2924 Florence Street

Berkeley, CA 94705

$1,620,000
Last Sold Price
5
Beds
4
Baths
3,598 Sq. Ft.
$450 / Sq. Ft.
3,598
Sq. Ft.
$450
per Sq. Ft.

Description

This property is a terrific owner occupied investment opportunity with one completely renovated unit, located in Berkeley's prestigious Elmwood neighborhood. This property is ten minutes walking distance from UC Berkeley campus, 15 minutes walk to Ashby BART, seven minute drive to Downtown Berkeley, which provides a selection of over 150 restaurants and bars, as the heart of Berkeley's diverse culture and nightlife. It is only one block away from Whole Foods, making grocery shopping a breeze. Easy...This property is a terrific owner occupied investment opportunity with one completely renovated unit, located in Berkeley's prestigious Elmwood neighborhood. This property is ten minutes walking distance from UC Berkeley campus, 15 minutes walk to Ashby BART, seven minute drive to Downtown Berkeley, which provides a selection of over 150 restaurants and bars, as the heart of Berkeley's diverse culture and nightlife. It is only one block away from Whole Foods, making grocery shopping a breeze. Easy walk to the Elmwood Shopping District with several great restaurants, shopping, and Wells Fargo Bank.  Alta Bates Hospital is around the corner of this property, which is perfect location for healthcare workers and professionals. The owners unit is newly renovated with brand new amenities, such as granite counter tops, washer-dryer, double door refrigerator, new marble floors, fresh high quality paint, marble fireplace, etc. The owner at 2941 Telegraph Ave has First Right of Refusal.
  1. Listed by Bing Udinsky • DRE #01876139 • BING REALTY

Property Details for 2924 Florence Street

City
BERKELEY
Dist Neighborhood Subdiv
ELMWOOD
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Off-Street Parking, Parking Area
View
None
Park Spaces Total
8

Location

Listing Courtesy of BING REALTY, Bing Udinsky, DRE #01876139

Sold By Compass, Jalil Jaber, DRE #02045616

Add your commute
LISTING UPDATED: 05/19/2021 10:04 AM

Property Details for 2924 Florence Street

StatusSold
MLS #40938012
Days on Compass15
Taxes$9,173 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1928
Lot Size0.14 AC / 5,980 SF
CountyAlameda County

Location

Listing Courtesy of BING REALTY, Bing Udinsky, DRE #01876139

Sold By Compass, Jalil Jaber, DRE #02045616

Add your commute

Building Information for 2924 Florence Street

Stories-Residences4Year Built1928Building Size-Lot Size0.14 AC / 5,980 SF

Payment Calculator

$9,605 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,841

Property Taxes

$764

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2924 Florence Street

Features
Feature Details
  • Flooring: Hardwood Floors, Tile
  • Laundry: Inside Unit
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
  • Solar: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Dryer, Washer, Water Heater Gas, Tankless Water Heater, Carbon Mon Detector, Smoke Detector, All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: Level
  • Lot Sq Ft Apx: 5980
  • Lot Size Square Feet: 5980.0
  • Roof: Tar and Gravel
  • Sq Ft Apx: 3598
  • Yard Description: Back Yard, Front Yard
  • Year Built: 1928
  • Acres: 0.14
Location Details
  • Elementary School District: Berkeley (510) 644-6315
  • Directions to Property: Ashby and Florence
  • FIPS Code: 06001
  • Parcel Number: 52-1572-7
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Some Units Have: Fireplaces, Updated Baths, Updated Kitchen
  • Units Total: 4
  • Basement: None
  • Parking Description: Off Street Parking, Parking Area
  • Separate Meters: Electric, Gas
  • Existing Lease Terms: Month to Month
  • Tenant Pays: Cable TV, Electric, Gas, Parking
  • Financial Data Source: Accountant, Estimated, Limited Info, Owner, Projected, Property Manager, Rental Agreement
  • Addl Property Description: In the rear of the building is a large parking lot. Buyer to verify the lot line and the number of parking spaces. The owner is the listing agent.
Income / Expense Details
  • Annual Expense Year: 0
  • Annual Taxes $: $9,173
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $111,276
  • Annual Miscellaneous Income: $12,600
  • Annual Rental Income: $98,676
  • Gross Oper Income (Act): $66,887
  • Net Operating Income: $72,811
  • Annual Insurance Expense: $1,700
  • Annual License Expense: $1,000
  • Annual Maintance Expense: $1,428
  • Annual Management Expense: $2,000
  • Annual Total Oper Expense: $26,926
  • Annual Utility Expense: $6,811
  • Annual Vacancy Expense: $36,000
  • Operating Expenses: Accounting/Legal, Garbage Collection, Insurance, Maintenance/Repair, Management, Property Tax/Assessments, Trash Removal, Vacancy Factor, Water
  • Other Annual Expense: $0
Unit 1 Details
  • Unit #/Address - 1: A
  • Occupied By 1: Vacant
  • Dining Room 1: Yes
  • Air Cond 1: No
  • Fireplace 1: Yes
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 1
  • Bathrooms 1: 1
  • Parking Spaces 1: 2
  • Apx Sq Ft 1: 850
  • Rent 1: 3000
Unit 2 Details
  • Unit #/Address - 2: B
  • Occupied By 2: Tenant
  • Dining Room 2: Yes
  • Air Cond 2: No
  • Fireplace 2: Yes
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Parking Spaces 2: 0
  • Apx Sq Ft 2: 850
  • Rent 2: 1000
Unit 3 Details
  • Unit #/Address - 3: C
  • Occupied By 3: Tenant
  • Dining Room 3: Yes
  • Air Cond 3: No
  • Fireplace 3: Yes
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 2
  • Bathrooms 3: 1
  • Parking Spaces 3: 0
  • Apx Sq Ft 3: 1048
  • Rent 3: 2031
Unit 4 Details
  • Unit #/Address - 4: D
  • Occupied By 4: Tenant
  • Dining Room 4: Yes
  • Air Cond 4: No
  • Fireplace 4: Yes
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 1
  • Bathrooms 4: 1
  • Parking Spaces 4: 0
  • Apx Sq Ft 4: 850
  • Rent 4: 1692
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
  • Total Deposits: 3080
Additional Information
Additional Information
  • Fireplace: No
  • Elementary School District: Berkeley (510) 644-6315
  • High School District: Berkeley (510) 644-6315

Property History for 2924 Florence 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 2924 Florence Street

Taxable ValueLand$422,200Additions$985,400Total$1,407,600
Tax Record2023$22,952 ($1,913 / month)
Home Facts
Total Finished SqFt3,598 SqFtAbove Grade Finished SqFt3,598 SqFtStories2Lot Size5,980 SqFtStyleQuadraplexYear Built1928Year Renovated1935CountyALAMEDAAPN52-1572-7

Schools near 2924 Florence 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 - 6 to 8
Rating
School
Distance
John Muir Elementary School
PublicK to 5

Malcolm X Elementary School
PublicK to 5

Emerson Elementary School
PublicK to 5

Willard Middle School
Public6 to 8

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 BING REALTY, Bing Udinsky, DRE #01876139

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.