1334-1336 Walnut St

Berkeley, CA 94709

$1,775,000
Last Sold Price
6
Beds
4,382 Sq. Ft.
$405 / Sq. Ft.
4,382
Sq. Ft.
$405
per Sq. Ft.
Closed 10/28/24
Closed 10/28/24
an aerial view of a house with a yard
unknown
a view of a city
a picture of city view
an aerial view of a house with a yard and garden
a view of brick house with a large windows and plants
a bedroom with a bed and a chandelier
a living room with furniture potted plant floor to ceiling window and a flat screen tv
a kitchen with stainless steel appliances granite countertop sink stove top oven and cabinets
a bedroom with bed and a couch
a view of an empty room with wooden floor and a window
a living room with furniture and a large window
a bathroom with a sink toilet and shower
a living room with furniture and a wooden floor
a kitchen with stainless steel appliances a stove a sink and a refrigerator
a bed room with a bed and a chair
a view of a house with a backyard and garden
a view of a chairs and table in a backyard

Description

1334-1336 Walnut St is a 5-unit, value-add apartment community spread across 2 structures totaling 4,382 SF located in the heart of the Gourmet Ghetto District in North Berkeley walking distance from UC Berkeley, the #1 public university in the world. This marks the 1st time that this property has been on the market in 25+ years. 1334 Walnut St is comprised of 4 650 SF 1-bed, 1-bath units, and 1336 Walnut St is a 1,822 SF 5-bed, 2-bath detached house. The structures are situated on a large 9,655...1334-1336 Walnut St is a 5-unit, value-add apartment community spread across 2 structures totaling 4,382 SF located in the heart of the Gourmet Ghetto District in North Berkeley walking distance from UC Berkeley, the #1 public university in the world. This marks the 1st time that this property has been on the market in 25+ years. 1334 Walnut St is comprised of 4 650 SF 1-bed, 1-bath units, and 1336 Walnut St is a 1,822 SF 5-bed, 2-bath detached house. The structures are situated on a large 9,655 SF lot near the intersection of Walnut St & Rose St. The Property features secured access, a community garden, an on-site coin-operated laundry facility, and 11 secured, off-street parking spaces. In place rents are approximately 40% below projected market rate rent and there is an opportunity for additional income by charging for parking and billing tenants back for common area and master metered utilities upon unit turnover. There is potential to increase the Net Operating Income by 65%. The oversized lot provides an opportunity to increase the unit count by building detached ADUs while retaining parking spaces for the existing units. A Walker's Paradise (95 Walk Score), the property is situated 1 block from Shattuck Ave, The heart of Berkeley's famous Gourmet Ghetto District.

Property Details for 1334-1336 Walnut Street

Parking Features
Off Street
Cross Street
Rose Street
Total Parking Spaces
11
LISTING UPDATED: 10/29/2024 02:57 PM

Property Details for 1334-1336 Walnut Street

StatusClosed
MLS #424062173
Days on Compass27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built-
Lot Size0.22 AC / 9,652 SF
CountyAlameda County

Location

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

Sold By Matthews Real Estate, Chuck Evans, DRE #666666; Matthews Real Estate, Daniel Grays-Yang, DRE #666666

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Building Information for 1334-1336 Walnut Street

Stories2Residences5Year Built-Building Size-Lot Size0.22 AC / 9,652 SF

Payment Calculator

$8,651 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,651

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1334-1336 Walnut Street

Summary
Location and General Information
  • Area/District: Berkeley Map Area 1
  • Area Short Display: 2301
  • Location Description: Berkeley Map Area 1
Taxes and HOA Information
  • APN: 060-2455-043
  • 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: 11.0
  • Parking: Off Street
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Not Verified
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Shape Regular
Property and Assessments
  • Property Condition: Fixer, Varies by Unit
  • Possession: Close of Escrow
  • Year Built Details: Unknown
  • Picture Count: 18
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Disclosures/Documents: Disclosure Package Available, Rent Control
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 2
  • Construction Materials: Frame, Wood
  • Stories: 2
  • Levels: Two
  • Patio And Porch Features: Balcony/Deck, Varies by Unit
  • Exterior Features: Yard Space
  • Roof: Composition, Shingle
Interior Features
  • Heating: Gas, Varies by Unit, Wall Furnace
  • Appliances: Dishwasher, Free Standing Electric Range, Free Standing Freezer, Free Standing Refrigerator, Microwave, Varies By Unit
  • Laundry Features: Coin Operated, In Common Area
  • Flooring: Carpet, Linoleum, Tile, Varies by Unit, Wood
  • Full Bathrooms: 0
  • # of Rooms: 21
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: 1040-2600
  • # of 1 Bedroom Units: 4
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 4
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: 11.76
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 8477.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 5
  • # Of Units Total: 5
  • # Of Units Vacant: 0
  • # Of Units Leased: 5
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent: $2,098.00
  • Unit 1 Approx SqFt: 650.0
  • Unit 1 SqFt Source: Not Measured
  • Unit 1 # of Rooms: 3
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 5
  • Unit 2 Description: Detached House
  • Unit 2 Full Baths: 2
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent: $3,856.00
  • Unit 2 Approx SqFt: 1822.0
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 9
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • Lease Term: Varies By Unit
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas

Property History for 1334-1336 Walnut Street

DateEvent & SourcePriceAppreciation
Oct 28, 2024

Sold

RESFAR #424062173

$1,775,000—
Sep 30, 2024

Pending

RESFAR #424062173

—
Sep 3, 2024

Listed (Active)

RESFAR #424062173

$1,850,000—
DateEvent & SourcePrice
10/28/2024

Sold

RESFAR #424062173

$1,775,000
09/30/2024

Pending

RESFAR #424062173

—
09/03/2024

Listed (Active)

RESFAR #424062173

$1,850,000

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

Schools near 1334-1336 Walnut Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - K to 5
Cragmont Elementary School
Public - K to 5
Berkeley Arts Magnet at Whittier School
Public - K to 5
Malcolm X Elementary School
Public - K to 5
Rating
School
Distance
Washington Elementary School
PublicK to 5

Cragmont Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier 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.

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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, Zachary W Greenwood, DRE #01960296; CBRE, Keith Manson, DRE #01490046

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.