About this home

Four-Unit Value-Add Opportunity in Berkeleys West Berkeley Corridor! This uniform four-unit multifamily asset has four 1-bedroom, 1-bathroom apartments at 588 SF each (2,352 SF total) on a 0.12-acre lot, with four dedicated surface parking spaces. Three of the four units are leased (75% occupied), and the vacant unit lets a buyer set it at the $2,500 market rent on day one. In-place rents average ~$2,357 per unit, about 6% below market. In-place NOI of ~$69.6K (5.81% cap, 10.59 GRM) grows to a projected ~$76.3K stabilized NOI (6.37% pro forma cap, 9.98 GRM) as the building leases up and rents reach market. Electric and gas are individually metered, keeping owner-paid utilities low. Located along San Pablo Avenue, one of the East Bays most established residential and commercial corridors, near UC Berkeley, regional transit, and local dining and retail. Zoned C-W (West Berkeley Commercial). Priced at $1,198,000 ($299,500/unit, $509/SF).

Facts and features

Schools

• Rosa Parks Environmental Science Magnet School

  elementary · K-5 · 0.4 mi

  9

• Berkeley High School

  high · 9-12 · 1.1 mi

  9

• Martin Luther King Middle School

  middle · 6-8 · 1.5 mi

  9

• Nia House Learning Center

  elementary · PK-K · 0.3 mi

• Berkeley Arts Magnet at Whittier School

  elementary · K-5 · 1.5 mi

  10

• Ecole Bilingue De Berkelyey Middle School

  middle · 6-8 · 0.5 mi

Price history

• Nov 4, 2026 · Price Changed$1,098,000
• Oct 5, 2026 · Listed$1,198,000
• Mar 1, 2021 · Listing Removed—
• Feb 5, 2021 · Sold$908,000
• Nov 3, 2020 · Listed$1,075,000
• Nov 3, 2020 · Listed$1,075,000
• Jun 17, 2020 · Listing Removed—
• Jun 16, 2020 · Listing Removed$1,100,000

Tax history

• 2025$18,287 tax · $1,002,485 assessed
• 2024$16,036 tax · $982,837 assessed
• 2023$15,694 tax · $944,682 assessed
• 2022$15,388 tax · $926,160 assessed
• 2021$14,978 tax · $873,668 assessed
• 2020$23,391 tax · $864,711 assessed
• 2019$17,862 tax · $847,763 assessed
• 2018$18,438 tax · $831,145 assessed

Home value

$1,362,000

• Collateral Analytics$1,362,000
• Quantarium$1,028,377
• Cotality$1,630,200

Where it is