Min drive to UC Berkeley campus!! Easy access to I-80 university ave and convenient to commute companies, schools, park, shopping, restaurants, and much more.

Last Agent to Sell the Property

Irene Suh

Elim Investment Company License #01490635 Listed on: 11/02/2020

Co-Listed By

Ki Seo

Elim Investment Company License #02086542

Last Buyer's Agent

Nicholas Cavazos

KW Thrive Santa Cruz License #01954916

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,113

Year Built

  • 1942

Lot Details

  • 5,449 Sq Ft Lot
  • Security Fence

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 2,352 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $79,440

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Manager Expense $1,200
  • Other Expense $2,500
  • Utility Expense $6,000
  • Trash Expense $2,100
  • Operating Expense $25,400
  • Gross Income $79,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,113

Year Built

1942

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2352
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1942

Interior Features

  • Living Sq Ft: 2352
  • Stories: 2
  • Security: Security Fence
  • Flooring: Hardwood, Laminate

Exterior Features

  • Yard/Grounds: Fenced

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Parking Area

Utilities

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

Lot Info

  • Lot Acres: 0.1251
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5450.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5450.00

Rental Info

  • Gross Rent Multiplier: 13.53
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 1200
  • Expense Maintenance: 1200
  • Expense Management: 1200
  • Expenses Other: 2500
  • Expenses Total: 25400
  • Expenses Utility: 6000
  • Expense Trash: 2100
  • Income Annual Gross: 79440.00
  • Income Annual Rental: 79440
  • Income Gross Scheduled: 79440
  • Income Includes: Lease
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
Jan 29, 2021
Sold by
Song Hyun Ju and Song Hyun J
Bought by
Aron Homes Llc
Seller's Agent
Irene Suh
Elim Investment Company
Buyer's Agent
Nicholas Cavazos
KW Thrive Santa Cruz
List Price
$1,075,000
Sold Price
$957,000
Premium/Discount to List
-$118,000
-10.98%
Current Estimated Value
$1,136,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,000
Avg. Annual Appreciation
3.69%
Original Mortgage
$951,300
Outstanding Balance
$849,356
Interest Rate
2.6%
Mortgage Type
Construction
Estimated Equity
$286,644

Purchase Details

Closed on
Oct 11, 2007
Sold by
Saldor Llc
Bought by
Song Hyun Ju

Purchase Details

Closed on
Jun 29, 2005
Sold by
Cho Kisuk and Cho Yoon Jung
Bought by
Tam Dorian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
7.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2005
Sold by
Tam Sally
Bought by
Tam Dorian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
7.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2004
Sold by
Tam Dorian
Bought by
Saldor Llc

Purchase Details

Closed on
Oct 31, 2001
Sold by
Chong Yi Chun Hyong and Chong Yi Tuk
Bought by
Cho Kisuk and Cho Yoonjung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2001
Sold by
Farrow Hennie
Bought by
Chong Yi Chun Hyong and Chong Yi Tuk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,900
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2000
Sold by
Zhang Jin Yu and Zhu Xiang
Bought by
Farrow Hennie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,250
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2000
Sold by
Vandongen Robert
Bought by
Farrow Hennie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,250
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 1995
Sold by
Mogill Raymond G and Mogill Minnette
Bought by
Zhang Jin Yu and Zhu Xiang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Aron Homes Llc $957,000 First American Title Company
Song Hyun Ju -- None Available
Tam Dorian $700,000 Ticor Title Company Of Ca
Tam Dorian -- Ticor Title Company Of Ca
Saldor Llc -- None Available
Cho Kisuk $535,000 American Title Co
Chong Yi Chun Hyong $497,000 American Title Co
Farrow Hennie $297,500 Old Republic Title Company
Zhang Jin Yu -- --
Farrow Hennie -- Old Republic Title Company
Zhang Jin Yu $140,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aron Homes Llc $951,300
Previous Owner Tam Dorian $630,000
Previous Owner Cho Kisuk $428,000
Previous Owner Chong Yi Chun Hyong $347,900
Previous Owner Farrow Hennie $208,250
Previous Owner Zhang Jin Yu $112,000
Closed Zhang Jin Yu $14,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2021 02/05/21 Sold $957,000 -11.0% $407 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $1,075,000 0.0% $457 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $1,075,000 -- $457 / Sq Ft
Source: MLSListings

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 $17,113 $1,035,875 $310,762 $725,113
2024 $17,113 $1,015,567 $304,670 $710,897
2023 $16,310 $995,661 $298,698 $696,963
2022 $15,997 $976,140 $292,842 $683,298
2021 $14,979 $873,668 $262,100 $611,568
2020 $19,437 $864,711 $259,413 $605,298
2019 $17,043 $847,763 $254,329 $593,434
2018 $14,558 $831,145 $249,343 $581,802
2017 $12,814 $814,851 $244,455 $570,396
2016 $12,389 $798,875 $239,662 $559,213
2015 $11,813 $750,000 $250,000 $500,000
2014 $11,241 $680,000 $204,000 $476,000
Source: Public Records

Agents Affiliated with this Home

  • Irene Suh

    Seller's Agent in 2021

    Irene Suh

    Elim Investment Company

    (408) 781-8431

    2 in this area

    87 Total Sales

    Irene Suh
    Section Image

  • K

    Seller Co-Listing Agent in 2021

    Ki Seo

    Elim Investment Company

    Section Image

  • N

    Buyer's Agent in 2021

    Nicholas Cavazos

    KW Thrive Santa Cruz

See All Agents

Map

Source: MLSListings

MLS Number: ML81818560

MLSListings

APN: 056-1928-021-00

California Alameda County Berkeley 94702 West Berkeley

2433 San Pablo Ave, Berkeley, CA

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