1239 Berkeley Way, Berkeley, California 94702, Berkeley, 94702 - 0 bed, 0 bath
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Berkeley, California 94702
This Quadruplex Residential Income Asset presents a High-Potential Investment Opportunity, listed at $1,395,000—positioned above the $1,251,457 Fair Market Value. While the property commands a premium, its Condition Rating of 4 is bolstered by a 2019 seismic retrofit and recent exterior paint. Located in a "Walker’s Paradise" near North Berkeley BART, this asset offers immediate cash flow from existing tenants. With its large lot and transit-oriented location, this is a stable, long-term acquisition ideal for Buy-and-Hold Investors or Portfolio Diversifiers seeking rental stability.
Property is moderate renovation needed.
Built in 1921, the property benefits from a 2019 seismic retrofit and recent exterior paint. However, the 'old world charm' description and lack of updated interior photos suggest that kitchens, baths, and primary systems are likely dated (over 20 years old) and will require modernization.
Situated near North Berkeley BART, shopping, and freeways, this property boasts a 'Walker’s Paradise' rating, ensuring high tenant demand and exceptional convenience.
The building was seismically retrofitted in 2019 and features a recently painted exterior, significantly reducing immediate maintenance concerns and enhancing structural integrity.
As a 2,784 sq. ft. quadruplex with existing 'great tenants,' this property offers immediate cash flow and long-term investment stability in a highly desirable rental market.
Built in 1921, the property may require ongoing specialized maintenance or updates to aging systems typical of vintage 'old world charm' homes.
The property is currently tenant-occupied with strict instructions not to disturb residents, which may complicate the showing process and limit immediate flexibility for owner-occupants.
Old world charm close to No. Berkeley Bart and shopping. Close to freeway. Mostly fenced garden. Great tenants. Extensive Seismic retrofit in 2019-20. Lot's of garden space surrounded by trees. Hardwood floors. Recently painted exterior. See confidential remarks for disclosures Call for showing. Lots of room for gardeners. Do not disturb tenants. Walkers paradise https://www.walkscore.com/score/1239-berkeley-way-berkeley-ca-94702
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,784 | 2,245.5 | 50% |
| Lot Size | 4,894 | 4,509.5 | 83% |
| Price | $1.18M | $1.00M | 67% |
| Price per sq ft | $423 | $350 | 50% |
| Built year | 1921 | 1938 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 64 | 17% |
May 20, 2026
$1,179,000
$1,395,000
-15% Price Drop
Initial Listing
May 13, 2026
$1,395,000
Initial Listing
Nov 3, 1998
$329,000
Public Record