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Off market
  • $1,886,500

    1245 Berkeley Way, Berkeley, CA 94702

    2beds
    4baths
    2,429sqft
    MultiFamily
    Built in 1898
    -- sqft lot
    $1,886,500 Zestimate®
    $777/sqft
    $3,714 Estimated rent

    Home value

    $1,886,500

    $1.66M - $2.13M

    $3,714/mo

    Zestimate® history
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    $3,714/mo

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    $12,043/mo

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    $12,043/mo

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    What's special

    Travel seven minutes by bicycle to the west, and you'll find yourself at Berkeley's beautiful waterfront--seven minutes to the east, and you'll arrive at prestigious UC Berkeley. Such access to amazing amenities in an urban setting is hard to find, and it's one of the many things that make 1245 Berkeley Way so special. This 4-unit (2, 1BR and 2 Studios, all with updated kitchens and bathrooms) investment opportunity sits on an impressive 7,900 square-foot lot that features verdant, mature landscaping as well as a 2-car garage that's ripe for AUD redevelopment. The building is currently leased to four, quality tenants, grossing the current owners $10,000 per month in revenue. Should any of these tenants move out though, close proximity to popular grocery stores (Trader Joe's), major retailers (Target), essential public transit (North Berkeley BART), and entertaining nightlife mean any future vacancies will be short lived.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 4
    Heating
    • Wall, Gas
    Cooling
    • Central
    Appliances
    • Laundry: In Unit
    Features
    • Updated Baths, Updated Kitchen
    • Flooring: Tile, Hardwood
    Interior area
    • Total interior livable area: 2,429 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage - Detached
    Features
    • Exterior features: Wood
    Lot
    • Size: 7,880 Square Feet
    • Features: Regular
    Details
    • Parcel number: 57208116

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • wood frame
    • Roof: Composition
    Condition
    • Year built: 1898

    Utilities & green energy

    • Water: Public

    Community & HOA

    Location
    • Region: Berkeley

    Financial & listing details

    • Price per square foot: $777/sqft
    • Tax assessed value: $1,829,288
    • Annual tax amount: $31,945
    • Lease term: 12 Months
    • Total actual rent: 10105
    • Tenant pays: Electricity, Gas, Water, Trash Collection, Parking Fee

    Price history

    DateEventPrice
    8/31/2020Sold$1,690,000-0.6%$696/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #40912938 Report a problem
    8/5/2020Pending sale$1,700,000$700/sqft
    Source: KELLER WILLIAMS REALTY #40912938 Report a problem
    7/18/2020Listed for sale$1,700,000+5.6%$700/sqft
    Source: KELLER WILLIAMS REALTY #40912938 Report a problem
    8/7/2017Sold$1,610,000+15.4%$663/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #40786276 Report a problem
    7/9/2017Pending sale$1,395,000$574/sqft
    Source: Pacific Union International Inc. #40786276 Report a problem
    6/20/2017Listed for sale$1,395,000$574/sqft
    Source: PACIFIC UNION INTERNATIONAL #40786276 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$31,945 +9%$1,829,288 +2%
    2024$29,319 +2.9%$1,793,427 +2%
    2023$28,494 +2.6%$1,758,275 +2%
    2022$27,773 -6.3%$1,723,800 +2%
    2021$29,648 +11.5%$1,690,000 +0.9%
    2020$26,589 +3.4%$1,675,044 +2%
    2019$25,723 +328.7%$1,642,200 +2%
    2018$5,999 $1,610,000 +2259.5%
    2017$5,999 +8.1%$68,236 +2%
    2016$5,549 +4.7%$66,897 +1.5%
    2015$5,301 $65,893 +2%
    2014$5,301 $64,602 +0.5%
    2013-- $64,311 +2%
    2012-- $63,049 +2%
    2011-- $61,814 +0.8%
    2010-- $61,351 -0.2%
    2009-- $61,497 +2%
    2008-- $60,291 +2%
    2007-- $59,110 +2%
    2006-- $57,950 +2%
    2005-- $56,815 +2%
    2004-- $55,701 +1.9%
    2003-- $54,680 +2%
    2002-- $53,608 +2%
    2001$2,882 $52,557
    Find assessor info on the county website

    Neighborhood: North Berkeley

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,886,500
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    Estimated market value
    $1,886,500