1863 Tacoma Ave, Berkeley, California 94707, Berkeley, 94707 - 4 bed, 2 bath
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1863 Tacoma Ave
Berkeley, California 94707
ACTIVE
CONDITION: POOR
4Beds
2Baths
2,014Sq Ft
5,000Lot Size
Property Price
LIST PRICE$1,095,000
EST. MARKET VALUE
$1,157,111
5% BelowMARKET VALUE
SUMMARY
This 1915 Craftsman represents a Strong Value Opportunity, listed at $1,095,000—positioned well below the $1,157,112 Fair Market Value by 5%. This valuation gap offers $62,112 in Instant Equity. With a Condition Rating of 5, the property requires a full interior renovation, yet offers significant upside through its 2,000-square-foot layout and expansive lot. Located in the prestigious Thousand Oaks neighborhood near top-rated schools, this is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential renovation project.
Estimated Market Value
$1,157,111+$62,111 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 |
|---|---|---|---|---|---|---|
★ 1863 Tacoma Ave Subject 4 bd · 2 ba · 2,014 sqft · $575 | $1,095,000* List Price | 4 | 2 | 2,014 | $575 | - |
A 11 Edgecroft Rd Sold 3 bd · 2 ba · 1,588 sqft · $504 · 0.6 mi | $800,000 | 3 | 2 | 1,588 | $504 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1915 with no evidence of recent major renovations; the kitchen is severely dated with vintage cabinetry and painted wood floors. A Home Energy Score of 1 out of 10 indicates highly inefficient systems, and the listing explicitly describes the property as an opportunity for buyers to 'bring their style and design aspirations to reality,' signaling a need for a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime North Berkeley Location
Situated in the highly coveted Thousand Oaks neighborhood, the property offers exceptional proximity to Solano Avenue amenities, the Gourmet Ghetto, and top-rated schools like Thousand Oaks Elementary.
- Authentic Architectural Character
This 1915 Craftsman retains sought-after vintage details including original hardwood floors, built-in cabinetry, and picture rails, providing a charming and high-value aesthetic foundation.
- Significant Expansion Potential
With a 2,000-square-foot layout, a large basement for potential square footage gains, and a level 5,000-square-foot lot, there is substantial opportunity to add value through renovation and landscaping.
CONSRISKS & DEFICIENCIES
- Poor Energy Efficiency
The property has a Home Energy Score of 1 out of 10, indicating a need for significant and potentially costly upgrades to insulation, windows, and mechanical systems.
- Extensive Renovation Required
Marketed as a 'rare opportunity' for customization, the home likely requires immediate capital investment to modernize the kitchen, bathrooms, and systems to meet current buyer expectations.
About 1863 Tacoma Ave
Location Location Location! Situated in one of Berkeley's most sought-after neighborhoods, this 1915 Craftsman in the heart of Thousand Oaks offers buyers the opportunity to bring their style and design aspirations to reality. Spacious at 2000 square feet (per public records), the home features 4 bedrooms, 1+ bathroom, elegant Craftsman living and dining rooms, a large kitchen and versatile bonus spaces. An expansive basement provides storage and/or potential square footage expansion, while the large, level lot (5000 SF) offers an exceptional canvas for a stunning garden or urban orchard. Vintage features include hardwood floors, a fireplace, picture rails and lovely built-in cabinets in the living and dining rooms. Bright, natural light throughout. Situated close to highly regarded schools and Solano Ave's many amenities, the home is close to Berkeley's renowned Gourmet Ghetto and just minutes to the UC Berkeley campus and North Berkeley BART. This is a truly rare opportunity for buyers to customize a primary home or investment property in a highly desirable North Berkeley neighborhood. Home Energy Score (HES): 1 out of 10 (assessed 10/16/2026, HES ID #686194).
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1915
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Berkeley Unified Schools
Thousand Oaks Elementary School
Grades K-5 • 0.1 mi
5/10
Jefferson Elementary School
Grades K-5 • 1.1 mi
7/10
Kensington Elementary School
Grades K-6 • 1.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 2,014 | 1,939.842 |
| Lot Size | 5,000 | 5,015.791 |
| Price | $1.09M | $1.78M |
| Price per sq ft | $544 | $1.0K |
| Built year | 1915 | 1925 |
| HOA | $0 | $443 |
| Days on market | 4 | 32 |
Pricing History
Listed for Sale
Oct 20, 2026
$1,095,000
Initial Listing
Sold
Jan 18, 1994
$285,000
Public Record