2917 2917 Telegraph Ave, Berkeley, California 94705, Berkeley, 94705 - 3 bed, 2 bath
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Berkeley, California 94705
This Modernized Mixed-Use Live/Work Property is a Strong Value Opportunity, listed at $1,599,000—positioned well below the $1,747,102 Fair Market Value by 8%. This valuation gap offers $148,102 in Instant Equity for the buyer. The asset features a Condition Rating of 2, boasting a fully modernized kitchen and updated bathrooms. Combining two high-visibility commercial storefronts with a private 3-bedroom residence near Top-Rated Berkeley Schools, the property includes a rare private patio and courtyard. This is an ideal acquisition for Owner-Operators or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2917 2917 Telegraph Ave Subject | $1,599,000* List Price | 3 | 2 | 1,613 | $1,098 | - |
A 2123 2123 Oregon St Sold | $1,610,000 | 3 | 2 | 1,316 | $1,223 | 0.4 mi |
B 3046 3046 Deakin St Pending | $1,595,000 List Price | 4 | 2 | 1,911 | $835 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1937, the property has undergone an extensive recent renovation. The kitchen is fully modernized with white shaker cabinetry, stone countertops, subway tile backsplashes, and high-end stainless steel appliances. The bathrooms feature contemporary vanities and updated tile work. Throughout the home, there are refinished hardwood floors, recessed lighting, and updated fixtures, presenting the property in like-new condition with no visible deferred maintenance.
The property features two distinct commercial storefronts totaling 1,275 SF alongside a separate 1,613 SF residential home, offering a rare live/work opportunity or multi-stream investment potential.
Located on the vibrant Telegraph Avenue in the Elmwood neighborhood, the storefronts benefit from high pedestrian traffic, excellent signage exposure, and proximity to major medical offices.
Unlike many mixed-use properties, this site includes a generous 6,187 SF lot with on-site parking, a private interior courtyard, and a backyard, balancing business utility with residential comfort.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1613, other record living area = 2888.
Positioned directly on a major commercial corridor, the residential portion of the property is likely subject to significant street noise and high-density urban activity.
With an original build date of 1937, the property may require significant capital improvements or seismic retrofitting to meet modern building codes and commercial requirements.
Stop paying rent for your business and your home — own both in one location. A rare opportunity to live and operate your business on one of Berkeley’s most vibrant commercial corridors. Positioned along the iconic Telegraph Avenue in the sought-after Claremont Elmwood neighborhood, this unique mixed-use property offers the perfect setup for entrepreneurs, professionals, and owner-operators seeking the ultimate live/work lifestyle. The property features two commercial storefronts totaling approximately 1,275 SF with strong street visibility and signage exposure, along with a spacious 1,613 SF residential home (3 bed / 2 bath) tucked behind the commercial frontage. Situated on a 6,187 SF lot, the property also includes on-site parking, an interior courtyard, and a private backyard, creating a rare balance of urban business presence and residential comfort. The flexible commercial spaces (approximately 650 SF each) offer excellent potential for retail, office, medical, dental, wellness, daycare, or creative professional use, surrounded by a thriving mix of neighborhood dining, boutiques, professional services, and the nearby UCSF Benioff medical offices, Telegraph Avenue benefits from consistent pedestrian activity and strong local patronage. Beso Score ?
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 30% |
| Baths | 2.0 | 3.0 | 32% |
| Square foot | 1,613 | 2,607 | 14% |
| Lot Size | 6,187 | 7,015 | 38% |
| Price | $1.60M | $2.31M | 22% |
| Price per sq ft | $991 | $830 | 62% |
| Built year | 1937 | 1937 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 126 | 14% |
Mar 9, 2026
$1,599,000
Initial Listing
Mar 22, 1999
$300,000
Public Record