
Berkeley, California 94703
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $1,700,000—positioned well below the $1,724,670 Fair Market Value by 1%. Featuring a newly remodeled second-floor unit and a unique, whimsical first-floor cottage, the property maintains a Condition Rating of 2. With approximately 800 sq. ft. of flexible space, this asset offers significant value-add potential for unit expansion. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income in a prime Berkeley location.
Property is new construction or fully renovated.
Although originally built in 1898, the property has been recently rebuilt and reimagined. The primary second-floor unit is newly remodeled from floor to ceiling (within 5 years) featuring a modern kitchen, updated electrical panel, and refinished hardwood floors. The systems and finishes are in mint condition, requiring no immediate maintenance.
The second-floor unit has been comprehensively remodeled from floor to ceiling, featuring updated electrical systems, a modern kitchen, and refinished hardwoods, offering immediate move-in readiness and high rental appeal.
With approximately 800 sq. ft. of flexible space remaining on the first floor, there is a major opportunity to potentially add a third living unit or expand the existing cottage to maximize the property's income stream.
This 1898 Victorian blends historic bones with eclectic, handcrafted details like nature-inspired mosaics and antique fixtures, creating a one-of-a-kind aesthetic that stands out in the Berkeley market.
The property was recently sold within the past year on 2026-04-01. The sold price is $1,500,000.00.
The potential for a third postal address and the conversion of the remaining first-floor space is unverified, placing the burden of due diligence and permitting risk entirely on the buyer.
The highly specific 'whimsical' interior finishes and unconventional design choices may not appeal to traditional investors, potentially requiring additional capital to neutralize the decor for broader marketability.
Reimagined 1898 Victorian rebuilt with modern flair and eclectic style. The stunning second-floor 3 bed, 2/1 bath unit is newly remodeled from floor to ceiling, with an added bathroom, updated electrical and panel, refinished hardwood floors, a modern kitchen, and redesigned laundry and half-bath for greater functionality. Purchased as a Golden Duplex, the homes first floor was partly transformed into a 1-bed, 1-bath cottage by a local writer and her familya whimsical retreat filled with creativity and joy. Discover a sandy beach with fish and frogs, a forest of lights, handcrafted nature-inspired mosaics, and unique kitchen tiles reminiscent of a Renaissance painting. Antique-fair finds include doors, tiles, a sink, and clawfoot tub. Original redwood wall planking now forms floors evoking a bygone seaside boardwalk. The remaining first-floor space offers possibilities: retain it as storage or explore creating another living unit. A possible third postal address is unverified. Buyers should confirm with the City of Berkeley whether the approximately 800 sq. ft. can become a 1-bed, 1-bath unit or be incorporated into a 2-bed, 1-bath layout.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades PK-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,214 | 2,492.071 |
| Lot Size | 6,750 | 4,591.214 |
| Price | $1.70M | $1.08M |
| Price per sq ft | $529 | $463 |
| Built year | 1898 | 1931 |
| HOA | $0 | $0 |
| Days on market | 2 | 147 |
Oct 22, 2026
$1,700,000
Initial Listing
Apr 1, 2026
$1,500,000
Public Record
May 16, 2023
$1,170,000
Public Record
May 22, 1998
$175,000
Public Record