
Berkeley, California 94710
This Tri-Level Live/Work Loft is a Strong Value Opportunity, listed at $749,000—positioned well below the $733,730 Fair Market Value by -2%. While priced slightly above market, the property offers a Good Condition Rating with modern kitchen updates and historic industrial character. Featuring Live/Work Zoning, soaring ceilings, and a private patio, this unit provides a versatile urban sanctuary in West Berkeley. It is an ideal acquisition for Remote Professionals or Creative Entrepreneurs seeking a unique, move-in ready space with excellent transit connectivity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 720 Gilman St Subject | $749,000* List Price | 2 | 2 | 1,592 | $461 | - |
A 1450 4th St #5 5 Active | $549,000 List Price | 1 | 2 | 1,452 | $378 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building is historic and the loft conversion dates to the mid-1990s, the interior shows clear signs of more recent updates. The kitchen features modern stainless steel appliances and updated hardware, the hardwood floors are in excellent condition, and the overall aesthetic is polished and move-in ready. It fits the 5-15 year renovation window for a 'Good' rating.
The property features official live/work zoning and a tri-level layout, providing a rare and flexible space ideal for entrepreneurs, artists, or remote professionals seeking a legal home-office setup.
Located in the historic Tannery Lofts, the home boasts soaring ceilings, dramatic architectural lines, and industrial-inspired details that offer a unique urban character and high volume.
Situated in the vibrant Oceanview neighborhood near 4th Street shopping and local breweries, the property offers excellent walkability and convenient access to BART and major freeways.
Despite the generous 1,592 square footage and multi-level layout, the property only offers 1.5 baths, which may be a drawback for families or those hosting guests.
As a structure originally built in 1903, the property may present higher long-term maintenance requirements or lower energy efficiency compared to modern purpose-built condominiums.
It seems like we all work where we live these days. Make it official! 720 Gilman is a rare opportunity to own a distinctive tri-level live/work loft in Berkeley’s historic Tannery Lofts. Originally converted in the mid-1990s from a former industrial building, this spacious and flexible condo blends character, volume, and functionality in one of West Berkeley’s most dynamic neighborhoods. Featuring 2 bedrooms, a loft space, and 1.5 baths across three levels, the home offers soaring ceilings, abundant natural light, and an open layout ideal for creatives, remote professionals, entrepreneurs, or anyone seeking a unique urban living experience. The flexible floor plan allows for seamless separation between living, working, and entertaining spaces. The first floor welcomes you with a spacious living area, while the kitchen opens to the dining area and is complemented by industrial-inspired details, warm finishes, and dramatic architectural lines throughout. A lofted upper level provides additional versatility for a home office, studio, guest space, or reading retreat. The unit also includes in-unit laundry, multiple levels of living space, and live/work zoning for added flexibility. Located in vibrant West Berkeley near 4th Street shopping, cafes, restaurants, breweries, parks, and transit, this home offers convenient access to SF, Emeryville, and the greater East Bay. Easy access to BART, freeways, and bike corridors makes commuting simple while still enjoying the creative energy and community feel that define this neighborhood. A truly unique Berkeley loft with historic character, modern flexibility, and endless potential. HES exempt.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 67% |
| Baths | 2.0 | 1.0 | 67% |
| Square foot | 1,592 | 1,244 | 67% |
| Lot Size | 82,465 | 20,075 | 67% |
| Price | $749.0K | $749.0K | 50% |
| Price per sq ft | $470 | $665 | 33% |
| Built year | 1903 | 1925 | 33% |
| HOA | $589.0 | $518 | 67% |
| Days on market | 11 | 66 | 33% |
May 26, 2026
$749,000
Initial Listing
Feb 11, 2016
$615,000
Public Record
Jan 21, 2005
$494,000
Public Record
Apr 30, 1999
$234,000
Public Record