2924 Claremont Avenue

Berkeley, CA 94705

$2,998,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

2924 Claremont is a 12-unit residential income property w/a bonus non-conforming 13th unit, located in the desirable Claremont neighborhood of Berkeley. Built in 1922 & owned by the same owners since the 90s, the building is conveniently located near Berkeley & North Oakland shopping, dining & recreation amenities including Elmwood & Rockridge & the Claremont Hotel Club & Spa, as well as convenient BART & freeway access. The unit mix features 9 large 1BD/1BAs, 3 Studios & one 2BD/1BA on the ground...

Property Details for 2924 Claremont Avenue

Area
Berkeley Map Area 9
City
BERKELEY
Building Type
Lowrise (1-3 Flrs)

Property Details for 2924 Claremont Avenue

StatusPending
MLS #40911925
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Lowrise (1-3 Flrs)
Year Built1922
Lot Size-
CountyAlameda County

Listing Agent

ANDREW DE VRIES

BERKSHIRE HATHAWAY-FRANCISCAN

andrew@devriesre.com

P: 415.664.9400

DRE #01368031

Contact Agent(s)

Location

Listing Courtesy of BERKSHIRE HATHAWAY-FRANCISCAN, ANDREW DE VRIES, DRE #01368031

Building Information for 2924 Claremont Avenue

Stories-Residences-Year Built1922Building Size-Lot Size-

Payment Calculator

$10,047 per month

30 year fixed, 2.95% Interest

Principal and Interest

$10,047

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 2924 Claremont Avenue

Features
    Feature Details
  • Flooring: Hardwood Floors, Partial Carpeting, Tile, Vinyl
    Room Details
  • Additional Rooms: Basement - Apartment, Basement - Storage Area
    Utility Details
  • Cooling: None
  • Heating: Steam
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
    Home Owners Association
  • HOA Amenities: None
    Property Details
  • Additional Equipment: Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Corner
  • Roof: Composition Shingles, Polyurethane Foam
  • Year Built: 1922
    Location Details
  • Directions to Property: Ashby to Claremont
  • FIPS Code: 06001
  • Census Tract: 4237
  • Parcel Number: 52-1565-23
  • Printed Neighborhood Rpt: No
  • Board ID: OAKLAND BERKELEY
  • Street Number Numeric: 2924.0
  • Street Name: Claremont Ave
  • County: Alameda
  • Zip Code: 94705
Multi Family Information
    General Details
  • Financial Data Source: Estimated, Owner
Multi Family 5+ Information
    Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • Apx Lot Sq Ft: 7100
  • Basement: Apt In Basement, Separate Entry, Storage Area
  • On Site Parking Description: None
  • Tenant Pays: Electric, Gas
  • Total # Parking Spaces: 0
  • Tot Ann Oper Exp: 52829.0
  • Tot Bldg Sq Ft: 12672.0
  • Total Deposits: 0
    Unit 1 Information
  • Unit # 1 Approx SqFt: 1000
  • Unit # 1 Parking Spaces: 0
  • Unit # 1 Rent: 1923
  • Unit 1 # Units This Type?: 9
    Unit 2 Information
  • Unit # 2 Approx SqFt: 600
  • Unit # 2 Parking Spaces: 0
  • Unit # 2 Rent: 1300
  • Unit 2 # Units This Type?: 3
    Unit 3 Information
  • Unit # 3 Approx SqFt: 700
  • Unit # 3 Parking Spaces: 0
  • Unit # 3 Rent: 845.79
  • Unit 3 # Units This Type?: 1
    Income / Expense Details
  • Annual Exp Year: 89262
  • Annual Gross Sched Income: $264,356
  • Annual Insurance Expense: $9,965
  • Annual License Expense: $6,699
  • Annual Maint Expense: $10,000
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $264,356
  • Annual Taxes: $19,628
  • Annual Util Expense: $44,543
  • Annual Vacancy: 7931.0
  • Gross Income: $264,356
  • Gross Operating Actual Income: $264,356
  • Gross Rent Multiplier: 11.34
  • Net Operating Income: $167,163
  • Other Annual Expense: $8,286
    Other Financial Information
  • Cap Rate: 5.58
  • Existing Loan: Other
  • Financial Data Source: Estimated, Owner
  • Ocpnt Req 24 Hr: Yes

Property History for 2924 Claremont Ave

DateEvent & SourcePriceAppreciation
Jan 6, 2021

Expired

EBRD #SF501408

Dec 31, 2020

Expired

SFAR #501408

Dec 15, 2020

Contingent - No Show

SFAR #501408

DateEvent & SourcePrice
01/06/2021

Expired

EBRD #SF501408

12/31/2020

Expired

SFAR #501408

12/15/2020

Contingent - No Show

SFAR #501408

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

Public Records for 2924 Claremont Avenue

Taxable ValueLand$210,998Additions$140,665Total$351,663
Tax Record2020$22,003 ($1,834 / month)
Home Facts
Total Finished SqFt12,672 SqFtAbove Grade Finished SqFt12,672 SqFtStories3Lot Size7,100 SqFtStyleMulti-Family Dwelling (2-4)Year Built1922Year Renovated1922CountyALAMEDAAPN052 156502300

Schools near 2924 Claremont Avenue


SchoolTypeGradesDistanceRating
John Muir Elementary SchoolPublicK-50.1 mi
6
Emerson Elementary SchoolPublicK-50.3 mi
7
East Bay School for GirlsPrivateK-50.5 mi
NR
The AcademyPrivateK-80.5 mi
NR

John Muir Elementary School

K-5, 0.1 mi, Public

6

Emerson Elementary School

K-5, 0.3 mi, Public

7

East Bay School for Girls

K-5, 0.5 mi, Private

NR

The Academy

K-8, 0.5 mi, Private

NR

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 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BERKSHIRE HATHAWAY-FRANCISCAN, ANDREW DE VRIES, DRE #01368031

Based on information from the San Francisco Association of Realtors as of 07/09/2020 05:00 PM, the MLSListings MLS as of 07/09/2020 05:00 PM, or the BAREIS MLS as of 07/09/2020 05:00 PM. 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 12/15/2020 03:34 PM