$1,800,000
●
Land -
Off Market
661 Euclid Ave Parcel ABC
Berkeley, CA 94708
Studio
0 Bath
$2,481,553
RealtyHop Estimate
32.35%
Since Jan 1, 2019
CA-San Francisco
Primary Model
About This Property
Rarely available view property in the desirable Berkeley hills with
unique opportunity to build a community of homes on 3 separate
adjacent parcels. Architectural floorplans and renderings
zoning preapproved for 3 two story, 4 bedroom 2.5 bath homes, each
with level in access to garage parking and views of San Francisco,
the Bay, Bay Bridge, Golden Gate Bridge and Mount Tamalpais.
The upper Parcel A lot already consists of a permitted 1 Bed
1 Bath remodeled casita, great to occupy while building a new main
home on the ~ 7167 SqFt level lot, maintaining the 1 Bed cottage as
a secondary unit. Additionally includes NW Parcel B ~ 6816
Sqft and SW Parcel C ~ 5200 Sqft, each with zoning approved
renderings for new 4BD 2.5BA homes. Easy access to Tilden
Park, the UC Berkeley campus or down Marin Ave to multiple shopping
districts. Views: Downtown
Unit Size
-
Days on Market
102 days
Land Size
0.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
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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: 4 months ago (bridgeMLS/CCAR/Bay East AOR #40837807)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 20, 2018 | Sold | ||
| Sold | |||
| Sep 9, 2018 | Listed by COMPASS | $1,875,000 | |
| Listed by COMPASS | |||
Property Highlights
Parking Available
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About Berkeley Hills
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Listed by: PERRY RIANI, COMPASS
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40837807
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40837807
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