NOT LISTED FOR SALE

Estimated Value: $1,439,150

8 Beds
4 Baths
2,566 Sq Ft
$561/Sq Ft Est. Value

Sale Details

Date Sold: July 30, 2021

Last sale price $1,450,000 $565 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $10,111 / mo

29 Days on Market

Highlights

  • Corner Lot
  • Video Cameras
  • Tile Flooring
  • No HOA
  • Tankless Water Heater
  • Ceiling Fan

About This Home

As of July 2021

Cash-flowing, tenant occupied 4-plex in Southwest Berkeley. Please contact listing broker for marketing package Strong in-place rents, $117k in GSI, 5.28% CAP, 12.7 GRM, 4.5% Cash on Cash @ 25% down. Close to Fourth Street shops, the Berkeley Marina and Emeryville Public Market. All units are 2-bedroom, 1-bath and have tenants who care about their surroundings. Light is great throughout the building and is beautifully maintained, features an outdoor charming garden patch, parking for each unit and Unit 897 enjoys their own private patio! Neighborhood amenities: 1.5 mi to Downtown Berkeley, 5 min drive to hwy 80 for a convenient 20 min commute to downtown SF, transit across the street to take you to UC Berkeley campus. Very close to University Ave, schools, parks, shopping and restaurants, 83 Walkscore. Units rent quickly and command top rents! Amazing investment opportunity for cash flow and appreciation for first time and savvy investors alike.

Last Agent to Sell the Property

Vince Young

Madison Hunter License #DRE #01898614 Listed on: 05/24/2021

Last Buyer's Agent

Sherry Lau

EXP Realty of California, Inc License #02087010

EXP Realty of California, Inc
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,373 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Bitumen Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,566 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Video Cameras
  • Free-Standing Electric Range

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 0561940015

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

4,373 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Property Condition: Varies By Unit
  • Levels: Two
  • Stories: 2
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Appliances: Free Standing Electric Range, Free Standing Refrigerator, Tankless Water Heater, Varies By Unit
  • Flooring: Carpet, Laminate, Simulated Wood, Tile, Varies By Unit, Vinyl
  • Price Per Square Foot: 565.08
  • Square Footage: 2566

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Concrete Perimeter
  • Roof: Bitumen

Garage/Parking

  • Parking Features: Off Street, Uncovered
  • Total Parking Spaces: 4

Utilities

  • Cooling: Ceiling Fan(s), Varies By Unit
  • Heating: Varies By Unit, Wall Furnace
  • Security Features: Video System
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 0561940015
  • Lot Features: Corner
  • Lot Size Acres: 0.1004
  • Lot Size Sq Ft: 4373
  • Lot Size Units: SqFt
  • Price Per Acre: 14442231.08

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Cable TV, Electricity, Gas
  • Units Furnished: None

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Rent Multiplier: 13.38
  • Number Of2 Bedrooms Occupied: 4
  • Number Of Units Leased: 4
  • Separate Meters: Electricity, Gas

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Jul 28, 2021
Sold by
Bought by
Seller's Agent
Vince Young
Madison Hunter
Buyer's Agent
Sherry Lau
EXP Realty of California, Inc
List Price
$1,575,000
Sold Price
$1,450,000
Premium/Discount to List
-$125,000
-7.94%
Current Estimated Value
$1,439,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,850
Avg. Annual Appreciation
-0.15%
Original Mortgage
$1,087,500
Outstanding Balance
$967,799
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$471,351

Purchase Details

Closed on
Jun 12, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,650
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,750
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,400
Interest Rate
8.62%

Purchase Details

Closed on
Jul 17, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in West Berkeley, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,450,000 First American Title Company
$1,310,000 Chicago Title Company
-- Chicago Title Company
-- None Available
-- Alliance Title Company
$408,000 Commonwealth Land Title Co
$255,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,087,500
Previous Owner $815,650
Previous Owner $581,750
Previous Owner $378,000
Previous Owner $378,000
Previous Owner $326,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/30/2021 07/30/21 Sold $1,450,000 -3.0% $565 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/17/2021 06/17/21 Price Changed $1,495,000 -5.1% $583 / Sq Ft
05/24/2021 05/24/21 For Sale $1,575,000 -- $614 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $26,217 $1,569,508 $470,852 $1,098,656
2025 $26,217 $1,538,740 $461,622 $1,077,118
2024 $23,829 $1,508,580 $452,574 $1,056,006
2023 $23,336 $1,479,000 $443,700 $1,035,300
2022 $22,914 $1,450,000 $435,000 $1,015,000
2021 $22,753 $1,404,568 $546,816 $857,752
2020 $21,501 $1,390,172 $541,212 $848,960
2019 $20,625 $1,362,924 $530,604 $832,320
2018 $20,280 $1,336,200 $520,200 $816,000
2017 $10,118 $529,697 $158,909 $370,788
2016 $9,645 $519,314 $155,794 $363,520
2015 $9,497 $511,517 $153,455 $358,062
2014 $9,639 $501,500 $150,450 $351,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 421553751

San Francisco Association of REALTORS®

APN: 056-1940-015-02

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