1268 Alcatraz Ave, Berkeley, California 94702, Berkeley, 94702 - 0 bed, 0 bath
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Berkeley, California 94702
This versatile duplex represents a Strong Value Opportunity, listed at $1,095,000—positioned above the $996,493 Fair Market Value. While priced at a premium, the property features R-2 Zoning and an expansive 5,500 sqft lot, offering significant development potential. With a Condition Rating of 3, the updated lower unit provides immediate rental income, while the spacious upper unit offers a value-add renovation project. Boasting a 90 Walk Score near BART, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a transit-oriented property with long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1268 Alcatraz Ave Subject | $1,095,000* List Price | 0 | 0 | 2,850 | $350 | - |
A 1236 Ashby Ave Sold | $880,000 | 0 | 0 | 3,188 | $276 | 0.4 mi |
B 1241 1241b Ashby Ave Pending | $899,000 List Price | 0 | 0 | 0 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1907, this duplex is well-maintained and move-in ready. The lower unit features a recent renovation (likely <10 years) with a modern kitchen, stainless steel appliances, and LED lighting. While the upper unit and some systems like wall heaters appear more dated (Fair condition), the overall property is functional and shows significant recent investment in the lower level and exterior.
The property features R-2 zoning on an expansive 5,500 sqft lot with significant rear space, offering rare opportunities for expansion or additional dwelling units.
With a 90 Walk Score and immediate proximity to BART and TransBay bus routes, the property is perfectly positioned for high rental demand and commuter convenience.
The duplex layout includes a beautifully updated lower unit and a massive 4+ bedroom upper unit, providing exceptional flexibility for owner-occupants or investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5500, other record lot size in square feet = 2500.
Built in 1907, the property likely requires ongoing maintenance and potential upgrades to century-old mechanical and structural systems.
While the lower unit is modern and refreshed, the upper unit may require further capital investment to match the contemporary finishes and maximize market rent.
This versatile Southwest Berkeley duplex presents an exceptional opportunity for owner-occupants and investors alike. Situated on a large shared lot with R-2 zoning, this property offers incredible flexibility and even possible development potential. The lower unit (approx. 1,181 sqft) is beautifully updated, featuring a refreshed kitchen with stainless steel appliances, and a breakfast bar with island seating. Modern comforts include LED lighting and a primary bedroom with an en-suite bath. The upstairs unit (approx. 2,013 sqft) boasts high ceilings and an abundance of natural light throughout its spacious four + bedroom, three bathroom layout. The expansive yard is a true highlight of this property; an oasis complete with a large lawn, low-maintenance landscaping, garden beds, and even a chicken coop. With significant room in the rear, there is intriguing potential for further development. Ideally located with a 90 Walk Score, residents enjoy effortless access to local cafés, parks, and public transit. Commuting is a breeze with proximity to BART, TransBay bus and other transportation routes. Experience the best of East Bay living and investment in a vibrant, transit-friendly neighborhood while building long-term equity. BESO Score 1.
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 | 2,850 | 2,278.5 | 50% |
| Lot Size | 5,500 | 4,509.5 | 83% |
| Price | $1.09M | $1.00M | 67% |
| Price per sq ft | $384 | $330 | 50% |
| Built year | 1907 | 1938 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 64 | 17% |
May 13, 2026
$1,095,000
Initial Listing
Oct 24, 2013
$576,000
Public Record
Apr 20, 2010
$350,000
Public Record