Seller's Agent in 2022
Keith Manson
Cushman & Wakefield
(415) 244-6300
1 in this area
35 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
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 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
31 Total Sales
-
N
Buyer's Agent in 2022
Non Member Sales
Non Multiple Participant
Map
Source: San Francisco Association of REALTORS®
MLS Number: 422680865
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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Information is deemed reliable but not guaranteed.
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