968 Addison St

Beds
Baths
11,480 Sq. Ft.
$348 / Sq. Ft.
11,480
Sq. Ft.
$348
per Sq. Ft.

Description

968 Addison St presents a rare opportunity to acquire an 18-unit multifamily asset in the thriving city of Berkeley, California. Situated on just under a half-acre of land, the property features approximately 11,480 square feet of gross building area with well-designed one- and two-bedroom floor plans, complemented by private parking and select units offering in-unit washer/dryers. Located just 1.7 miles from the University of California, Berkeleyranked the number one public university in the nation...968 Addison St presents a rare opportunity to acquire an 18-unit multifamily asset in the thriving city of Berkeley, California. Situated on just under a half-acre of land, the property features approximately 11,480 square feet of gross building area with well-designed one- and two-bedroom floor plans, complemented by private parking and select units offering in-unit washer/dryers. Located just 1.7 miles from the University of California, Berkeleyranked the number one public university in the nation and fourth globallythe property is also within walking distance of West Berkeleys iconic Fourth Street commercial corridor, home to numerous high-end shops and eateries. Residents enjoy convenient access to San Francisco and the greater Bay Area, with close proximity to many of the nations leading tech employers, including Google, Apple, Meta, IBM, LinkedIn, Microsoft, Intel, Adobe, Cisco, and Yahoo. Driven by Berkeleys strong employment fundamentals and historically low vacancy rates, this world-class East Bay location makes 68 Addison St a highly attractive rental investment due to its proximity to major employers, transportation corridors, and lifestyle amenities.
  1. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap • 650-492-0934
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 968 Addison Street

MLS City Name
BERKELEY
Building Type
Other
Garage Spaces
0
Parking Spaces
18
LISTING UPDATED: 02/05/2026 02:50 PM

Property Details for 968 Addison Street

StatusActive
MLS #ML82033913
Days on Compass1
Taxes$76,199 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1943
Lot Size0.46 AC / 20,000 SF
CountyAlameda County

Location

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816
Add your commute

Building Information for 968 Addison Street

Stories-Residences-Year Built1943Building Size-Lot Size0.46 AC / 20,000 SF

Payment Calculator

$25,826 per month

30 year fixed, 6.15% Interest

Principal and Interest

$19,476

Property Taxes

$6,350

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 968 Addison Street

Features
Features
  • Fireplace: No
  • Living SqFt: 11480
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 18
  • Area Text: Berkeley Map Area 6
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 968
  • Street Name: Addison
  • Street Suffix: Street
  • Area ID: 2306
Lot / Property Details
Building Information
  • Number of Buildings: 4
  • Structure SqFt: 11480
  • Structure SqFt Source: Assessor
  • Age: 83
Development Information
  • Zoning Detail: 0
Location Information
  • Parcel Number: 056-1971-005-01
  • County Name: Alameda
  • City Name: BERKELEY
  • City Postal ID: 123
  • Postal Code: 94710
  • Elementary School District: 1034
  • High School District Text: Berkeley Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 17
General Information
  • Annual Tax Amount: $76,199
  • Capitalization Rate: 5.16
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Parking, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $14,350
  • Expense Landscape: $4,500
  • Expense Maintenance: $9,000
  • Expense Management: $15,184
  • Expense Trash: $11,936
  • Expenses Other: $10,078
  • Expenses Utility: $32,315
  • Expenses Total: $173,562
  • Operating Expenses Include: Contract Services, Fee - License/Advertising, Fee - Property Tax, Maintenance, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Gross Rent Multiplier: 10.21
  • Income Annual Gross: $379,589
  • Income Annual Rental: $391,329
  • Income Gross Scheduled: $391,329
  • Income Other: $0

Property History for 968 Addison Street

DateEvent & SourcePriceAppreciation
Feb 5, 2026

Listed (Active)

EBRD #ML82033913

$3,996,000
Feb 5, 2026

Listed (Active)

MLSListings #ML82033913

$3,996,000
Jan 12, 2020

Sold

MLSListings #EB40870749

$4,045,000
Jan 11, 2020

Sold

EBRD #40870749

$4,045,000
Nov 23, 2019

Pending

MLSListings #EB40870749

Nov 22, 2019

Pending

EBRD #40870749

Jun 19, 2019

Listed (Active)

MLSListings #EB40870749

$4,250,000
Jun 18, 2019

Listed (Active)

EBRD #40870749

$4,250,000
Jun 14, 2019

Expired

MLSListings #EB40863907

$4,250,000
Jun 13, 2019

Temporarily Off Market

EBRD #40863907

May 2, 2019

Listed (Active)

SDMLS #40863907

$4,495,000
May 2, 2019

Listed (Active)

