3005 Harper Street, Berkeley, California 94703, Berkeley, - bed, bath

home-pic
ACTIVE$2,050,000
3005 Harper Street, Berkeley, California 94703
0Bed
0Bath
4,013Sqft
6,101Lot
Year Built
1905
Close
-
List price
$2.05M
Original List price
$2.05M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015223
Home ConditionGood
Features
Deck
View-

About this home

Rare 5-Unit Investment Gem in Prime Berkeley Location! 13 Bedrooms + 10 Bathrooms + Walk to UC Berkeley Unlock a unique opportunity to own a spacious and well-maintained 5-unit multifamily property in one of Berkeleys most sought-after neighborhoods. *Property Highlights Main Building Renovated in 2007: Comprehensive upgrades include new flooring, foundation work, plumbing, electrical wiring, roof, and refreshed interior/exterior wallsensuring long-term durability and low maintenance. Modern ADUs Built in 2023: Each 3BD/3BA unit features paid-off solar panels, central A/C, and energy-efficient systemsbuilt for comfort and reduced utility expenses. *Prime Location 25-minute walk / 9-minute bike ride to UC Berkeley 3-minute walk to Ashby BART direct access to SF and Oakland Steps from acclaimed dining, local cafes, and tech/startup hubs Located in a safe, quiet, tree-lined neighborhood *Investment Summary This is a rare, turnkey asset with a combination of modern construction, extensive renovations, and an unbeatable location. Whether you're looking for stable income or long-term appreciation, this property checks all the boxes for a high-performing Berkeley investment.

Nearby schools

6/10
Malcolm X Elementary School
Public,K-50.1mi
6/10
Leconte Elementary School
Public,K-50.6mi
1/10
Sankofa Academy
Public,PK-50.6mi
8/10
Peralta Elementary School
Public,K-50.8mi
7/10
Washington Elementary School
Public,K-50.9mi
7/10
Emerson Elementary School
Public,K-51.2mi
6/10
John Muir Elementary School
Public,K-51.4mi
5/10
Oxford Elementary School
Public,K-52.3mi
7/10
Cragmont Elementary School
Public,K-52.7mi
8/10
Willard Middle School
Public,6-80.8mi
6/10
Claremont Middle School
Public,6-81.2mi
7/10
Martin Luther King Middle School
Public,6-81.9mi
8/10
Berkeley High School
Public,9-121.0mi
2/10
Oakland International High School
Public,9-121.5mi
7/10
Oakland Technical High School
Public,9-121.8mi
2/10
Fremont High
Public,9-126.5mi

Price History

Date
Event
Price
07/18/25
Listing
$2,050,000
Condition Rating
Good

This 5-unit property features a mix of conditions. The newly built ADUs (2023) are in excellent condition with modern kitchens, bathrooms, and systems (including solar and central A/C). The main building, extensively renovated in 2007 (17 years ago) with comprehensive upgrades to foundation, plumbing, electrical, and roof, is well-maintained and move-in ready. While the kitchens and bathrooms in the main building units reflect a mid-2000s style, they are functional and clean. The overall property is in good condition, offering a blend of brand-new and well-maintained, recently updated components.
Pros & Cons

Pros

Exceptional Income Potential: A rare 5-unit property with 13 bedrooms and 10 bathrooms in a high-demand university market like Berkeley ensures strong, stable rental income and long-term appreciation.
Unbeatable Prime Location: Strategically located a 3-minute walk to Ashby BART and a short walk/bike ride to UC Berkeley, surrounded by dining and tech hubs, offering unparalleled tenant convenience and demand.
Modern, Energy-Efficient ADUs: Newly constructed (2023) ADUs feature paid-off solar panels, central A/C, and energy-efficient systems, appealing to modern tenants and reducing utility expenses.
Extensive Main Building Upgrades: The main building underwent comprehensive renovations in 2007, including foundation, plumbing, electrical, and roof, significantly mitigating risks associated with an older structure.
Turnkey Investment Opportunity: Described as a 'turnkey asset,' this property is ready for immediate income generation with minimal deferred maintenance, appealing to investors seeking immediate returns.

Cons

Age of Original Structure: Despite significant renovations, the main building's 1905 origin may still present unforeseen long-term maintenance considerations or limitations inherent to very old construction.
Berkeley's Regulatory Environment: Operating a multi-unit property in Berkeley requires navigating stringent rent control and tenant protection laws, which can impact rent growth and property management flexibility.
High Capital Investment: The $2.05M list price represents a substantial investment, potentially limiting the pool of buyers and requiring a robust financial analysis to ensure desired cap rates and returns.

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