3032 Mabel St, Berkeley, California 94702, Berkeley, 94702 - 2 bed, 1 bath
3032 Mabel St
Berkeley, California 94702
Property Price
SUMMARY
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The MLS description explicitly states 'Currently on the property is a collapsed single-family home,' which is visually confirmed by the provided images showing a severely damaged and uninhabitable structure. The property's value is based solely on the expansive lot and its development potential, aligning perfectly with the 'tear-down' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Development Location
Situated in a vibrant Berkeley neighborhood 'ripe for growth' and surrounded by other new developments, indicating strong market demand and potential for appreciation.
- Expansive Flat Lot
An 'expansive 6000+ SF flat lot' provides an ideal canvas for construction, potentially reducing site preparation costs and offering flexibility in design.
- Significant Development Potential
Current zoning allows for up to 3 units, with potential for greater density through upcoming zoning amendments and state laws (SB-9, SB-684), maximizing return on investment.
CONSRISKS & DEFICIENCIES
- Collapsed Structure & Demolition Costs
The property currently features a 'collapsed single-family home,' necessitating demolition and debris removal, which adds significant upfront costs and project complexity.
- Extensive Due Diligence Required
Buyers are explicitly advised to contact the Berkeley Planning / Building Dept and research state laws, indicating a substantial amount of pre-acquisition research and potential bureaucratic hurdles.
- Specialized Buyer Pool
This is a pure development opportunity, limiting the potential buyer pool exclusively to experienced developers or investors, rather than general homebuyers.
About 3032 Mabel St
Attention Developers! Unleash your vision on this expansive 6000+ SF flat lot, situated in a vibrant Berkeley neighborhood that is ripe for growth. Surrounded by other new developments, this prime location offers excellent potential. Currently on the property is a collapsed single-family home, with existing utilities and a water meter. Buyers are encouraged to contact the Berkeley Planning / Building Dept regarding current status and upcoming zoning law amendments to open up exciting possibilities allowing for greater creativity and density in addressing the urgent housing needs of this high-demand area. Current standards allow for up to 3 units, but also, check state laws SB-9 and SB-684 for other possibilities. This rare opportunity is not just an investment; it’s a chance to make a lasting impact on the community by contributing to its housing solutions. Don't let this incredible opportunity slip away.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1904
- Lot Size
- 6,142 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 1,047 | 1,211 | 40% |
| Lot Size | 6,142 | 3,862.5 | 97% |
| Price | $799.0K | $1.20M | 7% |
| Price per sq ft | $763 | $938 | 27% |
| Built year | 1904 | 1923 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 408 | 160 | 0% |
Pricing History
Listed for Sale
Jan 23, 2025
$799,000
Initial Listing