Seller's Agent in 2022
Keith Manson
Cushman & Wakefield
(415) 244-6300
38 Total Sales
951 University Ave Berkeley, CA 94710
18
Beds
--
Bath
9,722
Sq Ft
10,202
Sq Ft Lot
Highlights
- Enclosed Patio or Porch
- 16 Car Attached Garage
- Security Gate
- Rosa Parks Elementary School Rated A
- Double Pane Windows
- Video Cameras
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 #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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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® MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Keith Manson
-
Zachary Greenwood
Seller Co-Listing Agent in 2022
Zachary Greenwood
Cushman & Wakefield
(559) 930-1770
33 Total Sales
-
N
Buyer's Agent in 2022
Non Member Sales
Non Multiple Participant
Map
Source: San Francisco Association of REALTORS® MLS
MLS Number: 422680865
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Information is deemed reliable but not guaranteed.
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