
Berkeley, California 94708
This property presents a High-Potential Investment Opportunity with a List Price of $1,049,000—positioned well below the $1,302,301 Fair Market Value by 19%. This valuation gap offers $253,301 in Instant Equity. Featuring a Fair Condition Rating, the home includes a separate one-bedroom cottage and panoramic Bay views. While the Home Energy Score of 2 and non-conforming bath require attention, the layout is ideal for Buy-and-Hold Investors or Owner-Occupants seeking rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1076 Grizzly Peak Blvd Subject 2 bd · 2 ba · 1,497 sqft · $870 | $1,049,000* List Price | 2 | 2 | 1,497 | $870 | - |
A 98 Fairlawn Dr Sold 3 bd · 2 ba · 1,470 sqft · $830 · 0.5 mi | $1,220,000 | 3 | 2 | 1,470 | $830 | 0.5 mi |
B 1545 Summit Rd Sold 3 bd · 2 ba · 1,573 sqft · $855 · 0.9 mi | $1,345,000 | 3 | 2 | 1,573 | $855 | 0.9 mi |
C 870 Keeler Ave Sold 3 bd · 2 ba · 1,721 sqft · $668 · 0.4 mi | $1,150,000 | 3 | 2 | 1,721 | $668 | 0.4 mi |
D 1488 Summit Road Active 3 bd · 3 ba · 1,320 sqft · $758 · 0.8 mi | $999,999 List Price | 3 | 3 | 1,320 | $758 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, the home is functional but dated. While the kitchen has a newer stainless range, the cabinetry and bathrooms show significant age (likely >20-30 years). A Home Energy Score of 2 indicates outdated systems and insulation, and the presence of a 'non-conforming' bath suggests a need for permitted updates.
The inclusion of a separate one-bedroom cottage with its own kitchen and Bay views offers excellent opportunities for rental income, multi-generational living, or a dedicated creative studio.
Perched in the Berkeley Hills, the property features sweeping, unobstructed views of the San Francisco Bay, bridges, and city lights, significantly enhancing its long-term market appeal.
Situated just minutes from Tilden Park’s trails and the vibrant North Shattuck shopping district, the home offers a perfect blend of natural tranquility and urban accessibility.
With a Home Energy Score of 2, the property likely requires substantial investments in insulation and system upgrades to improve comfort and reduce high utility costs.
The downstairs bonus space features a non-conforming bathroom, which may require additional permitting or renovations to meet building codes and ensure full valuation.
Perched in the Berkeley Hills with sweeping views of the Bay, this rare offering pairs a main residence with separate cottage on one lot. The main house has all the warmth of a classic hillside home, with rich wood paneling, beautiful natural light, and real romantic charm. The main level offers two bedrooms and two bathrooms, and the living and dining areas flow easily into the kitchen, with plenty of built-ins along the way. Step out onto the deck, take in the view, and you'll understand right away why this spot is so special. Downstairs, a flexible bonus space with a non-conforming bath makes a great studio, office, or guest retreat. At street level, the separate one-bedroom cottage has Bay views of its own, along with a full kitchen and bath. It's a wonderful setup for visiting family and friends, creative work, or rental income. Lush plantings and a garden patio surround it all, and a covered carport and extra storage add everyday convenience. Tilden Park is just up the road for weekend hikes, and you're only minutes from downtown Berkeley, the shops and restaurants of North Shattuck, schools, and an easy commute to San Francisco. Opportunities like this don't come along often in the Berkeley Hills. Home Energy Score of 2.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,497 | 1,939.842 |
| Lot Size | 4,539 | 5,015.791 |
| Price | $1.05M | $1.78M |
| Price per sq ft | $701 | $1.0K |
| Built year | 1940 | 1925 |
| HOA | $0 | $443 |
| Days on market | 3 | 32 |
Oct 21, 2026
$1,049,000
Initial Listing
Oct 29, 2021
$1,235,000
Public Record