2 Panoramic Way 102, Berkeley, California 94704, Berkeley, 94704 - 1 bed, 1 bath
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Berkeley, California 94704
This Prime Investment Opportunity is a 1-bedroom Condominium listed at $550,000, positioned well below the $570,991 Fair Market Value by 3%. This valuation gap provides $20,991 in Instant Equity. Featuring a Condition Rating of 3, the unit includes modern stainless appliances and a private patio. Its proximity to UC Berkeley ensures high rental demand, making it an ideal asset for Buy-and-Hold Investors or first-time buyers seeking a strategic, student-friendly location with convenient gated parking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2 Panoramic Way 102 Subject | $550,000* List Price | 1 | 1 | 598 | $955 | - |
A 2611 Piedmont Ave 4 Sold | $562,725 | 2 | 1 | 553 | $1,018 | 0.4 mi |
B 2601 College Avenue 208 Active | $659,000 List Price | 1 | 1 | 666 | $989 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1967, the unit features modern updates including stainless steel appliances and hardwood flooring, suggesting a renovation within the 5-15 year range. It is described as move-in ready with functional central forced air heating, meeting the criteria for a well-maintained, functional property.
Located just 0.1 miles from Memorial Stadium and 0.3 miles from the Haas School of Business, this property offers unparalleled convenience for students and faculty, ensuring strong rental demand.
The association fee covers an extensive list of utilities and maintenance, including hot water, garbage, and exterior painting, simplifying monthly budgeting for the owner.
The unit features a private patio and a gated one-car garage, providing rare outdoor living and secure parking in a dense, high-demand Berkeley neighborhood.
At $740 per month, the association fee is relatively high for a 598-square-foot unit, which may impact the buyer's monthly affordability and overall return on investment.
With under 600 square feet of living area, the unit's small footprint may limit its appeal to buyers seeking more storage or a flexible layout for a home office.
Compact Ground floor unit located in the safe Panoramic Hill. Walking distance to Berkeley campus across Memorial stadium(0.1 mile) , Haas School of Business(0.3 mile) and bike to Bart(1.5 miles).This one -bed/bath home is nestled in Berkeley and offers 598 sqft of living space with private patio. The kitchen includes Stainless appliances such as a microwave, oven range, dishwasher and refrigerator. Flooring throughout the home features a combination of hardwood floor and vinyl/linoleum for easy maintenance. Heating managed with central forced air for comfort. Laundry facilities are available in a community area. The property includes gated one-car garage space(#1) for parking. This home is within the Berkeley Unified elementary school district. Enjoy a walkable, student-friendly neighborhood with trails, nearby parks, and the iconic University of Berkeley just steps away. HOA coversCommon Area Electricity, Exterior Painting, Garbage, Hot Water, Insurance - Common Area, Roof & Water. Easy access to Hwy I-580 & CA-24 .
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 38% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 598 | 778 | 25% |
| Lot Size | - | 6,504.5 | 13% |
| Price | $550.0K | $642.5K | 13% |
| Price per sq ft | $920 | $826 | 75% |
| Built year | 1967 | 1965 | 50% |
| HOA | $740.0 | $430 | 63% |
| Days on market | 5 | 83 | 13% |
Jun 1, 2026
$550,000
Initial Listing
Mar 15, 2016
$521,500
Public Record
Mar 13, 2014
$330,000
Public Record
Sep 23, 2002
$260,000
Public Record
Jul 24, 1998
$120,000
Public Record