
Berkeley, California 94703
Analysis of 2338 Roosevelt Ave, Berkeley, California 94703 is currently available with a list price of $1,095,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1908 and described as a 'value-add' opportunity, the property shows no evidence of recent renovations. Interior photos reveal dated kitchens with old appliances, linoleum flooring, and aging wall heaters. The listing explicitly suggests bringing a contractor, indicating the need for a comprehensive rehab of systems and finishes.
The triplex configuration with two units delivered vacant offers a rare opportunity for owner-occupancy or immediate market-rate rentals in a high-demand Berkeley market.
Situated on a quiet, tree-lined street within walking distance to BART, downtown Berkeley, and UC Berkeley, ensuring long-term desirability and tenant retention.
Features classic turn-of-the-century details, high ceilings, and substantial floor plans on a large 6,500 sq ft lot, providing a scale and charm rarely found in modern construction.
Positioned as a 'value-add' opportunity, the property likely requires substantial capital investment and contractor work to modernize and address deferred maintenance.
As a 1908 build held for over a generation, the property may have outdated electrical, plumbing, and structural systems that necessitate costly upgrades.
On a quiet, tree-lined block, this turn-of-the-century triplex is being offered for the first time in over a generation — and represents one of the most compelling value-add opportunities Central Berkeley has seen in some time. Two buildings, three substantial units, a 6,500 sq ft lot*, and the kind of layouts that simply aren't built anymore. The front building is a classic two-story duplex with one unit on each level, totaling roughly 2,700 square feet*. The upper unit spans nearly 1,300 sq ft* and offers three bedrooms, a full bath, and a beautifully proportioned turn-of-the-century floor plan flowing from a bay-windowed living room into an oversized formal dining room and an eat-in kitchen. The lower unit mirrors this footprint as a spacious two-bedroom with the same gracious living-dining-kitchen sequence. High ceilings, period millwork, and abundant natural light give both flats a character that modern construction can rarely match. Behind the duplex sits a detached rear cottage perched above a three-car garage and oversized storage — an extraordinary bonus on a Berkeley lot. The cottage is a two-bedroom, one-bath apartment of approximately 720 sq ft* with its own kitchen, living room, and utility/laundry room — ideal as a long-term rental**, in-law unit, or short-term stay. With two units delivered vacant, this is a fantastic opportunity to owner-occupy the upstairs unit and have two rentals helping carry the mortgage in one of the East Bay's most consistently strong rental markets. Roosevelt sits within easy walking distance to downtown Berkeley, North Shattuck shopping, San Pablo Avenue's restaurants and cafés, and BART. UC Berkeley is a short ride away, and the leafy residential streets that surround the property are the kind that you'll never want to leave. Properties of this scale, in this location, with this much room to add value, do not come along often. Bring your contractor, your vision, and your long-term outlook — and step into a Berkeley legacy asset with decades of upside ahead. BESO Score: *Per public record.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,434 | 3,075 | 63% |
| Lot Size | 6,500 | 4,957.5 | 75% |
| Price | $1.09M | $1.40M | 25% |
| Price per sq ft | $319 | $512 | 13% |
| Built year | 1908 | 1910 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 148 | 13% |
May 19, 2026
$1,095,000
Initial Listing