
Berkeley, California 94703
This 1924 Berkeley bungalow represents a Strong Value Opportunity, listed at $1,154,700—positioned well below the $1,253,711 Fair Market Value by 7%. This valuation gap provides $99,011 in Instant Equity for the buyer. With a Condition Rating of 5, the home requires modernization, yet offers significant upside through its spacious 5,460 sqft lot and original architectural charm. Located near top-rated schools like Berkeley High, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1924 Ward St Subject 3 bd · 1 ba · 1,262 sqft · $993 | $1,154,700* List Price | 3 | 1 | 1,262 | $993 | - |
A 1839 Dwight Way Sold 2 bd · 1 ba · 1,104 sqft · $838 · 0.4 mi | $925,000 | 2 | 1 | 1,104 | $838 | 0.4 mi |
B 2350 Spaulding Sold 2 bd · 2 ba · 1,402 sqft · $820 · 0.7 mi | $1,150,000 | 2 | 2 | 1,402 | $820 | 0.7 mi |
C 2926 Ellis St Active 3 bd · 1 ba · 1,438 sqft · $695 · 0.3 mi | $1,000,000 List Price | 3 | 1 | 1,438 | $695 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, this property features a kitchen and interior finishes that appear to be 40-50+ years old without significant modern updates. The presence of dated cabinetry, linoleum flooring, and acoustic ceiling tiles, combined with the listing's admission that the home needs updating, places it in the rehab category.
This 1924 bungalow features well-preserved period details, including rich dark wood built-ins, a classic fireplace, and original hardwood floors that maintain the home's historic Berkeley character.
The property sits on a generous 5,460 sqft lot, offering a spacious backyard with mature fruit trees and a large detached garage, providing significant outdoor potential and storage.
The home is ideally located near highly-regarded educational institutions, including Berkeley High School and Willard Middle School, both of which boast high performance ratings.
The kitchen and various other interior areas are dated and require significant updates to meet modern functional and aesthetic standards, which will require additional investment.
With three bedrooms but only one bathroom, the home's configuration may be a drawback for growing families or buyers looking for a more contemporary bed-to-bath ratio.
This charming Berkeley bungalow offers classic character with two bedrooms and one bath. The main level features one bedroom, while the second is just up a short flight of stairs. Hardwood floors run throughout the home, connecting the living and dining rooms, which feature rich, dark wood built-ins and a welcoming fireplace as the focal point. The bright kitchen includes abundant bungalow-style cabinetry and direct access to the backyard. Downstairs, the basement provides washer and dryer hookups, a utility sink, and a second door to the yard. Outside, you will find a spacious backyard with mature fruit trees and a generously sized detached garage. While the kitchen and other areas could use some updating, it presents a wonderful opportunity to refresh the space while preserving its original charm.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 1,262 | 1,939.842 |
| Lot Size | 5,460 | 5,015.791 |
| Price | $1.15M | $1.78M |
| Price per sq ft | $915 | $1.0K |
| Built year | 1924 | 1925 |
| HOA | $0 | $443 |
| Days on market | 12 | 32 |
Oct 12, 2026
$1,154,700
Initial Listing