$1,399,999
$100K PRICE DROP

2922 Otis St Berkeley, CA 94703

South Berkeley Neighborhood

Estimated payment $9,162/month

Total Views 1,360
6 Beds
-- Bath
3,552 Sq Ft
$394 Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to Ashby Station
  • Balcony
  • Malcolm X Elementary School Rated A
  • Planned Social Activities
  • 3-minute walk to Grove Park

About This Home

Price reduced $100,000. Owner motivated. Well maintained 5-plex centrally located, walk to BART, 5 minutes to UC Berkeley campus and downtown Berkeley, close to everything. Freeways, restaurants and shopping. Owner has improved property in the last 1-2 years.

Listing Agent

Brian Wilson

Realty World-Relocation Express License #01207903

Realty World-Relocation Express

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 4,800 Sq Ft Lot
  • Fenced
  • Grass Covered Lot
  • Back Yard

Home Design

  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,552 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Security Lights
  • Washer and Dryer

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • On-Street Parking
  • Uncovered Parking
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Month-to-Month Lease Term
  • Renewal Option

Community Details

Overview

  • 3,552 Sq Ft Building

Amenities

  • Planned Social Activities
  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $100
  • Insurance Expense $500
  • Maintenance Expense $1,000
  • Manager Expense $100
  • Utility Expense $800
  • Trash Expense $400
  • Operating Expense $2,900
  • Gross Income $91,200

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Multiple Dwellings / Structures
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Min Numberof Unitsin Complex: 5
  • Structure Sq Ft: 3552
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 3552
  • Stories: 2
  • Security: Security Lights
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Rolled Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Low Maintenance

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Assigned Spaces, On Street, Parking Area, Uncovered Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • Complex Name: Otis Manor
  • HOA Amenities: Organized Activities

Schools

  • School District: Berkeley Unified

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1102
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4800.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month, Renewal Option, Security Deposit
  • Gross Rent Multiplier: 14.58
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 500
  • Expense Landscape: 100
  • Expense Maintenance: 1000
  • Expense Management: 100
  • Expenses Total: 2900
  • Expenses Utility: 800
  • Expense Trash: 400
  • Income Annual Gross: 91200.00
  • Income Annual Rental: 96000
  • Income Gross Scheduled: 96000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Heating
  • Vacancy Factor: 5

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

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Price Changed $1,399,999 -6.7% $394 / Sq Ft
04/19/2025 04/19/25 For Sale $1,499,999 -- $422 / Sq Ft
Source: MLSListings

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Source: MLSListings

MLS Number: ML82001772

MLSListings

California Alameda County Berkeley 94703 South Berkeley

2922 Otis St, Berkeley, CA

Homes for Sale in Berkeley, CA

This home is located at 2922 Otis St, Berkeley, CA 94703 and is currently priced at $1,399,999, approximately $394 per square foot. This property was built in 1961. 2922 Otis St is a home located in Alameda County with nearby schools including Malcolm X Elementary School, Emerson Elementary School, and John Muir Elementary School.

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Brian Wilson
Listing Agent
Brian Wilson
Section Image
Realty World-Relocation Express
(341) 237-3180