1297 University Avenue

Berkeley, CA 94702

$1,425,000
Last Sold Price
Beds
2,650 Sq. Ft.
$538 / Sq. Ft.
2,650
Sq. Ft.
$538
per Sq. Ft.

Description

Levin Johnston has been selected to exclusively market for sale 1297 University Ave, an exceptional pride-of-ownership asset located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 5,693 square feet, the subject property was originally constructed in 1943 and has a gross building area of 2,650 square feet offering its tenants beautifully designed one-bedroom floor plans. The subject property is located within close proximity to the University of California, Berkeley...Levin Johnston has been selected to exclusively market for sale 1297 University Ave, an exceptional pride-of-ownership asset located in the thriving city of Berkeley, California. Situated on a parcel of land totaling 5,693 square feet, the subject property was originally constructed in 1943 and has a gross building area of 2,650 square feet offering its tenants beautifully designed one-bedroom floor plans. The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally.
  1. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1297 University Avenue

MLS City Name
BERKELEY
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
4

Location

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059; Marcus & Millichap, Robert Johnston, DRE #01853816

Sold By Marcus & Millichap, Eymon Binesh, DRE #02060059

Add your commute
LISTING UPDATED: 03/30/2024 09:19 AM

Property Details for 1297 University Avenue

StatusSold
MLS #ML81948658
Days on Compass114
Taxes$23,534 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1943
Lot Size0.13 AC / 5,693 SF
CountyAlameda County

Location

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059; Marcus & Millichap, Robert Johnston, DRE #01853816

Sold By Marcus & Millichap, Eymon Binesh, DRE #02060059

Add your commute

Building Information for 1297 University Avenue

Stories2Residences4Year Built1943Building Size-Lot Size0.13 AC / 5,693 SF

Payment Calculator

$9,738 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,777

Property Taxes

$1,961

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1297 University Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 2650
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Berkeley Map Area 4
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1297
  • Street Name: University
  • Street Suffix: Avenue
  • Area ID: 2304
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2650
  • Structure SqFt Source: Assessor
  • Age: 80
Development Information
  • Zoning Detail: C-U
Location Information
  • Parcel Number: 057-2081-024
  • County Name: Alameda
  • City Name: BERKELEY
  • City Postal ID: 123
  • Postal Code: 94702
  • Elementary School District: 1034
  • High School District Text: Berkeley Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .13
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $23,534
  • Building Unit Total: 4
  • Capitalization Rate: 4.17
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,380
  • Expense Landscape: $1,200
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $1,400
  • Expenses Other: $2,800
  • Expenses Utility: $1,800
  • Expenses Total: $35,114
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 14.89
  • Income Annual Gross: $97,613
  • Income Annual Rental: $100,632
  • Income Gross Scheduled: $100,632
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,300
Unit 2 Information
  • Unit 2 Approx Square Footage: 625
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,362
Unit 3 Information
  • Unit 3 Approx Square Footage: 623
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,362
Unit 4 Information
  • Unit 4 Approx Square Footage: 625
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,362
Unit Type 1
  • Unit Type1 Approx SqFt: 625

Property History for 1297 University Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1297 University Avenue

Taxable ValueLand$61,670Additions$144,165Total$205,835
Tax Record2023$7,951 ($663 / month)
Home Facts
Total Finished SqFt2,650 SqFtAbove Grade Finished SqFt2,650 SqFtStories2Lot Size5,693 SqFtStyleQuadraplexYear Built1943CountyALAMEDAAPN57-2081-24

Schools near 1297 University Avenue

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

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Similar Sold 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 Marcus & Millichap, Eymon Binesh, DRE #02060059; 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.