NOT LISTED FOR SALE

2937 Regent St Berkeley, CA 94705

Elmwood Neighborhood

Estimated Value: $1,387,239 - $1,640,000

4 Beds
2 Baths
2,192 Sq Ft
$678/Sq Ft Est. Value

Last Sold March 27, 2025

Last sale price $1,499,000 $684 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $9,313/month

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

Year Built

  • 1923

Lot Details

  • 2,701

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

Year Built

1923

Lot Details

0

Parking

1

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • 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

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
$1,485,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,440
Avg. Annual Appreciation
-1.19%
Original Mortgage
$1,124,250
Outstanding Balance
$1,118,496
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$367,064

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
$1,118,496
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$367,064

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

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
Iyer Rajalakshmi $1,499,000 Old Republic Title Company
Iyer Rajalakshmi -- Old Republic Title Company
Lin Qiao Yi -- Chicago Title
Lin Qiao Yi $1,200,000 Chicago Title
Lawrence Cheung Trust -- None Listed On Document
Tai Cassidy -- None Listed On Document
Cheung Lawrence -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iyer Rajalakshmi $1,124,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

  • Gloria Chun

    Seller's Agent in 2025

    Gloria Chun

    RE/MAX

    (510) 560-5666

    1 in this area

    206 Total Sales

    Gloria Chun
    Section Image

  • G

    Buyer's Agent in 2025

    Gurinder Bains

    Paramount Realty

    (510) 364-6161

    1 in this area

    7 Total Sales

    Gurinder Bains
    Section Image
  • Rephina Louie

    Seller's Agent in 2023

    Rephina Louie

    New Eagle Real Estate Group

    (415) 298-0280

    1 in this area

    21 Total Sales

    Rephina Louie
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member Sales

    Non Multiple Participant

See All Agents

Map

Source: MLSListings

MLS Number: ML81990599

MLSListings

APN: 052-1570-018-00

California Alameda County Berkeley 94705 Elmwood

2937 Regent St, Berkeley, CA

Not Listed for Sale

MultiFamily

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