951 University Ave

Berkeley, CA 94710

$4,515,000
Last Sold Price
18
Beds
—
Baths
9,722 Sq. Ft.
$464 / Sq. Ft.
9,722
Sq. Ft.
$464
per Sq. Ft.
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Closed 8/30/22
Closed 8/30/22
a front view of a house with parking
a view of a white building among the street
a view of a white house with large windows and a yard
a view of a house
a view of street with parked cars
a view of a street with brick house and wooden floor
a front view of a house with garage
a front view of a house
a front view of a house with a garage
a view of outdoor area with book shop
a close up of a street sign
a living room with furniture and wooden floor
a living room with furniture and wooden floor
a kitchen with stainless steel appliances kitchen island granite countertop a stove a sink and a microwave
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a kitchen with stainless steel appliances a stove a microwave and cabinets
a living room with furniture and a couch
a view of a hallway with wooden floor and a bathroom
a bedroom with a bed and wooden floor
a bathroom with a sink a toilet and a window
a bathroom with a shower and a tub
a bedroom with bed and a flat screen tv
a bedroom with a bed and a window
a bedroom with a bed and a window
a living room with furniture a lamp and a potted plant
a living room with furniture and a table
a utility room with dryer and washer
a view of a backyard with sitting area
a view of yard with patio
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Description

University Terrace is a beautifully renovated 10-unit apartmentcomplex located in NW Berkeley 4 blocksfrom 4th St, one of the most highly sought after retail corridors on the West Coast. Located at 933-951 University Ave the building is 9,722 SF is on a 10,200 SF lot On University Ave between 8th St & 9th St. The property is comprised of 8 X 2-bed townhome units and 2 X 1-bedroom units that are all individually metered for water/sewer, gas & electric leaving few operating expenses for the owner to...University Terrace is a beautifully renovated 10-unit apartmentcomplex located in NW Berkeley 4 blocksfrom 4th St, one of the most highly sought after retail corridors on the West Coast. Located at 933-951 University Ave the building is 9,722 SF is on a 10,200 SF lot On University Ave between 8th St & 9th St. The property is comprised of 8 X 2-bed townhome units and 2 X 1-bedroom units that are all individually metered for water/sewer, gas & electric leaving few operating expenses for the owner to pay for. The property just underwent a beautiful & extensive exterior & interior renovation. 6 of 10 of the units have been renovated down to the studs with high-end, condo-quality finishes. The six renovated units were recently put on the market for rent & were all leased within approximately 1 week at an avg. rent of $3,862 with no concessions offered. With the achieved rents, the in-place CAP rate is at 5.04% and there are still 4 unrenovated units providing further upside potential.
  1. Listed by Keith Manson • DRE #01490046 • CBRE
    P: (415)-773-3592 keith.manson@cushwake.com
  2. Listed by Zach W Greenwood • DRE #01960296 • CBRE
    P: (415)-714-4825 C: (415)-714-4825 zwgreenwood@gmail.com

Property Details for 951 University Avenue

Parking Features
Attached, Garage, Uncovered
Cross Street
8th Street
Total Parking Spaces
16
LISTING UPDATED: 09/01/2022 09:07 AM

Property Details for 951 University Avenue

StatusClosed
MLS #422680865
Days on Compass22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Townhouse
Year Built1954
Lot Size0.23 AC / 10,201 SF
CountyAlameda County
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Location

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zach W Greenwood, DRE #01960296

Sold By CIRE, Nick Davidson, DRE #666666

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Building Information for 951 University Avenue

Stories2Residences10Year Built1954Building Size-Lot Size0.23 AC / 10,201 SF

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$27,459 per month

30 year fixed, 6.36% Interest

Principal and Interest

$22,499

Property Taxes

$4,960

HOA Dues

$0

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Property Information for 951 University Avenue

