1237 Russell Street

Berkeley, CA 94702

$2,009,500
Last Sold Price
Beds
4
Baths
4,048 Sq. Ft.
$496 / Sq. Ft.
4,048
Sq. Ft.
$496
per Sq. Ft.

Description

Turnkey Investment. Now 100% occupied. The property consists of 8 studio-plus units. Recently renovated. Capital improvements including a new roof, perimeter foundation, windows, interior paint/exterior paint/stucco skim coat and landscaping, just to name a few. Three of the units were also renovated with current yet timeless finishes, and all the systems were replaced, including new electrical, plumbing, tankless water heaters, central forced-air furnaces, in-unit washer and dryers etc.. The property...Turnkey Investment. Now 100% occupied. The property consists of 8 studio-plus units. Recently renovated. Capital improvements including a new roof, perimeter foundation, windows, interior paint/exterior paint/stucco skim coat and landscaping, just to name a few. Three of the units were also renovated with current yet timeless finishes, and all the systems were replaced, including new electrical, plumbing, tankless water heaters, central forced-air furnaces, in-unit washer and dryers etc.. The property is sited on a corner lot and is directly across the street from San Pablo Park, with it's 11.6 acre open space, ball fields, tennis courts, basketball courts, and children's play areas. Stroll along San Pablo Avenue to the Berkeley Bowl West, Walgreens, and numerous shops and restaurants. The WalkScore is 87 and BikeScore is 90
  1. Listed by Dave Anderson • DRE #01400445 • The Source Real Estate Company, Inc.

Property Details for 1237 Russell Street

Directions to Property
Ashby to San Pablo to Russell
View Description
Park
Cross Street
Mabel
Total Parking Spaces
0

Location

Listing Courtesy of The Source Real Estate Company, Inc., Dave Anderson, DRE #01400445

Sold By Marcus & Millichap, Gino V Franco, DRE #02027839

Add your commute
LISTING UPDATED: 06/25/2021 01:26 AM

Property Details for 1237 Russell Street

StatusClosed
MLS #508442
Days on Compass183
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / 5 or More Units
Year Built1925
Lot Size0.11 AC / 4,700 SF
CountyAlameda County

Location

Listing Courtesy of The Source Real Estate Company, Inc., Dave Anderson, DRE #01400445

Sold By Marcus & Millichap, Gino V Franco, DRE #02027839

Add your commute

Building Information for 1237 Russell Street

Stories-Residences8Year Built1925Building Size-Lot Size0.11 AC / 4,700 SF

Payment Calculator

$13,652 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,967

Property Taxes

$2,685

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1237 Russell Street

Summary
Location and General Information
  • Area/District: Berkeley Map Area 8
  • Area Short Display: 2308
  • Location Description: Berkeley Map Area 8, Berkeley Map Area 8
Taxes and HOA Information
  • APN: 53-1664-12
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
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: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Features: Auto Sprinkler F&R, Landscape Front
Property and Assessments
  • Possession: Negotiable
  • Picture Count: 40
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Construction Materials: Frame, Stucco, Wood
  • Foundation: Concrete Perimeter
  • Stories: 0
  • Roof: Rolled Composition
Interior Features
  • Heating: Central, Floor Furnace
  • Basement: None
  • Cooling: None
  • Flooring: Simulated Wood, Tile, Wood
  • # of Rooms: 3
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 13.55
  • Gross Income Multiplier: 13.19
  • Utilities Expense: 0.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 7
  • # Studios Occupied: 0
  • # of Studio Units: 8
  • # of Units: 8
  • # Of Units Vacant: 1
  • # Of Units Leased: 0
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: Studio
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent: $451.00
  • Unit 1 Approx SqFt: 400.0
  • Unit 1 SqFt Source: Owner
  • Unit 1 # of Rooms: 3
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: Studio, kitchen has newer shaker cabinets and granite countertops.
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent: $1,598.00
  • Unit 2 Approx SqFt: 400.0
  • Unit 2 SqFt Source: Owner
  • Unit 2 # of Rooms: 3
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Description: Studio,kitchen has newer shaker cabinets and granite countertops.
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent: $1,636.00
  • Unit 3 Approx SqFt: 400.0
  • Unit 3 SqFt Source: Owner
  • Unit 3 # of Rooms: 3
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Description: Studio, completely renovated in 2019
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Occupancy: Tenant
  • Unit 4 Rent: $2,098.00
  • Unit 4 Approx SqFt: 400.0
  • Unit 4 SqFt Source: Owner
  • Unit 4 # of Rooms: 3
  • Unit 4 Type: Apartment
Rental
Rent Information
  • Occupant Type: Tenant
  • Lease Term: Varies By Unit
  • # Of Units Month to Month: 0
  • Studio Rent Range: $451-$2098
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas

Property History for 1237 Russell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1237 Russell Street

Taxable ValueLand$632,563Additions$1,455,464Total$2,088,027
Tax Record2023$32,219 ($2,685 / month)
Home Facts
Total Finished SqFt4,048 SqFtAbove Grade Finished SqFt4,048 SqFtStories2Lot Size4,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyALAMEDAAPN53-1664-12

Schools near 1237 Russell 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
Washington Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Oxford Elementary School
PublicK to 5

Malcolm X 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

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Source Real Estate Company, Inc., Dave Anderson, DRE #01400445

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.