1646 1646 Ashby Ave, Berkeley, California 94703, Berkeley, 94703 - 3 bed, 2 bath
1646 1646 Ashby Ave
Berkeley, California 94703
Property Price
SUMMARY
Analysis of 1646 1646 Ashby Ave, Berkeley, California 94703 reveals a Prime Investment Opportunity with a current list price of $1,095,000—significantly undercutting the $1,275,621 Fair Market Value by 14%. This valuation gap indicates a +$180,621 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Berkeley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1646 1646 Ashby Ave Subject | $1,095,000* List Price | 3 | 2 | 1,826 | $699 | - |
A 2961 California St Sold | $1,150,000 | 4 | 3 | 1,518 | $758 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1923, the property has undergone an extensive recent renovation within the last five years, featuring a modern open-concept kitchen with stone countertops and stainless steel appliances, updated bathrooms with a contemporary walk-in shower, and high-quality finishes throughout. Significant system upgrades including dual-pane windows, LED lighting, and central heating ensure the home meets current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Transit and Walkability
With a Walkscore of 89, a Bikescore of 97, and a location less than half a mile from Ashby BART, this property offers premier accessibility for commuters and those seeking a car-independent lifestyle.
- Modernized Interior and Layout
The home features a seamless open-concept main level, a fully updated chef's kitchen with island seating, and a primary suite with a modern walk-in shower, making it truly move-in ready.
- Expansive Lot with Development Potential
The large, landscaped backyard with mature fruit trees not only provides a private retreat but also offers intriguing potential for future development or an ADU, adding significant long-term value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1826, other record living area = 1764. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- High-Traffic Thoroughfare
Located directly on Ashby Avenue, a major Berkeley artery, the property is subject to higher levels of street noise and traffic congestion than typical residential side streets.
- Vintage Infrastructure Risks
Despite many modern system upgrades, the 1923 construction date suggests that buyers should remain mindful of potential maintenance needs inherent to century-old foundations and structural components.
About 1646 1646 Ashby Ave
Experience the perfect blend of modern updates and functional design in this sun-drenched South Berkeley home. The open-concept main level features a seamless flow between the living and dining areas and a beautifully updated kitchen, which shines with stone countertops, stainless steel appliances, and island seating. This residence offers three spacious bedrooms and two full bathrooms, including a primary suite with an en-suite bath and modern walk-in shower. A versatile and spacious lower-level family room provides excellent indoor-outdoor connectivity, leading directly to a large, private backyard oasis. This landscaped retreat features mature fruit trees, raised planter beds and ample space for both lounging and al fresco dining. Significant system upgrades offer peace of mind, including dual-pane windows, LED lighting, central heating, and a compliant sewer lateral. An attached garage provides convenience, and the large backyard offers intriguing development potential (buyer to verify). Located less than a half mile to Ashby BART and moments away from local cafes, parks, and amenities, this move-in-ready gem represents easy Berkeley living. 89 Walkscore and 97 Bikescore!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 4,455 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
Berkeley Unified Schools
Malcolm X Elementary School
Grades K-5 • 0.1 mi
Sankofa Academy
Grades PK-5 • 0.7 mi
Leconte Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,826 | 1,398 | 65% |
| Lot Size | 4,455 | 4,880 | 41% |
| Price | $1.09M | $1.33M | 35% |
| Price per sq ft | $600 | $822 | 8% |
| Built year | 1923 | 1915 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 162 | 3% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,095,000
Initial Listing
Sold
May 14, 2021
$1,385,000
Public Record
Sold
Apr 27, 2020
$808,000
Public Record