
Berkeley, California 94705
This quadruplex presents a Strong Value Opportunity with a List Price of $1,600,000—positioned well below the $1,698,861 Fair Market Value by 5%. This valuation gap offers $98,861 in Instant Equity. Featuring a Condition Rating of 4, the property offers significant upside through modernization. The 6,700sf lot supports the development of 2 additional detached ADUs, maximizing rental yield near the UC Berkeley campus. This is a prime acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2224 Derby Street Subject 0 bd · 0 ba · 3,402 sqft · $499 | $1,600,000* List Price | 0 | 0 | 3,402 | $499 | - |
A 2935 Florence Sold 0 bd · 0 ba · 3,176 sqft · $559 · 0.4 mi | $1,775,000 | 0 | 0 | 3,176 | $559 | 0.4 mi |
B 3037 College Ave Sold 0 bd · 0 ba · 3,081 sqft · $471 · 0.7 mi | $1,450,000 | 0 | 0 | 3,081 | $471 | 0.7 mi |
C 2923 Wheeler St Active 0 bd · 0 ba · 2,819 sqft · $530 · 0.3 mi | $1,495,000 List Price | 0 | 0 | 2,819 | $530 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, the property features kitchens and bathrooms that are functional but dated, appearing to have been renovated 15-30 years ago. The presence of older wall heaters suggests dated HVAC systems, and while the hardwood floors and built-ins are well-maintained, the units require modernization to move beyond rental-grade condition.
Located just eight blocks from UC Berkeley, the property is perfectly positioned to capture consistent rental demand from a population of 46,000 students and faculty.
The oversized 6,700 sqft lot provides a rare opportunity to develop two additional detached ADUs, offering a clear path to increasing the property's density and total yield.
With top-tier walk and bike scores and proximity to iconic amenities like Berkeley Bowl and Telegraph Avenue, the location ensures high tenant desirability and long-term appreciation.
Constructed in 1926, the building likely requires ongoing capital improvements to modernize aging systems and maintain structural integrity common in century-old properties.
At 57 days on the market, the listing may be experiencing pricing resistance or buyer hesitation compared to faster-moving assets in the competitive Berkeley rental market.
This might just be the Berkeley opportunity you've been searching for! Located just eight short blocks to the world renowned, UC Berkeley Campus with a total enrollment of around 46,000 students (undergrad/graduate) and ranked #1 in Top Public Schools according to U.S. News and World Report. This four unit, two-story building consists of two, 1-Bed units and two, 2-Bed Units for a total of 3,402sf of living space. Units have good natural light, and theres a charming variety of built-in cabinets and bookshelves. Building sits forward on a 6,700sf lot that may support the development of 2 additional detached ADUs. Freshly painted exterior, classy front terrazzo stairs and backyard, where residents have off street parking, stored bikes and a gardening area. Excellent Public K-12 schools within blocks. Inspiring and dynamic location highlights include, Telegraph Avenue's eclectic shops, bakeries, cafes, restaurants and high-quality culinary shopping choices (Berkeley Bowl Marketplace and Whole Foods grocery stores). Bike and Walk scores are top-tier, Public Transportation options are excellent, nice neighborhood parks. This is a truly a perfect location for students, professionals, and anyone seeking the vibrant Berkeley lifestyle with easy access to transit, nature, and the city.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,402 | 2,492.071 |
| Lot Size | 6,700 | 4,591.214 |
| Price | $1.60M | $1.08M |
| Price per sq ft | $470 | $463 |
| Built year | 1926 | 1931 |
| HOA | $0 | $0 |
| Days on market | 79 | 147 |
Aug 6, 2026
$1,600,000
Initial Listing
Dec 10, 2012
$318,500
Public Record
Dec 18, 2000
$975,000
Public Record