1512 Walnut St, Berkeley, California 94709, Berkeley, - bed, bath
ACTIVE$1,980,000
1512 Walnut St, Berkeley, California 94709
0Bed
0Bath
Sqft
4,788Lot
Year Built
1910
Close
-
List price
$1.98M
Original List price
$1.98M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41115044
Home ConditionFair
Features
Good View: Water
Deck
Spa
ViewWater
About this home
Rare opportunity to own in the heart of Berkeley’s Gourmet Ghetto. Located on a quiet residential street just steps from Chez Panisse, Peet’s Coffee, and Epicurious Garden, 1512 Walnut features two main units: a flexible 1BD/1BA (convertible to 2BD), and a two-level 3BD/1.5BA with Bay-view balcony and hot tub. Both delivered vacant. Bonus features include a basement bonus unit, four separate storage areas, five off-street parking spaces, and on-site and in-unit laundry. Just four blocks from UC Berkeley’s Northside campus. Ideal for owner-occupants or investors seeking multiple income streams from residential units, parking, storage, and more—all in one of Berkeley’s most vibrant and amenity-rich neighborhoods.
Price History
Date
Event
Price
10/17/25
Listing
$1,980,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (4 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 4,788 | 4,500 | 60% |
| Price | $1.98M | $1.5M | 80% |
| Price per square foot | $0 | $0 | |
| Built year | 1910 | 1912 | 40% |
| HOA | |||
| Days on market | 18 | 55 | 20% |
Condition Rating
Fair
The property, built in 1910, presents a mixed condition. While some areas, like one of the kitchens (Image 7) with its modern stainless steel appliances, light wood cabinets, and white countertops, appear to have been recently updated, another kitchen (Image 9) is significantly dated with blue laminate countertops, white cabinets with wood trim, parquet flooring, and older black appliances, indicative of renovations 20-40 years ago. The main living areas feature well-maintained hardwood floors and classic wood paneling, preserving the home's original character but not reflecting a modern aesthetic. Overall, the property is aged but maintained, with functional components that show signs of being outdated in some key areas, particularly one of the kitchens, requiring substantial updates to meet current standards.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable Berkeley's Gourmet Ghetto, steps from renowned establishments like Chez Panisse and Peet's Coffee, and just four blocks from UC Berkeley, offering exceptional walkability and appeal.
Exceptional Income Potential: Features two main units (1BD/1BA convertible to 2BD, and 3BD/1.5BA) plus a basement bonus unit, delivered vacant, providing immediate opportunity for multiple income streams from residential, parking, and storage.
Valuable Off-Street Parking: Includes five off-street parking spaces, a significant and rare amenity in a dense urban area like Berkeley, adding considerable value and convenience.
Desirable Views & Amenities: The two-level unit boasts a Bay-view balcony and a hot tub, enhancing lifestyle appeal and potential rental desirability.
Versatile Investment Opportunity: Ideal for both owner-occupants seeking rental income to offset costs and investors looking for a robust asset with diverse revenue potential in a high-demand market.
Cons
Age-Related Maintenance & Upgrades: Built in 1910, the property may require significant capital expenditures for updates to core systems (e.g., plumbing, electrical, foundation) and ongoing maintenance typical of historic buildings.
Lack of Modern Comforts: The description does not mention a cooling system, which could be a drawback for comfort during warmer months and potentially impact tenant attraction or resale value.
Complex Management: While offering multiple income streams, managing diverse units (residential, parking, storage) and configurations can be complex and time-consuming for an owner or property manager.