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$2,099,000
Est. payment /mo
7,949 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Elmwood
MLS Listing ID 41135230
HOA Y/N No
Year Built 1903
Lot Size 7,949 Sqft
Property Description
Rare investment opportunity on iconic College Avenue in Berkeley. This expansive single-family property features specialized use potential and flexible living configurations ideal for investors, owner-occupants, or income-focused buyers. The main residence offers four bedrooms, two bathrooms, oversized living spaces, basement access, and multiple generously sized bedrooms. Two rooms share access to a private patio deck, creating additional outdoor appeal. A separate section of the property includes seven additional bedrooms — six located on the upper level — along with two kitchens, two bathrooms, and attic access, offering versatile occupancy and layout possibilities. The property also features an attached art studio with a private entrance and dedicated bathroom. Currently operated in a manner similar to single-room occupancy (SRO) use, the property presents multiple potential income-producing opportunities, subject to buyer verification and local regulations. Possible uses may include owner-occupancy with supplemental rental income or maximizing rental potential across multiple sections. Conveniently located near shops, dining, transit, and neighborhood amenities, this property offers strong long-term investment potential. Property could benefit from and may require updates and improvements, providing an opportunity to increase ROI. Buyer to investigate and verify permit status, bedroom and bathroom count, and square footage of all living areas to their satisfaction.Buyer to verify current occupancy, rents, tenancy, lease, and expenses to their satisfaction.
Location
State CA
County Alameda
Interior
Cooling None
Fireplace No
Exterior
Total Parking Spaces 5
Others
Tax ID 5518458
Special Listing Condition Real Estate Owned
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Listed by Ashley Monasmith Monasmith Real Estate #01907449
NEARBY SCHOOL & BUSINESS
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