
Berkeley, California 94706
This Charming Berkeley Bungalow represents a High-Potential Investment Opportunity, listed at $869,000—positioned well below the $1,138,330 Fair Market Value by 23%. This significant valuation gap offers $269,330 in Instant Equity. Featuring a Condition Rating of 3, the home includes a versatile backyard studio and loft-like primary suite. Its prime Westbrae location near the Ohlone Greenway and BART ensures strong long-term demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate value in a coveted neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1204 Neilson St Subject | $869,000* List Price | 2 | 2 | 990 | $1,150 | - |
A 1066 1066 Peralta Ave Sold | $1,081,066 | 2 | 2 | 1,034 | $1,046 | 0.1 mi |
B 820 Madison St Sold | $875,000 | 2 | 1 | 819 | $1,068 | 0.9 mi |
C 904 Solano Avenue Sold | $1,022,500 | 2 | 2 | 980 | $1,043 | 0.9 mi |
D 621 Kains Ave Active | $950,000 List Price | 2 | 2 | 1,003 | $947 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1938, the property is well-maintained and move-in ready. The kitchen and bathrooms have been updated with functional finishes like butcher-block and tile, likely within the 5-15 year range. The interior features clean hardwood floors, a modern loft conversion, and a BESO score of 6, indicating functional systems and no immediate need for major repairs.
The property boasts an exceptional walkability score, located just one block from popular local amenities like Berkeley Natural Grocery, North Berkeley BART, and the Ohlone Greenway.
Beyond the primary bedrooms, the home includes a dedicated office/nursery and a separate backyard studio building, providing essential flexibility for remote work or creative pursuits.
The interior offers a rare 'beach cottage' aesthetic featuring soaring wood-beamed ceilings, a loft-like upper level, and a private balcony that differentiates it from standard area bungalows.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 990, other record living area = 928.
At just 990 square feet on a 2,500 square foot lot, the property's compact footprint may be a constraint for growing families or those requiring larger entertaining spaces.
Built in 1938, the home may present maintenance challenges typical of older residences, and the BESO score of 6 suggests room for improvement in energy efficiency.
Welcome to 1204 Neilson St, a 2 plus bedroom, 1 plus bath, Berkeley bungalow, that surprises and delights, and epitomizes charming. Traditional on the exterior as well as on the main level, yet the upper level is loft-like, rustic and expansive. The feeling of being in a beach cottage is evident throughout. The home invites you to sit back and relax. It is warm, cozy and cool. The main level features a spacious living room with hardwood floors, and a large front window, a charming eat-in kitchen with tile and butcher-block countertops and a wood beamed ceiling, a sun-filled bedroom with a huge closet, a full bath and a laundry area. The upper level has a soaring wood beamed ceiling, a large primary bedroom with a private balcony and en suite half bath, and an office with a built-in desk and shelving. The office could serve as a nursery, a hobby room or more. The magical, lush backyard and large platform deck are an outdoor oasis and the sweet backyard building* is the perfect spot to practice yoga, paint, write a book, work from home, or whatever your heart desires. The block is coveted by the owners and all its residents and the location is a dream. One block away are a plethora of wonderful restaurants and shops, including Berkeley Natural Grocery, Adega Azul, Headlands Biergaten, Berkeley Bagel, Coffee Conscious, Kiku Sushi, Praaw Thai and more. A new Spanish Tapas restaurant, Meso’n, is scheduled to open soon in the neighborhood, as well. Other nearby amenities include The Ohlone Greenway, North Berkeley BART, Terrace Park and The Gilman District. Home energy score of 6.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 990 | 2,021.606 |
| Lot Size | 2,500 | 5,060.038 |
| Price | $869.0K | $1.75M |
| Price per sq ft | $878 | $1.0K |
| Built year | 1938 | 1926 |
| HOA | $0 | $549 |
| Days on market | 15 | 31 |
Aug 25, 2026
$869,000
Initial Listing
Jun 21, 2013
$730,000
Public Record
Jul 27, 2004
$514,000
Public Record
Jun 15, 2001
$375,000
Public Record
Aug 31, 1999
$351,500
Public Record