$1,499,000
SOLD MAR 27, 2025
4 Beds
2 Baths
2,192 Sq Ft
2,701 Sq Ft Lot

Recently Sold

$684 Per Sq Ft

49 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating System
  • 1-minute walk to Bateman Park
  • Emerson Elementary School Rated A

About This Home

As of March 2025

Looking for a high cash-flow investment with incredible potential. Don't miss this all-vacant duplex, each unit offering 2 bedrooms and 1 bathroom! The property features separate electric and gas meters, private entrances, and has been fully remodeled with new kitchen cabinets, modern appliances, hardwood flooring, and fresh interior paint. Each unit includes a spacious living room, formal dining area, two generous bedrooms, and a full bathroom, along with in-unit laundry setups. The property also offers a long driveway for ample parking and a low-maintenance backyard. Plus, there Is potential to convert the garage into an ADU, just check with the Berkeley planning department for details. Located within walking distance of UC Berkeley, this is an ideal investment opportunity!

Last Agent to Sell the Property

Gloria Chun

RE/MAX Accord License #02084703 Listed on: 01/16/2025

RE/MAX Accord

Last Buyer's Agent

Gurinder Bains

Paramount Realty License #01346855

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,357

Year Built

  • 1923

Parking

  • 1 Car Detached Garage
  • 1 Carport Space

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,192 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Additional Features

  • 2,701 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2,192 Sq Ft Building
  • Gross Income $88,464

Listing and Financial Details

  • Total Actual Rent $91,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,357

Year Built

1923

Lot Details

0

Parking

1

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 102
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2192
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Living Sq Ft: 2192
  • Stories: 2

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Detached Garage
  • Carport Min: 1

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Berkeley Unified

Lot Info

  • Lot Acres: 0.0620
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2700.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2700.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 16.44

Multi Family

  • Utilities: Public Utilities
  • Income Annual Gross: 88464.00
  • Income Annual Rental: 91200
  • Income Gross Scheduled: 91200
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2025
Closed on
Mar 24, 2025
Sold by
Lin Qiao Yi and Wu Xi Zhu
Bought by
Iyer Rajalakshmi
Seller's Agent
Gloria Chun
RE/MAX Accord
Buyer's Agent
Gurinder Bains
Paramount Realty
List Price
$1,499,000
Sold Price
$1,499,000
Views
88
Current Estimated Value
$1,498,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$987
Avg. Annual Appreciation
-0.44%
Original Mortgage
$1,124,250
Outstanding Balance
$1,120,436
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$376,077

Purchase Details

Listed on
Jan 16, 2025
Closed on
Mar 12, 2025
Sold by
Mathrubutham Umamaheshwar
Bought by
Iyer Rajalakshmi
Seller's Agent
Gloria Chun
RE/MAX Accord
Buyer's Agent
Gurinder Bains
Paramount Realty
List Price
$1,499,000
Sold Price
$1,499,000
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,124,250
Outstanding Balance
$1,120,436
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$376,077

Purchase Details

Listed on
Sep 16, 2023
Closed on
Oct 10, 2023
Sold by
Wu Jie Neng
Bought by
Lin Qiao Yi
Seller's Agent
Rephina Louie
New Eagle Real Estate Group
Buyer's Agent
Non Member Sales
Non Multiple Participant
List Price
$1,288,000
Sold Price
$1,200,000
Premium/Discount to List
-$88,000
-6.83%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.58%

Purchase Details

Listed on
Sep 16, 2023
Closed on
Sep 28, 2023
Sold by
Cassidy Tai
Bought by
Lawrence Cheung Trust and Cheung
Seller's Agent
Rephina Louie
New Eagle Real Estate Group
Buyer's Agent
Non Member Sales
Non Multiple Participant
List Price
$1,288,000
Sold Price
$1,200,000
Premium/Discount to List
-$88,000
-6.83%
Views
27

Purchase Details

Listed on
Sep 16, 2023
Closed on
Sep 15, 2023
Sold by
Lawrence Cheung Trust
Bought by
Tai Cassidy
Seller's Agent
Rephina Louie
New Eagle Real Estate Group
Buyer's Agent
Non Member Sales
Non Multiple Participant
List Price
$1,288,000
Sold Price
$1,200,000
Premium/Discount to List
-$88,000
-6.83%
Views
27

Purchase Details

Closed on
Dec 20, 2010
Sold by
Cheung Lawrence
Bought by
Cheung Lawrence and Lawrence Cheung Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,499,000 Old Republic Title Company
Quit Claim Deed -- Old Republic Title Company
Deed -- Chicago Title
Grant Deed $1,200,000 Chicago Title
Gift Deed -- None Listed On Document
Gift Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,124,250 New Conventional
Previous Owner $70,000 Unknown
Previous Owner $300,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 Sold $1,499,000 0.0% $684 / Sq Ft
03/07/2025 03/07/25 Pending -- -- --
01/16/2025 01/16/25 For Sale $1,499,000 +24.9% $684 / Sq Ft
10/16/2023 10/16/23 Sold $1,200,000 -6.8% $547 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
09/16/2023 09/16/23 For Sale $1,288,000 -- $588 / 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 $18,357 $1,224,000 $367,200 $856,800
2024 $18,357 $1,200,000 $360,000 $840,000
2023 $10,070 $433,402 $130,020 $303,382
2022 $10,289 $417,905 $127,471 $297,434
2021 $10,271 $409,574 $124,972 $291,602
2020 $9,661 $412,304 $123,691 $288,613
2019 $9,186 $404,220 $121,266 $282,954
2018 $8,964 $396,294 $118,888 $277,406
2017 $8,642 $388,524 $116,557 $271,967
2016 $8,255 $380,908 $114,272 $266,636
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81990599

MLSListings

APN: 052-1570-018-00