NOT LISTED FOR SALE

2720 College Ave Berkeley, CA 94705

Elmwood Neighborhood

Estimated Value: $2,191,000 - $2,843,000

-- Bed
5 Baths
3,931 Sq Ft
$646/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $2,200,000 $560 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $17,023/month

3,861 Days on Market

Highlights

  • View of Hills
  • Wood Flooring
  • Formal Entry
  • Emerson Elementary School Rated A
  • Fireplace
  • Landscaped

About This Home

As of August 2020

2720 College Avenue is a multifamily investment opportunity with 4 X large, 968 square foot, one bedroom, one-bathroom fats that feature formal dining rooms and provides the potential opportunity to be converted to two bedroom units in the future.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 06/10/2020

Last Buyer's Agent

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 06/10/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,046

Year Built

  • Built in 1924

Lot Details

  • 7,362 Sq Ft Lot
  • Landscaped

Property Views

  • Hills
  • Park or Greenbelt

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,931 Sq Ft Home
  • Fireplace
  • Formal Entry
  • Wood Flooring

Kitchen

  • Microwave
  • Dishwasher

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Utilities

  • Central Heating
  • Separate Meters

Community Details

  • 4 Units
  • 1 Vacant Unit

Listing and Financial Details

  • Tenant pays for electricity, gas, parking fee, water
  • Assessor Parcel Number 54-1709-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,046

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1924
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Storage Area
  • Appliances: Dishwasher, Free Standing Refrigerator, Microwave, OVFR
  • Flooring: Wood
  • Interior Amenities: Formal Entry
  • Laundry Features: WSHD
  • Price Per Square Foot: 559.65
  • Square Footage: 3931.00
  • Window Features: DPNW

Exterior Features

  • Construction Materials: Frame, Stucco, Wood
  • Foundation: Slab
  • Roof: Shingle
  • View: Hills, Park

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Central, Fireplace(s)

Lot Info

  • Assessor Parcel Number: 54-1709-9
  • Lot Features: Landscape Front, Shape Regular
  • Lot Size Acres: 0.1690
  • Lot Size Sq Ft: 7362.00
  • Lot Size Units: Acres
  • Price Per Acre: 13017751.48

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity, Gas, Parking Fee, Water

Building Info

  • Number of Units Total: 4

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 13.70
  • Separate Meters: Electricity, Gas, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Aug 7, 2020
Sold by
Wft Ca Apartments Llc
Bought by
Wen Andrew Roger and Wen Abigail Hing
Seller's Agent
Keith Manson
Cushman & Wakefield
Buyer's Agent
Keith Manson
Cushman & Wakefield
List Price
$1,249,000
Sold Price
$2,200,000
Premium/Discount to List
$951,000
76.14%
Current Estimated Value
$2,538,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,446
Avg. Annual Appreciation
3.22%
Original Mortgage
$1,320,000
Outstanding Balance
$1,180,983
Interest Rate
2.85%
Mortgage Type
New Conventional
Estimated Equity
$1,390,236

Purchase Details

Closed on
Jul 20, 2017
Sold by
Hsi Joyce Marie and Lim Sylvia Hsi
Bought by
Wft Ca Apartments Llc

Purchase Details

Closed on
Dec 23, 1996
Sold by
Hsi Walter and Hsi Mary A
Bought by
Hsi Walter and Hsi Walter Y
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
Wen Andrew Roger $2,200,000 Chicago Title Company
Wft Ca Apartments Llc $1,400,000 Old Republic Title Company
Hsi Walter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrew And Abigail Wen Family $353,700
Open Wen Andrew Roger $1,320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $2,200,000 0.0% $560 / Sq Ft
09/19/2010 09/19/10 Off Market $2,200,000 -- --
03/26/2010 03/26/10 Price Changed $1,177,000 -5.8% $299 / Sq Ft
12/24/2009 12/24/09 For Sale $1,249,000 -- $318 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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
2024 $36,046 $2,355,448 $700,392 $1,655,056
2023 $35,311 $2,309,280 $686,664 $1,622,616
2022 $34,696 $2,264,000 $673,200 $1,590,800
2021 $34,550 $2,200,000 $660,000 $1,540,000
2020 $23,920 $1,456,560 $520,200 $936,360
2019 $22,816 $1,428,000 $510,000 $918,000
2018 $22,407 $1,400,000 $500,000 $900,000
2017 $6,831 $152,287 $109,850 $42,437
2016 $6,300 $149,301 $107,696 $41,605
2015 $6,170 $147,059 $106,079 $40,980
2014 $6,222 $144,179 $104,001 $40,178
Source: Public Records

Agents Affiliated with this Home

  • Keith Manson

    Seller's Agent in 2020

    Keith Manson

    Cushman & Wakefield

    (415) 244-6300

    1 in this area

    40 Total Sales

    Keith Manson
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 499469

San Francisco Association of REALTORS® MLS

APN: 054-1709-009-00

California Alameda County Berkeley 94705 Elmwood

2720 College Ave, Berkeley, CA

This home is located at 2720 College Ave, Berkeley, CA 94705 since 10 June 2020 and is currently estimated at $2,538,446, approximately $645 per square foot. This property was built in 1924. 2720 College Ave is a home located in Alameda County with nearby schools including Emerson Elementary School, John Muir Elementary School, and Malcolm X Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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