1316 Peralta Ave, Berkeley, California 94702, Berkeley, 94702 - 2 bed, 1 bath
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Berkeley, California 94702
This 1906 bungalow represents a High-Potential Investment Opportunity, listed at $899,000—positioned well above the $761,988 Fair Market Value by -17%. While the property requires modernization given its Fair Condition Rating, the inclusion of a detached unpermitted ADU offers significant rental income potential. Located in a prime North Berkeley neighborhood with access to top-rated schools like Albany Middle and High, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the property's expansion potential and walkability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1316 Peralta Ave Subject | $899,000* List Price | 2 | 1 | 702 | $1,085 | - |
A 1339 Kains Ave Sold | $850,000 | 3 | 1 | 882 | $964 | 0.3 mi |
B 1175 Camelia St Pending | $899,000 List Price | 2 | 1 | 967 | $930 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1906 and held by the same owner for over 40 years, the property is functional but dated. The kitchen features mismatched cabinetry and older appliances, and the bathroom is basic. While livable, the listing's emphasis on 'restoration' and 'potential' indicates that systems and finishes are likely over 20 years old and require modernization.
Middle School: Albany Middle School (9/10). High School: Albany High School (9/10).
Situated in a highly walkable 'A+' neighborhood, the property is just blocks from local amenities and top-rated schools like Jefferson Elementary, offering an ideal urban-suburban lifestyle.
The detached ADU provides a unique opportunity for rental income, a home office, or guest quarters, offering significant future upside and versatility for the next owner.
With only 702 square feet of living space in the main home, the property may feel constrained for buyers requiring more substantial indoor room or larger bedrooms.
The detached ADU is currently unpermitted, which may present challenges with financing, insurance, or the additional costs required to bring the unit up to modern building codes.
Welcome to 1316 Peralta Ave, a rare opportunity in one of North Berkeley’s most sought-after neighborhoods. Offered for the first time in over 40 years, this charming single-story bungalow blends character, location, and future potential in a truly exceptional setting. Ideally situated just blocks from local favorites including coffee shops, restaurants, and grocery stores, this home offers the walkability and lifestyle buyers dream about. Whether enjoying a morning stroll for coffee, dining out nearby, or taking advantage of the highly regarded Berkeley schools, the location speaks for itself. The main home features 2 bedrooms, 1 bathroom, and approximately 702 sq ft of living space filled with warmth and opportunity. A detached unpermitted ADU has previously served as an income-producing unit offers future upside for the next owner. Seller believes the structure may have potential to be grandfathered in with minor modifications, presenting an exciting possibility for additional living space, rental income, guest quarters, or a home office. Whether you are looking to restore, invest, expand, or simply enjoy the unbeatable North Berkeley lifestyle, 1316 Peralta Ave presents a unique chance to create something special in an A+ location.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 43% |
| Baths | 1.0 | 2.0 | 46% |
| Square foot | 702 | 1,190 | 8% |
| Lot Size | 4,375 | 3,690 | 70% |
| Price | $899.0K | $1.30M | 22% |
| Price per sq ft | $1.3K | $1.0K | 86% |
| Built year | 1906 | 1923 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 102 | 3% |
Jun 2, 2026
$899,000
Initial Listing