1207 University Ave, Berkeley, California 94702, Berkeley, 94702 - 0 bed, 0 bath
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Berkeley, California 94702
Analysis of 1207 University Ave, Berkeley, California 94702 is currently available with a list price of $8,195,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Berkeley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1943, the property has undergone extensive recent renovations. The units feature brand new kitchens with white shaker cabinets, quartz countertops, stainless steel appliances, and subway tile backsplashes. The interiors boast refinished hardwood floors, updated bathrooms, and modern lighting, placing it in the 'Excellent' category due to the comprehensive recent overhaul.
The property consists of seven separate fourplex parcels with individual APNs, allowing for 30-year residential financing and providing a streamlined path for future condo conversion.
Nineteen units are already fully renovated with high-end finishes and in-unit laundry, while separate metering for PG&E and water significantly reduces landlord utility expenses.
With 48 total parking spaces for 28 units, the property offers a rare 1.7:1 parking ratio in a high-density transit corridor, a highly desirable amenity for Berkeley tenants.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =41108, other record lot size in square feet = 5478.
Nine units remain in unrenovated condition, requiring additional capital expenditure and management oversight to achieve market-rate rents across the entire portfolio.
Originally constructed in 1943, the property may require ongoing maintenance or significant upgrades to core mechanical and structural systems typical of older Berkeley assets.
Seven Fourplexes Each with a Separate APN; Perfect For Condo Conversion; Separately Metered For PG&E and Water, and Easy & Cost Free Landscaping; 19 Units Already Renovated with Brand New Kitchens, Bathrooms, Appliances and W/D; 20 Garage Spaces and 28 Assigned Surface Spaces, Offering Dedicated Parking for Every Unit-Highly Desirable Amenity; Seven Fourplex Parcels Allows For 30 Year Residential Financing & Lower Insurance Costs; Strategically Positioned Along University Avenue, One of Berkeley’s Primary Retail and Transit Corridors, The Sequoia Provides Direct Access to UCB; Email Pinza Group For a Complete Marketing Package!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,352 | 2,392 |
| Lot Size | 41,108 | 5,520 |
| Price | $8.20M | $1.19M |
| Price per sq ft | $3.5K | $542 |
| Built year | 1943 | 1924 |
| HOA | $0 | $0 |
| Days on market | 26 | 48 |
Jun 26, 2026
$8,195,000
Initial Listing
Jul 2, 2021
$7,200,000
Public Record
Sep 15, 2000
$250,000
Public Record