1118 Dwight Way, Berkeley, California 94702, Berkeley, - bed, bath

home-pic
ACTIVE$915,000
1118 Dwight Way, Berkeley, California 94702
0Bed
0Bath
Sqft
4,550Lot
Year Built
1906
Close
-
List price
$915K
Original List price
$915K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41100843
Home ConditionPoor
Features
View-

About this home

This well-located duplex on Dwight Way is conveniently close to a variety of shops, restaurants, and public transportation!

Price History

Date
Event
Price
06/20/25
Listing
$915,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (9 Listings)
Beds00
Baths00
Square foot00
Lot Size4,5504,523
50%
Price$915K$1.17M
30%
Price per square foot$0$0
Built year19069615964
20%
HOA
Days on market138168
30%
Condition Rating
Poor

The property was built in 1906. While the exterior appears to have been maintained or cosmetically updated (siding, paint, garage doors look newer), there are no interior images or descriptions of renovations. For a home built over 100 years ago, it is highly probable that the interior, especially the kitchen and bathrooms, are severely outdated and require substantial rehabilitation. Major systems (plumbing, electrical, HVAC) are also likely to be original or very old, requiring significant upgrades for safety, functionality, and modern living standards. The lack of interior information for such an old property strongly suggests deferred maintenance on critical components, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Income Property (Triplex): Explicitly a 'Residential Income' property with a 'Triplex' sub-type, offering multiple rental units and strong cash flow potential for investors.
Prime Berkeley Location: Situated on 'Dwight Way' in Berkeley, a highly desirable and competitive market known for strong property values and consistent rental demand.
Exceptional Walkability & Transit Access: Conveniently close to a variety of shops, restaurants, and public transportation, significantly enhancing tenant appeal and lifestyle.
High Rental Demand Market: Berkeley's robust rental market, driven by the university and local economy, ensures consistent tenant interest and potential for stable occupancy.
Investment Potential: The combination of an income-generating asset in a sought-after location makes this an attractive long-term investment opportunity.

Cons

Advanced Age (1906 Build): Built in 1906, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and structural concerns.
Likely Need for Capital Improvements: Due to its age, the property will likely require substantial investment for modernization, system upgrades, and cosmetic renovations to maximize rental income and tenant appeal.
Ambiguity in Unit Count: The description states 'duplex' while the 'sub_type' is 'Triplex,' creating a discrepancy that requires clarification for accurate valuation and income projection.

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