915 Dwight Way, Berkeley, California 94710, Berkeley, - bed, bath
ACTIVE$1,249,000
915 Dwight Way, Berkeley, California 94710
0Bed
0Bath
Sqft
5,005Lot
Year Built
1943
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41096205
Home ConditionGood
Features
View-
About this home
4 plex in Berkeley, 2 units with 1 bedroom 1 bath, 2 units with 2 bedroom 1 bath. 909, 911 and 913 has been remodeled. 909 and 911 with section 8. Good upside potential.
Nearby schools
6/10
Malcolm X Elementary School
Public,•K-5•1.2mi
7/10
Washington Elementary School
Public,•K-5•1.2mi
7/10
Jefferson Elementary School
Public,•K-5•1.4mi
5/10
Oxford Elementary School
Public,•K-5•2.3mi
5/10
Thousand Oaks Elementary School
Public,•K-5•2.4mi
7/10
Cragmont Elementary School
Public,•K-5•2.8mi
7/10
Martin Luther King Middle School
Public,•6-8•1.7mi
8/10
Berkeley High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
05/05/25
Listing
$1,249,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 5,005 | 4,359 | 50% |
| Price | $1.25M | $1.26M | 50% |
| Price per square foot | $0 | $357 | |
| Built year | 1943 | 9680972 | 100% |
| HOA | |||
| Days on market | 184 | 192 | 50% |
Condition Rating
Good
The property, built in 1943, has had three of its four units (909, 911, and 913) remodeled, as stated in the description. The images support this, showing updated kitchens with functional appliances and decent cabinetry, and bathrooms with tiled surrounds and updated vanities/fixtures. While not high-end or brand new, these renovations appear to be within the last 5-15 years, making the units move-in ready with no immediate renovation required. Flooring is generally in good condition, and while heating systems appear to be older wall units, they are functional. The overall condition suggests a well-maintained property that has undergone significant updates, aligning with the 'Good' criteria.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex, this property offers multiple rental income streams, making it an attractive investment for cash flow and portfolio diversification.
Prime Location: Located in Berkeley, California, a highly desirable and competitive real estate market known for strong rental demand and potential for property value appreciation.
Partial Renovations Completed: Three out of four units (909, 911, 913) have been remodeled, which can attract higher-quality tenants, command better rents, and reduce immediate renovation costs for those units.
Stable Rental Income: Two units are occupied by Section 8 tenants, providing reliable, government-backed rental payments and reducing vacancy risk for a portion of the property.
Identified Upside Potential: The listing explicitly notes 'Good upside potential,' suggesting opportunities for a new owner to increase value through rent optimization, further renovations, or market appreciation.
Cons
Property Age & Potential Deferred Maintenance: Built in 1943, the property is over 80 years old, which may indicate aging infrastructure (plumbing, electrical, roof) and potential for significant maintenance or upgrade costs, particularly in common areas or the unremodeled unit.
Unremodeled Unit: One unit is not explicitly mentioned as remodeled, implying it may require substantial capital investment to bring it up to the standard of the other units and maximize its rental income potential.
Section 8 Program Constraints: While providing stable income, Section 8 tenancy can involve specific regulatory requirements, inspection standards, and potentially capped rental rates that may limit rent growth on those units compared to market rates.