NOT LISTED FOR SALE

968 Addison St Berkeley, CA 94710

West Berkeley Neighborhood
-- Bed
-- Bath
11,480 Sq Ft
0.46 Acres

Last Sold January 12, 2020

Last sale price $4,045,000 $352 Per Sq Ft

157 Days on Market

Highlights

  • 0.46 Acre Lot
  • No HOA
  • Wall Furnace
  • Rosa Parks Elementary School Rated A
  • Views
  • 3-minute walk to George Florence Mini Park

About This Home

As of January 2020

Over 8% Cap Rate on Market Rents! 4.7% Cap Rate Day 1! 18 units in West Berkeley with huge upside potential. Situated on nearly half an acre and with one to one parking, this property offers tremendous intrinsic value with long term development potential. 968 Addison Street consists of twelve (12) 1-bed 1-bath units and six (6) 2-bed 1-bath units. Six of the units have recently been fully remodeled all the way down to the studs. With a market cap rate of over 8%, this building provides long term upside for future owner. The property is also located in an Economic Opportunity Zone.

Last Listed By

Grant Chappell

Nai Northern California License #01700439 Listed on: 06/19/2019

Nai Northern California

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1943

Lot Details

  • 0.46 Acre Lot

Parking

  • Parking Lot

Home Design

  • Shingle Roof

Utilities

  • No Cooling
  • Wall Furnace

Additional Features

  • Property Views

Community Details

  • No Home Owners Association
  • 11,480 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Apartment

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Year Built: 1943
  • Property Sub Type: Apt Complex
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.46
  • Co List Office Mls Id: OBOJMTB
  • Directions: BTWN Eighth & Ninth St
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: None
  • Special Features: None

Interior Features

  • Flooring: Other
  • Basement: None
  • Other Equipment: None
  • Accessibility Features: Other
  • Interior Amenities: Other

Exterior Features

  • Roof: Shingle
  • Lot Features: Other
  • View: Other
  • View: Yes
  • Construction Type: None

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Wall Furnace
  • Utilities: Other Water/Sewer
  • Cooling: None
  • Laundry Features: Other
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Other

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 20000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 4232.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $4,045,000 -- --
01/12/2020 01/12/20 Sold $4,045,000 -4.8% $352 / Sq Ft
11/23/2019 11/23/19 Pending -- -- --
09/25/2019 09/25/19 For Sale $4,250,000 0.0% $370 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $4,250,000 -- $370 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Grant Chappell

    Seller's Agent in 2020

    Grant Chappell

    Nai Northern California

    (510) 336-4721

    3 in this area

    31 Total Sales

    Grant Chappell
    Section Image
  • John Caronna

    Seller Co-Listing Agent in 2020

    John Caronna

    Nai Northern California

    (415) 531-5225

    Section Image
  • Robert Johnston

    Buyer's Agent in 2020

    Robert Johnston

    Marcus & Millichap

    (650) 391-1744

    136 Total Sales

    Robert Johnston
    Section Image
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Map

Source: bridgeMLS

MLS Number: 40870749

bridgeMLS

California Alameda County Berkeley 94710 West Berkeley

968 Addison St, Berkeley, CA

Homes for Sale in Berkeley, CA

This home is located at 968 Addison St, Berkeley, CA 94710 since 19 June 2019. This property was built in 1943. 968 Addison St is a home located in Alameda County with nearby schools including Rosa Parks Elementary School, Ruth Acty Elementary, and Berkeley Arts Magnet at Whittier School.

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