1015 University Avenue

Berkeley, CA 94710

$4,500,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

1015-1027 University Avenue is located on the corner of a highly trafficked intersection in Berkeley, CA location, this 15-unit property consists of four ground-floor commercial spaces; one large 4- bedroom, 1-bathroom apartment; one 2-bedroom, 1-bathroom apartment; five 1-bedroom, 1-bathroom apartments; and four studios. The property offers off-street parking, on-site laundry, a fantastic central location, and billboard income. In addition, all commercial tenants are paying for their own utilities....

Property Details for 1015 University Avenue

Area
Berkeley Map Area 10
City
BERKELEY
Building Type
Lowrise (1-3 Flrs)

Location

Listing Courtesy of JOSEPH M. TAPIA, BROKER, TIMOTHY WARREN, DRE #02008347

Property Details for 1015 University Avenue

StatusActive
MLS #40937274
Days on Market85
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Lowrise (1-3 Flrs)
Year Built1925
Lot Size-
CountyAlameda County

Contact a Compass agent

Location

Listing Courtesy of JOSEPH M. TAPIA, BROKER, TIMOTHY WARREN, DRE #02008347

Building Information for 1015 University Avenue

Stories-Residences-Year Built1925Building Size-Lot Size-

Payment Calculator

$15,081 per month

30 year fixed, 2.95% Interest

Principal and Interest

$15,081

Property Taxes

HOA Dues

$0

Property Information for 1015 University Avenue

Features
    Feature Details
  • Flooring: Hardwood Floors, Partial Carpeting
    Room Details
  • Additional Rooms: Basement - Storage Area
    Utility Details
  • Cooling: None
  • Heating: Electric, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
    Home Owners Association
  • HOA Amenities: Other
    Property Details
  • Additional Equipment: Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Corner
  • Roof: Composition Shingles
  • Year Built: 1925
    Location Details
  • Directions to Property: Unversity
  • FIPS Code: 06001
  • Census Tract: 4221.00
  • Parcel Number: 57-2088-12
  • Printed Neighborhood Rpt: No
  • Board ID: OAKLAND BERKELEY
  • Street Number Numeric: 1015.0
  • Street Name: University Ave
  • County: Alameda
  • Zip Code: 94710
Multi Family Information
    General Details
  • Basement: Storage Area
  • Tenant Pays: Electric, Gas
  • Total Deposits: $0
  • Financial Data Source: Owner
Multi Family 5+ Information
    Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • Apx Lot Sq Ft: 8708
  • Basement: Storage Area
  • On Site Parking Description: On Street, Uncovered Park Spaces 2+
  • Tenant Pays: Electric, Gas
  • Total # Parking Spaces: 4
  • Tot Ann Oper Exp: 148049.0
  • Tot Bldg Sq Ft: 12900.0
  • Total Deposits: 0
    Income / Expense Details
  • Annual Exp Year: 148049
  • Annual Gross Sched Income: $435,000
  • Annual Insurance Expense: $5,242
  • Annual License Expense: $11,076
  • Annual Maint Expense: $7,500
  • Annual Mgmt Expense: $15,822
  • Annual Misc Income: $16,200
  • Annual Rent Income: $43,500
  • Annual Taxes: $54,810
  • Annual Util Expense: $30,840
  • Annual Vacancy: 13050.0
  • Gross Income: $421,050
  • Gross Operating Actual Income: $421,050
  • Net Operating Income: $273,901
  • Other Annual Expense: $2,750
    Other Financial Information
  • Cap Rate: 6.01
  • Existing Loan: Other
  • Financial Data Source: Owner
  • Ocpnt Req 24 Hr: Yes

Property History for 1015 University Avenue

DateEvent & SourcePriceAppreciation
Jun 6, 2059

Expired

SDMLS #40638917

Feb 10, 2021

Listed (Active)

EBRD #40937274

$4,500,000
Feb 10, 2021

Listed (Active)

MLSListings #EB40937274

$4,500,000
DateEvent & SourcePrice
06/06/2059

Expired

SDMLS #40638917

02/10/2021

Listed (Active)

EBRD #40937274

$4,500,000
02/10/2021

Listed (Active)

MLSListings #EB40937274

$4,500,000

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

Schools near 1015 University Avenue


SchoolTypeGradesDistanceRating
Realm Charter High SchoolCharter9-120.1 mi
NR
Realm Charter Middle SchoolCharter6-80.1 mi
NR
Black Pine Circle SchoolPrivateK-80.2 mi
NR
Rosa Parks Environmental Science Magnet SchoolPublicK-50.3 mi
7

Realm Charter High School

9-12, 0.1 mi, Charter

NR

Realm Charter Middle School

6-8, 0.1 mi, Charter

NR

Black Pine Circle School

K-8, 0.2 mi, Private

NR

Rosa Parks Environmental Science Magnet School

K-5, 0.3 mi, Public

7

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1015 University Avenue is a multi-family home for sale in Berkeley, CA 94710. This property was listed for sale on February 10, 2021 by JOSEPH M. TAPIA, BROKER at $4,500,000. It has been on the market for a total of 86 days and was last sold on December 8, 2005. This listing's school district is Berkeley Unified School District. Nearby schools include Realm Charter High School, Realm Charter Middle School and Black Pine Circle School. 1015 University Avenue is a 0-bed, 0-bath, multi-family home built in 1925. This address can also be written as 1015 University Ave.

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 expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JOSEPH M. TAPIA, BROKER, TIMOTHY WARREN, DRE #02008347

Based on information from the San Francisco Association of Realtors as of 02/10/2021 12:00 AM, the MLSListings MLS as of 02/10/2021 12:00 AM, or the BAREIS MLS as of 02/10/2021 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 02/17/2021 03:15 AM