NOT LISTED FOR SALE

2527 San Pablo Ave Berkeley, CA 94702

West Berkeley Neighborhood

Estimated Value: $1,033,000

0.31 Acre
$3,375,817 Price per Acre
13,329 Sq Ft Lot

Last Sold August 21, 2019

Last sale price $4,825,000 $362 Per Sq Ft

Current estimated payment $6,665/month

74 Days on Market

Highlights

  • Ocean View
  • 0.31 Acre Lot
  • Corner Lot
  • Oxford Elementary School Rated A
  • Property is near public transit

About This Lot

As of August 2019

2527 San Pablo Avenue, is a fully-entitled, infill development opportunity that will be delivered building permit ready. The 0.31-acre site is located in West Berkeley at the Southeast corner of San Pablo Ave and Blake St and is situated in the West Berkeley Commercial Zoning District (C-W). The site has been fully-entitled for a 6-story, 62,402 sq. ft. apartment building with 63 residential units, 2 commercial spaces totaling 3,155 square feet, 49 parking spaces, 60 bike parking spaces, a rooftop terrace & resident multipurpose room and a community laundry room on the sixth floor. 12 of the 63 residential units are designated as below market rate unit for qualified persons with intellectual & developmental disabilities.

Last Agent to Sell the Property

Zachary Greenwood

Cushman & Wakefield License #DRE #01960296 Listed on: 10/29/2018

Co-Listed By

Keith Manson

Cushman & Wakefield License #DRE #01490046

Last Buyer's Agent

Zachary Greenwood

Cushman & Wakefield License #DRE #01960296 Listed on: 10/29/2018

Property Details

Property Type

  • Land

Lot Details

  • 0.31 Acre Lot
  • Chain Link Fence
  • Corner Lot
  • Property is zoned C-W, Commercial,Mixed,Multi-Residential,Residential,Retail

Property Views

  • Ocean
  • Bay
  • Golden Gate Bridge
  • San Francisco
  • Views of the Bay Bridge
  • Panoramic
  • City Lights
  • Mountain
  • Hills

Home Design

  • Mixed Use

Location

  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 054-1781-015-01

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Lot
  • Special Features: None

Exterior Features

  • Fencing: Chain Link
  • Road Surface Type: Paved, Surfaced
  • View: Bay, Bay Bridge, City Lights, Golden Gate Bridge, Hills, Mountains, Ocean, Panoramic, San Francisco, Water
  • Development Status: Site Plan Approved
  • Road Frontage Type: City Street

Utilities

  • Sewer: Public Sewer, Sewer Available
  • Utilities: Natural Gas Available, Water Available, UTIL
  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 054-1781-015-01
  • Current Use: Commercial, Mixed Use, Multi-Family
  • Lot Features: Corner, Curb(s), Gutter(s), Public Trans Nearby, Sidewalk(s), Storm Drain(s)
  • Lot Size Acres: 0.3060
  • Lot Dimensions: ,,,
  • Lot Size Sq Ft: 13330.00
  • Lot Size Units: SqFt
  • Price Per Acre: 15767973.86
  • Zoning: C-W
  • Number Of Lots: 1
  • Zoning Description: Commercial,Mixed,Multi-Residential,Residential,Retail

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2019
Sold by
2527 San Pablo Llc
Bought by
Blake Apartments Lp
Current Estimated Value
$1,033,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,046,000
Outstanding Balance
$4,427,444
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
-$3,394,444

Purchase Details

Closed on
May 27, 2016
Sold by
Babitt Mack N and Babitt Navoto
Bought by
2527 San Pablo Llc

Purchase Details

Closed on
Nov 6, 2015
Sold by
Babitt Mack N
Bought by
Babitt Mack N and Babitt Nacoto L

Purchase Details

Closed on
Jan 5, 2011
Sold by
Babitt Mack N
Bought by
Babitt Mack N

Purchase Details

Closed on
Sep 25, 2002
Sold by
Babitt Mack Neal
Bought by
Babitt Mack Neal
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Blake Apartments Lp $4,825,000 Old Republic Title Company
2527 San Pablo Llc $1,913,000 Old Republic Title Company
Babitt Mack N -- None Available
Babitt Mack N -- None Available
Babitt Mack Neal -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blake Apartments Lp $5,046,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2019 08/21/19 Sold $4,825,000 0.0% $362 / Sq Ft
01/11/2019 01/11/19 Pending -- -- --
10/29/2018 10/29/18 For Sale $4,825,000 -- $362 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $15,023 $691,048 $5,354,400 $8,466,546
2024 $15,023 $30,639,959 $5,249,424 $25,390,535
2023 $84,535 $6,947,037 $5,146,512 $1,800,525
2022 $63,805 $5,071,895 $5,045,616 $26,279
2021 $64,625 $4,972,452 $4,946,688 $25,764
2020 $62,641 $4,921,500 $4,896,000 $25,500
2019 $27,293 $2,029,969 $2,016,280 $13,689
2018 $26,899 $1,990,181 $1,976,760 $13,421
2017 $25,798 $1,951,158 $1,938,000 $13,158
2016 $5,411 $269,955 $62,092 $207,863
2015 $3,232 $94,602 $61,159 $33,443
2014 $3,334 $119,809 $59,961 $59,848
Source: Public Records

Agents Affiliated with this Home

  • Zachary Greenwood

    Seller's Agent in 2019

    Zachary Greenwood

    Cushman & Wakefield

    (559) 930-1770

    1 in this area

    33 Total Sales

    Zachary Greenwood
    Section Image
  • Keith Manson

    Seller Co-Listing Agent in 2019

    Keith Manson

    Cushman & Wakefield

    (415) 244-6300

    1 in this area

    38 Total Sales

    Keith Manson
    Section Image
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Map

Source: San Francisco Association of REALTORS®

MLS Number: 478248

San Francisco Association of REALTORS®

APN: 054-1781-015-01

California Alameda County Berkeley 94702 West Berkeley

2527 San Pablo Ave, Berkeley, CA

Not Listed for Sale

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