
Berkeley, California 94705
This Spacious Multi-Generational Residence is a High-Potential Investment Opportunity, listed at $1,595,000—positioned well below the $1,667,493 Fair Market Value by 4%. This valuation gap offers $72,493 in Instant Equity. With a Condition Rating of 4, the property features a flexible floor plan with dual entrances and separate meters, perfect for a junior ADU. Located near top-rated schools like Peralta Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential in Berkeley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2607 Alcatraz Ave Subject | $1,595,000* List Price | 5 | 3 | 2,511 | $704 | - |
A 2935 Florence St Active | $1,749,000 List Price | 5 | 4 | 3,176 | $551 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home has recent cosmetic improvements including fresh paint and new luxury engineered wood floors, the kitchen and bathrooms are dated. The listing explicitly suggests an 'opportunity to open up' the kitchen, and photos show older cabinetry and a vintage layout. Built in 1910 with high-value areas likely exceeding 20 years since a full renovation, it requires modernization to meet current market standards.
Situated in the highly coveted 'Edge of Elmwood' neighborhood, the property is steps from the College Avenue corridor, Rockridge BART, and top-rated schools, offering a quintessential Berkeley lifestyle with high walkability.
The home features five bedrooms, separate gas and electric meters, and dual entrances, making it ideally configured for a junior ADU, multigenerational living, or potential rental income.
With approximately 2,511 square feet, this residence offers a rare and generous footprint for the area, complemented by classic 1910 architectural details like refinished oak floors with redwood inlays.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3500, other record lot size in square feet = 1000.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3500, living area = 2511.
The kitchen currently lacks an open-concept flow to the dining area, requiring a significant renovation to achieve the modern 'great-room' layout desired by today's buyers.
Welcome home to one of Berkeley's most coveted pockets. Tucked along Alcatraz Avenue just steps from the College Avenue corridor, this generously sized single-family residence offers approximately 2,511 square feet of light-filled living space, with 5 bedrooms and 3 bathrooms, a rare and roomy footprint in a neighborhood where space like this seldom comes available. The lower level showcases beautifully refinished oak floors with redwood inlay, while a grand staircase leads to a second level finished with newly installed luxury engineered wood floors. The home has been freshly painted throughout, and new light fixtures bring a modern glow to the living areas and bedrooms. A flexible floor plan gives everyone room to breathe, and the kitchen presents an exciting opportunity to open up the space between it and the adjacent dining room. Imagine the bright, flowing great-room layout today's buyers crave. The upstairs features two separate entrances, ideally set up for a junior ADU, and the property has separate electrical and gas meters, offering excellent flexibility for multigenerational living, a home office, or potential rental income. Step outside to enjoy both front and back yards. The welcoming front yard offers classic curb appeal and an inviting spot to savor your morning coffee, while the private backyard is perfect for gardening, gatherings, or quiet evenings under the stars. Location is everything here. You're moments from the boutiques, cafés, and restaurants of the Elmwood and Rockridge districts, with the Rockridge BART station, AC Transit lines, and easy freeway access putting all of the Bay Area within reach. Top-rated schools, weekend farmers markets, and nearby parks round out the quintessential Berkeley lifestyle. This is the kind of home that anchors a family for years to come, refresh the finishes to suit your taste, or move right in and enjoy a location that speaks for itself. Homes of this size in this high-demand corner are tightly held and rarely last long. Home Energy Score of 2
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,511 | 2,200 |
| Lot Size | 3,500 | 5,160 |
| Price | $1.59M | $1.70M |
| Price per sq ft | $635 | $997 |
| Built year | 1910 | 1926 |
| HOA | $0 | $500 |
| Days on market | 33 | 31 |
Jun 19, 2026
$1,595,000
Initial Listing
Nov 7, 2014
$1,100,000
Public Record