1388 Grizzly Peak Blvd, Berkeley, California 94708, Berkeley, 94708 - 3 bed, 2 bath
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1388 Grizzly Peak Blvd
Berkeley, California 94708
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,086Sq Ft
5,400Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$951,642
10% BelowMARKET VALUE
SUMMARY
This mid-century residence represents a Strong Value Opportunity, listed at $850,000—positioned well below the $951,642 Fair Market Value by 10%. This valuation gap provides $101,642 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home offers a solid foundation with recent cosmetic updates, while the dated kitchen and baths provide clear avenues for modernization. Ideally situated near UC Berkeley, this property is perfect for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Estimated Market Value
$951,642+$101,642 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Berkeley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1388 Grizzly Peak Blvd Subject 3 bd · 2 ba · 1,086 sqft · $876 | $850,000* List Price | 3 | 2 | 1,086 | $876 | - |
A 1488 Summit Road Active 3 bd · 3 ba · 1,320 sqft · $758 · 0.2 mi | $999,999 List Price | 3 | 3 | 1,320 | $758 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1955, this property features recent cosmetic updates including refinished hardwood floors and fresh paint. However, the kitchen and bathrooms appear dated, with fixtures and cabinetry likely exceeding 30 years in age. While the home is well-maintained and livable, it requires modernization of core systems and wet areas to meet contemporary standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Berkeley Location
Situated on the iconic Grizzly Peak Blvd near UC Berkeley, this property offers high desirability and convenience in a prestigious and sought-after neighborhood.
- Turn-Key Mid-Century Appeal
This 1955 gem features classic architecture with modern updates including refinished hardwood floors, designer paint, and fresh carpeting, making it move-in ready.
- Exceptional Outdoor Living
The property boasts a beautifully landscaped, park-like yard with charming brick accents, providing a rare and private outdoor retreat for the area.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At just 1,086 square feet for a three-bedroom home, the interior living spaces and bedrooms may feel compact for families or those requiring more storage.
- Split-Level Bedroom Layout
The configuration of two bedrooms upstairs and one on the lower level may be less ideal for buyers seeking a traditional single-level living arrangement or families with small children.
About 1388 Grizzly Peak Blvd
Mid-century vintage gem in a prime Berkeley location! Brimming with charm and curb appeal, this inviting home features a formal entry, fresh carpeting, designer paint, and beautifully refinished hardwood floors. The eat-in kitchen offers a welcoming space for everyday dining, while two spacious upstairs bedrooms and a private lower-level bedroom provide flexible living options. Additional highlights include a two-car garage and a beautifully landscaped, park-like yard with charming brick accents. Ideally situated near UC Berkeley, this delightful property offers timeless character, comfort, and convenience in a sought-after location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 5,400 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,086 | 1,939.842 |
| Lot Size | 5,400 | 5,015.791 |
| Price | $850.0K | $1.78M |
| Price per sq ft | $783 | $1.0K |
| Built year | 1955 | 1925 |
| HOA | $0 | $443 |
| Days on market | 5 | 32 |
Pricing History
Listed for Sale
Oct 19, 2026
$850,000
Initial Listing