
Berkeley, California 94708
This Mediterranean Villa is a High-Potential Investment Opportunity, listed at $1,495,000—positioned well below the $1,829,506 Fair Market Value by 18%. This valuation gap offers $334,506 in Instant Equity. Featuring an Iconic Panoramic View, Detached 2-Story Garage, and Condition Rating 3, the property offers significant upside through ADU conversion. Located near Top-Rated Schools like Willard Middle and Berkeley High, it balances lifestyle with financial growth. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique Berkeley asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 948 Hilldale Ave Subject | $1,495,000* List Price | 3 | 3 | 2,816 | $650 | - |
A 1024 1024 Miller Avenue Sold | $1,600,000 | 4 | 3 | 2,624 | $610 | 0.2 mi |
B 982 982 Grizzly Peak Blvd Sold | $1,538,000 | 4 | 3 | 2,469 | $623 | 0.2 mi |
C 1155 1155 Keeler Ave Sold | $1,278,000 | 4 | 2 | 2,126 | $601 | 0.5 mi |
D 1059 Cragmont Ave Pending | $1,899,000 List Price | 5 | 4 | 2,960 | $642 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1930, the property has undergone significant renovations including updated windows, modern sliding glass doors, and well-maintained hardwood flooring. The interior finishes and exterior stucco/roof appear move-in ready and well-maintained, consistent with a 5-15 year renovation cycle.
The property boasts an extraordinary three-bridge view spanning from the South Bay to Mt. Tam, highlighted by a sunken living room with a seamless wall of glass.
A detached two-story garage features a full bathroom and bonus rooms, offering flexible space for a guest house, home office, or rental unit.
This 1930s Mediterranean villa maintains timeless appeal with a private sun-drenched courtyard, terra-cotta tile roofing, and exceptional indoor-outdoor flow.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2816, other record living area = 1746.
The property has a Home Energy Score of 4, suggesting that the 1930s construction may require significant upgrades to insulation and systems for modern efficiency.
The multi-level layout and cascading hillside garden may present accessibility challenges and higher long-term maintenance costs associated with steep topography.
Hidden behind classic villa walls, an unexpected, expansive experience awaits: an iconic, panoramic 3-bridge view that stretches from the south bay and up over the Marin headlands to Mt. Tam. With the first step into the sun-drenched courtyard, you arrive somewhere else entirely. A sliver of light between the main house and the detached 2-story garage offers a narrow glimpse of blue water and city skyline. The kind of peek-through view you might catch between villas on a Mediterranean hillside. Inside, the foyer opens to the main staircase, and leads into the large sunken living room, where the house really begins to reveal itself. Nearly an entire wall of glass opens seamlessly onto a large viewing deck, an extraordinary setting where the term indoor-outdoor living doesn’t quite capture the moment. As dramatic as the sky tends to be on a tangerine sunset evening, the feeling of the home is relaxed, lived-in, inviting. Doors left open, something cooking in the kitchen, deciding between lounging in the sunny courtyard or any one of the multiple outdoor spaces. With a white stucco exterior, aegean blue-trimmed windows, and a signature terra-cotta tile roof, this gracious 3BR, 3BA, 2816sf home has unmistakable Mediterranean character and a gracious layout that expands over 2 structures and multiple levels. Every part of the home is designed around the view. The main house begins level-in from the courtyard and opens to a foyer, the large living room, and dining room with the main deck just through the glass doors. The charming eat-in kitchen opens through a dutch door to the courtyard for morning coffee or afternoon siestas. Up the main staircase, an en suite bedroom soaks up the views, and a second bedroom is quiet and spacious. From the main floor, you go down to the lower level where a wonderfully private primary or guest suite opens up. With a sunroom, its own deck, and an exterior entrance gives flexibility of use and separation from the rest of the home. The 2-story garage has easy access at street level, and interior access from the garage to the courtyard to the main house is almost seamless. The upper level of the detached garage has a full bathroom, a flex space, and a downstairs bonus room with separate entrance. Future expansion possibilities are endless - think ADU, gym, music room, home office, or guest house covered in blooming bougainvillea. Outside, multiple terraces and a garden cascading down the hillside await. HES 4. Views: Downtown
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 3.0 | 2.2 |
| Square foot | 2,816 | 2,021.606 |
| Lot Size | 5,248 | 5,060.038 |
| Price | $1.50M | $1.75M |
| Price per sq ft | $531 | $1.0K |
| Built year | 1930 | 1926 |
| HOA | $0 | $549 |
| Days on market | 14 | 31 |
Aug 26, 2026
$1,495,000
Initial Listing
Feb 6, 2009
$651,000
Public Record