Seller's Agent in 2022
Keith Manson
Cushman & Wakefield
(415) 244-6300
1 in this area
40 Total Sales
951 University Ave Berkeley, CA 94710
West Berkeley Neighborhood
18
Beds
--
Bath
9,722
Sq Ft
10,202
Sq Ft Lot
Highlights
- 0.23 Acre Lot
- Enclosed Patio or Porch
- Double Pane Windows
- Rosa Parks Elementary School Rated A
- 16 Car Attached Garage
- Security Gate
About This Home
As of August 2022University Terrace is a beautifully renovated 10-unit apartmentcomplex located in NW Berkeley 4 blocksfrom 4th St, one of the most highly sought after retail corridors on the West Coast. Located at 933-951 University Ave the building is 9,722 SF is on a 10,200 SF lot On University Ave between 8th St & 9th St. The property is comprised of 8 X 2-bed townhome units and 2 X 1-bedroom units that are all individually metered for water/sewer, gas & electric leaving few operating expenses for the owner to pay for. The property just underwent a beautiful & extensive exterior & interior renovation. 6 of 10 of the units have been renovated down to the studs with high-end, condo-quality finishes. The six renovated units were recently put on the market for rent & were all leased within approximately 1 week at an avg. rent of $3,862 with no concessions offered. With the achieved rents, the in-place CAP rate is at 5.04% and there are still 4 unrenovated units providing further upside potential.
Last Agent to Sell the Property
Cushman & Wakefield License #DRE #01490046 Listed on: 07/21/2022
Last Buyer's Agent
Non Member Sales
Non Multiple Participant
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 1954 | Remodeled
Lot Details
- 10,202
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 9,722 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Vinyl Flooring
- Laundry in unit
Kitchen
- Free-Standing Gas Oven
- Self-Cleaning Oven
- Free-Standing Gas Range
- Microwave
- Free-Standing Freezer
- Dishwasher
- Disposal
Home Security
- Security Lights
- Security Gate
- Video Cameras
Parking
- 16 Car Attached Garage
- Uncovered Parking
Utilities
- Wall Furnace
- Heating System Uses Gas
- Separate Meters
- Gas Water Heater
Additional Features
- Enclosed Patio or Porch
- Security Fence
Listing and Financial Details
- Tenant pays for electricity, gas, sewer, water
- Assessor Parcel Number 057-2092-010
Community Details
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- 10 Units
- 10 Leased Units
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/30/2022 08/30/22 | Sold | $4,515,000 | -1.1% | $464 / Sq Ft |
| 08/12/2022 08/12/22 | Pending | -- | -- | -- |
| 07/21/2022 07/21/22 | For Sale | $4,565,000 | -- | $470 / Sq Ft |
Source: San Francisco Association of REALTORS®
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 | $65,604 | $3,785,475 | $900,000 | $2,885,475 |
| 2024 | $65,604 | $3,900,000 | $1,000,000 | $2,900,000 |
| 2023 | $64,303 | $4,515,000 | $1,000,000 | $3,515,000 |
| 2022 | $34,732 | $1,840,275 | $756,391 | $1,083,884 |
| 2021 | $34,626 | $2,027,792 | $808,288 | $1,219,504 |
| 2020 | $32,679 | $2,009,100 | $800,000 | $1,209,100 |
| 2019 | $9,754 | $204,308 | $63,300 | $141,008 |
| 2018 | $9,457 | $200,554 | $62,059 | $138,495 |
| 2017 | $8,901 | $196,407 | $60,842 | $135,565 |
| 2016 | $8,246 | $192,581 | $59,649 | $132,932 |
| 2015 | $8,070 | $188,867 | $58,753 | $130,114 |
| 2014 | $7,994 | $185,190 | $57,602 | $127,588 |
Source: Public Records
Agents Affiliated with this Home
-
Keith Manson
-
Zachary Greenwood
Seller Co-Listing Agent in 2022
Zachary Greenwood
Cushman & Wakefield
(559) 930-1770
1 in this area
34 Total Sales
-
N
Buyer's Agent in 2022
Non Member Sales
Non Multiple Participant
Map
Source: San Francisco Association of REALTORS®
MLS Number: 422680865
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