$475,000
●
House -
Off Market
1112 Sterling Ave
Berkeley, CA 94708
4 Beds
3 Baths,
1
Half Bath
2,000 Ft²
$2,451
Est. Monthly
About This Property
VACANT PARCEL STILL AVAILABLE - Iconic Architecture! Vanguard
building concept by an owner-artist-musician & composer – but alas,
never fully realized – it soars in the Berkeley Hills. Very
substantial and solid in its current steel structure,
...possibility of repurposing what is a very dynamic voluminous
open-concept area (space and light) into a modern living area for
today's life style. The lower level has higher ceiling (+9 feet)
bottom level w bath plumbed -extensive outdoor deck allow you to
create your private life among interior and exterior art & beauty.
Former owner speaks for himself... https://vimeo.com/486476752
-possible 4 bedroom when completed --structure-parcel-buyer
($499k) the opportunity to secure the contiguous vacant parcel
($449k) for privacy, or to build. STRICTLY AS-IS Viewings are
limited & by appointment with listing broker only. ADVANCE
CRITERIA: signed liability release & disclosure index page, proof
of liquid funds or HARD-MONEY lender letter, lastly, buyer must be
accompanied by either a licensed structural engineer, architect, or
contractor. Possible 4bd 2.5ba +/- 2000 sq ft. See MLS # 41056943
Unit Size
2,000 Ft²
Days on Market
224 days
Land Size
0.15 acres
Price per sqft
$250
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1996
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #41056942)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 2, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 22, 2024 | Price Decreased |
$499,000
↓ $90K
(15.3%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $589,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Berkeley Hills
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Listed by: Gerry Bakalian, Gerry Bakalian, Broker
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 41056942
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 41056942
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