Summary
Location and General Information
  • Coordinates: -122.295283, 37.8686213
  • Latitude: 37.8686213
  • Longitude: -122.295283
  • Area/District: Berkeley Map Area 10
  • Location Description: Berkeley Map Area 10
Taxes and HOA
  • APN: 0572092010
  • Association: No
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Tax Tract: 0.00
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 16.0
  • Parking: Attached, Garage, Uncovered
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
  • Open Parking: Yes
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Owner
  • Year Built Source: Assessor Agent-Fill
  • Building Name: University Terrace
  • Lot Features: Curbs/Gutters, Shape Regular, Sidewalk
  • Building Area Source: Owner
  • Building Area Total: 9722.0
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Area: 10201.752
  • Lot Size Units: SqFt
Property and Assessments
  • Property Condition: Updated/Remodeled
  • Elevation: 0
  • Units Furnished: None
  • Number Of Buildings: 1
  • Videos Change Timestamp: 09-01-2022 08:54:12 AM
Farm Information
  • Irrigation Water Rights: No
Utilities
  • Gas: Separate Meter
  • Sewer: Public Sewer
  • Water Source: Separate Meter, Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Guest Space(s): 0
  • Stories: 2
  • Levels: Two
  • Patio And Porch Features: Enclosed Patio, Uncovered Patio
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Double Strapped Water Heater, Secured Access, Security Fence, Security Gate, Security Lights, Smoke Detector(s), Video System
  • Roof: Composition, Shingle
  • Senior Community: No
  • Stories Total: 2
Interior Features
  • Heating: Gas, Wall Furnace
  • Laundry Appliances: In Unit, Dishwasher, Disposal, Free-Standing Freezer, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater, Microwave, Self Cleaning Oven
  • Basement: None
  • Cooling: None
  • Electric: Separate Meter
  • Flooring: Vinyl, Other
  • Full Bathrooms: 0
  • # of Rooms: 46
  • Basement: No
  • Bathrooms Partial: 0
  • Cooling: No
  • Heating: Yes
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: 1380-3295
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 2
2 Bedroom Unit
  • 2 Bedroom Rent Range: 1019-4295
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 8
3 Bedroom Unit
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Income Multiplier: 0.0
Multi-Family Information
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Units: 10
  • # Of Units Vacant: 0
  • # Of Units Leased: 10
  • Total # Leasable: 0
  • Total # Section 8: 0
Agent
Sale and Listing
  • Standard Status: Closed
Rental
Rent Information
  • Existing Lease Type: Net
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas, Sewer, Water
  • Current Rent: $.00
  • Leasable Area Units: Square Feet
  • Gross Rent Multiplier: 0.99

Property History for 951 University Avenue

DateEvent & SourcePriceAppreciation
Aug 30, 2022

Sold

RESFAR #422680865

$4,515,000—
Aug 18, 2022

Sold (Public Record)

Public Record #1497467790

$4,515,000

+548.3% / yr

Aug 12, 2022

Pending

RESFAR #422680865

—
DateEvent & SourcePrice
08/30/2022

Sold

RESFAR #422680865

$4,515,000
08/18/2022

Sold (Public Record)

Public Record #1497467790

$4,515,000

+548.3% / yr

08/12/2022

Pending

RESFAR #422680865

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 951 University Avenue

Taxable ValueLand$900,000Additions$2,885,475Total$3,785,475
Tax Record2025$59,526 ($4,960 / month)
Home Facts
Total Finished SqFt8,024 SqFtAbove Grade Finished SqFt8,024 SqFtStories2Lot Size10,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1954Year Renovated1958CountyALAMEDAAPN57-2092-10

Schools near 951 University Avenue

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Ruth Acty Elementary
Public - K to 5
Berkeley Arts Magnet at Whittier School
Public - K to 5
Thousand Oaks Elementary School
Public - K to 5
Rosa Parks Environmental Science Magnet School
Public - K to 5
Rating
School
Distance
Ruth Acty Elementary
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Thousand Oaks Elementary School
PublicK to 5

Rosa Parks Environmental Science Magnet School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zach W Greenwood, DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.