385 385 Vermont Ave, Berkeley, California 94707, Berkeley, 94707 - 2 bed, 1 bath

385 385 Vermont Ave, Berkeley, California 94707 home-pic-0

385 385 Vermont Ave

Berkeley, California 94707

ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,504Sq Ft
3,520Lot Size

Property Price

LIST PRICE$995,000
EST. MARKET VALUE
$1,079,518
7% BelowMARKET VALUE

SUMMARY

Analysis of 385 385 Vermont Ave, Berkeley, California 94707 reveals a Prime Investment Opportunity with a current list price of $995,000—significantly undercutting the $1,079,518 Fair Market Value by 7%. This valuation gap indicates a +$84,518 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,079,518 +$84,518 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Berkeley.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
385 385 Vermont Ave
Subject
$995,000*
List Price
211,504$718-
A
1563 1563 Thousand Oaks Blvd
Pending
$998,000
List Price
321,182$8440.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

This 1931 Spanish Revival home is well-maintained and retains significant historic charm, including original mahogany trim and vaulted beamed ceilings. However, having been held by the same family for nearly 50 years and possessing a BESO score of 1, the property likely features an outdated kitchen and single bathroom, along with aging energy systems and windows that require modernization to meet current quality and efficiency standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Architectural Integrity

    This 1931 Spanish Revival home showcases exceptional craftsmanship with original vaulted beamed ceilings, mahogany trim, and arched doorways that preserve its historic Golden Era charm.

  • Prime Location

    Nestled in the coveted Thousand Oaks neighborhood, the property is minutes from Tilden Park, Arlington shops, and top-rated schools, offering a high-quality Berkeley lifestyle.

  • Expansion Potential

    The lower level features a versatile bonus room and significant storage space, providing a clear opportunity for buyers to add value and square footage.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 1504, other record living area = 1379.

  • Limited Bathroom Count

    With only one bathroom serving a 1,504-square-foot home, the layout may be a challenge for families or those who frequently host guests.

  • Low Energy Efficiency

    The property has a BESO score of 1, indicating that significant energy-efficiency upgrades will likely be required to meet modern standards and reduce utility costs.

About 385 385 Vermont Ave

A timeless example of Spanish Revival architecture, this cherished residence—held by the same family for nearly 50 years—embodies the romance and craftsmanship of California’s Golden Era. Set on a quiet, tree-lined street, Spanish tile crowns the entry, and a Mediterranean-style door with wrought-iron detailing offers an elegant welcome. Inside, graceful arched doorways frame a living room with vaulted, beamed ceilings, formal dining room, hardwood floors, mahogany trim and doors, original wrought-iron fixtures, and classic windows that define its enduring character. The layout includes two bedrooms, one bathroom, and a kitchen with expansive glass doors opening to a private yard for seamless indoor-outdoor living. The lower level features a versatile bonus room ideal for office or gym, with potential for expansion, plus laundry and generous storage. Mature landscaping enhances privacy and tranquility. Ideally located minutes from Arlington shops and cafés, downtown Berkeley, Tilden Park, the Little Farm, golf, and scenic trails. Located in coveted Thousand Oaks with a BESO score of 1, don’t let this one slip away.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1931
Lot Size
3,520 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

Berkeley Unified Schools

Kensington Elementary School

Grades K-6 • 0.7 mi

8/10

Thousand Oaks Elementary School

Grades K-5 • 0.8 mi

5/10

Jefferson Elementary School

Grades K-5 • 1.8 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
19%
Baths1.02.0
15%
Square foot1,5042,041.5
21%
Lot Size3,5205,712.5
6%
Price$995.0K$1.73M
2%
Price per sq ft$662$962
13%
Built year19311925
69%
HOA$0$0
50%
Days on market10142
2%

Pricing History

Listed for Sale

Feb 25, 2026

$995,000

Initial Listing

Browse Properties by State Browse housing market trends by state