1205 Peralta Ave, Berkeley, California 94706, Berkeley, - bed, bath
PENDING$1,199,000
1205 Peralta Ave, Berkeley, California 94706
0Bed
0Bath
Sqft
4,400Lot
Year Built
1913
Close
-
List price
$1.2M
Original List price
$1.4M
Price/Sqft
-
HOA
-
Days on market
220 Days
Sold On
2025-11-11
MLS number
41092283
Home ConditionPoor
Features
View-
About this home
Westbrae Craftsman era 4 plex with 2 units in front building and 2 units in back building. Hardwood floors in most units. Unit 3 is remodeled and used for Airbnb. Unit 1 is vacant. Courtyard between buildings. Price just reduced.
Price History
Date
Event
Price
10/25/25
Price Change
$1,199,000-4.1%
09/07/25
Price Change
$1,250,000
04/05/25
Listing
$1,400,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (2 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 4,400 | 4,400 | 50% |
| Price | $1.2M | $1.2M | 50% |
| Price per square foot | $0 | $0 | |
| Built year | 1913 | 1942 | 33% |
| HOA | |||
| Days on market | 215 | 174 | 67% |
Condition Rating
Poor
Built in 1913, this quadruplex features only one recently remodeled unit (Unit 3) with modern kitchen, flooring, and fixtures. However, the other units, as depicted in the images, are significantly outdated with very old kitchens (worn laminate countertops, dated cabinets, old appliances, and linoleum/vinyl flooring) that require substantial rehabilitation. The advanced age of the building implies that major systems in the un-remodeled units are likely past their expected lifespan, necessitating significant capital expenditures beyond minor updates.
Pros & Cons
Pros
Income-Generating Quadruplex: As a 4-plex (quadruplex) explicitly designated for residential income, this property offers significant investment potential with multiple rental units.
Desirable Berkeley Location: Situated in the Westbrae area of Berkeley, a highly sought-after location known for strong rental demand and potential for property value appreciation.
Historic Craftsman Charm: Built in 1913, the property boasts Craftsman-era architecture, providing unique character and aesthetic appeal that can attract tenants and buyers.
Remodeled Unit & Airbnb Income: Unit 3 is remodeled and successfully utilized for Airbnb, demonstrating modern updates and a proven short-term rental income stream, offering diverse revenue potential.
Vacant Unit for Flexibility: Unit 1 is currently vacant, providing immediate flexibility for an owner-occupant or the opportunity to set market-rate rent for a new tenant without lease constraints.
Cons
Advanced Age of Building: Constructed in 1913, the property's age suggests a higher likelihood of requiring ongoing maintenance and potential significant capital expenditures for aging systems (e.g., plumbing, electrical, roof) in the un-remodeled units.
Extended Days on Market: With 220 days on market and multiple price reductions before going pending, the property may have faced challenges in attracting buyers or was initially overpriced, potentially indicating underlying issues or market resistance.
Limited Renovation Details: Only Unit 3 is explicitly mentioned as remodeled; the condition and potential renovation needs of the other three units are not specified, implying possible deferred maintenance or required upgrades for maximizing rental income across all units.