EBRD #40863907

$4,495,000
May 2, 2019

Listed (Active)

MLSListings #EB40863907

$4,495,000
Apr 30, 2019

Expired

MLSListings #EB40851895

$4,750,000
Feb 8, 2019

Temporarily Off Market

EBRD #40851895

Feb 1, 2019

Listed (Active)

EBRD #40851895

$4,750,000
Feb 1, 2019

Listed (Active)

MLSListings #EB40851895

$4,750,000
Feb 1, 2019

Listed (Active)

SDMLS #40851895

$4,750,000
Mar 29, 2015

Sold (Public Record)

Public Record #552363518

$2,535,000

+8.1% / yr

Jan 30, 2009

Sold

RESFAR #40345018

$1,565,000
Jan 30, 2009

Sold

MLSListings #EB40345018

$1,565,000
Jan 30, 2009

Sold

EBRD #40345018

$1,565,000
Jan 23, 2009

Sold (Public Record)

Public Record #262110114

$1,565,000
Nov 21, 2008

Pending

EBRD #40345018

Nov 21, 2008

Pending

MLSListings #EB40345018

Nov 21, 2008

Pending

RESFAR #40345018

May 23, 2008

Listed (Active)

MLSListings #EB40345018

$2,000,000
May 23, 2008

Price Change

RESFAR #40345018

$2,000,000
May 23, 2008

Listed (Active)

EBRD #40345018

$2,000,000
May 23, 2008

Listed (Active)

RESFAR #40345018

$1,820,000
DateEvent & SourcePrice
02/05/2026

Listed (Active)

EBRD #ML82033913

$3,996,000
02/05/2026

Listed (Active)

MLSListings #ML82033913

$3,996,000
01/12/2020

Sold

MLSListings #EB40870749

$4,045,000
01/11/2020

Sold

EBRD #40870749

$4,045,000
11/23/2019

Pending

MLSListings #EB40870749

11/22/2019

Pending

EBRD #40870749

06/19/2019

Listed (Active)

MLSListings #EB40870749

$4,250,000
06/18/2019

Listed (Active)

EBRD #40870749

$4,250,000
06/14/2019

Expired

MLSListings #EB40863907

$4,250,000
06/13/2019

Temporarily Off Market

EBRD #40863907

05/02/2019

Listed (Active)

SDMLS #40863907

$4,495,000
05/02/2019

Listed (Active)

EBRD #40863907

$4,495,000
05/02/2019

Listed (Active)

MLSListings #EB40863907

$4,495,000
04/30/2019

Expired

MLSListings #EB40851895

$4,750,000
02/08/2019

Temporarily Off Market

EBRD #40851895

02/01/2019

Listed (Active)

EBRD #40851895

$4,750,000
02/01/2019

Listed (Active)

MLSListings #EB40851895

$4,750,000
02/01/2019

Listed (Active)

SDMLS #40851895

$4,750,000
03/29/2015

Sold (Public Record)

Public Record #552363518

$2,535,000

+8.1% / yr

01/30/2009

Sold

RESFAR #40345018

$1,565,000
01/30/2009

Sold

MLSListings #EB40345018

$1,565,000
01/30/2009

Sold

EBRD #40345018

$1,565,000
01/23/2009

Sold (Public Record)

Public Record #262110114

$1,565,000
11/21/2008

Pending

EBRD #40345018

11/21/2008

Pending

MLSListings #EB40345018

11/21/2008

Pending

RESFAR #40345018

05/23/2008

Listed (Active)

MLSListings #EB40345018

$2,000,000
05/23/2008

Price Change

RESFAR #40345018

$2,000,000
05/23/2008

Listed (Active)

EBRD #40345018

$2,000,000
05/23/2008

Listed (Active)

RESFAR #40345018

$1,820,000

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

Public Records for 968 Addison Street

Taxable ValueLand$1,500,000Additions$2,301,000Total$3,801,000
Tax Record2025$73,796 ($6,150 / month)
Home Facts
Total Finished SqFt11,480 SqFtAbove Grade Finished SqFt11,480 SqFtStories2Lot Size20,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1943CountyALAMEDAAPN56-1971-5-1

Schools near 968 Addison Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
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

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.

Similar Homes

Similar Sold Homes

968 Addison Street is for sale in Berkeley, CA 94710. This property was listed for sale on February 5, 2026 by Marcus & Millichap, it's currently listed at $3,996,000. It has been on the market for a total of 1 days and was last sold on January 12, 2020. This listing's school district is Berkeley Unified School District. Nearby schools include Ruth Acty Elementary, Berkeley Arts Magnet at Whittier School and Thousand Oaks Elementary School. 968 Addison Street is a 0-bed, 0-bath, 11,480 sqft built in 1943.

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 Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

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.