2727 Mcgee Ave, Berkeley, California 94703, Berkeley, 94703 - 0 bed, 0 bath
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Berkeley, California 94703
This renovated mid-century triplex is a Prime Investment Opportunity, listed at $1,400,000—positioned well below the $1,453,517 Fair Market Value by 3%. This valuation gap provides $53,517 in Instant Equity. Featuring a Condition Rating of 2, the property includes a vacant 3-bedroom owner’s unit with stone countertops and a fenced yard. Located near top-rated schools like Berkeley High and BART, it offers a perfect blend of lifestyle and income. This is an ideal asset for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2727 Mcgee Ave Subject | $1,400,000* List Price | 0 | 0 | 2,906 | $500 | - |
A 1819 Carleton Street Sold | $1,450,000 | 0 | 0 | 2,960 | $490 | 0.2 mi |
B 3114 3114 California St Active Under Contract | $1,395,000 List Price | 0 | 0 | 3,190 | $437 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1963, the property has undergone extensive recent renovations that meet modern quality standards. The interior features a fully updated kitchen with new stainless steel appliances, stone countertops, shaker-style cabinetry, and a modern tile backsplash. The home also boasts beautifully refinished hardwood floors, fresh paint, updated recessed and track lighting, and clean, well-maintained exterior surfaces with no visible deferred maintenance.
The property features a large, vacant 3-bedroom owner’s unit paired with two income-generating units, offering an ideal setup for house-hacking or multi-generational living in a high-demand market.
Situated in South Berkeley, the property provides exceptional access to BART, UC Berkeley, and express buses to San Francisco, ensuring consistent rental appeal and convenience for commuters.
Built in 1963, the triplex boasts a timeless modern design with unique geometric lines and expansive living spaces that distinguish it from standard multi-unit residential buildings.
As a 1960s-era structure, the building may require significant investments in system upgrades or seismic retrofitting to meet modern standards and maintain long-term value.
With nearly 3,000 square feet of living space on a 4,000 square foot lot, the outdoor area is relatively limited, which may restrict privacy and recreational options for the ground-floor tenants.
This unique mid-century triplex offers a timeless modern design, featuring two 2-bedroom, 1-bath units on the first floor and an expansive 3-bedroom, 2-bath vacant owner’s unit on the second floor. The owner's unit enjoys an expansive fenced yard. The building's geometric lines are repeated in each apartment’s interior, offering excellent livability and a spacious, connected living space that will make you feel right at home. South Berkeley provides excellent access to cafes, restaurants, UC Berkeley, and many transportation options, including express buses to San Francisco, bicycle thoroughfares, and BART.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,906 | 2,906 | 50% |
| Lot Size | 4,000 | 4,515 | 43% |
| Price | $1.40M | $1.44M | 43% |
| Price per sq ft | $482 | $623 | 29% |
| Built year | 1963 | 1962 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 189 | 14% |
Mar 26, 2026
$1,400,000
Initial Listing