2924 Claremont Avenue

Berkeley, CA 94705

$5,000,000
Price
Beds
12,672 Sq. Ft.
$395 / Sq. Ft.
12,672
Sq. Ft.
$395
per Sq. Ft.

Description

2924 Claremont Ave is a 12-unit, 12,627 SF multifamily building with a 1,000 SF space converted into a unit on the ground floor, bringing the property to 13 units and 13,627 SF. The unit mix consists of three (3) 630 SF 1bd/1ba units, seven (7) 1,000 SF 2bd/1ba units and three (3) 1,000 SF 3bd/1ba units (previously 2bd/1ba units with partial living room space converted into bedrooms). Built in 1922, the property exudes 1920s charm with original period details, including crown molding, wall fixtures,...2924 Claremont Ave is a 12-unit, 12,627 SF multifamily building with a 1,000 SF space converted into a unit on the ground floor, bringing the property to 13 units and 13,627 SF. The unit mix consists of three (3) 630 SF 1bd/1ba units, seven (7) 1,000 SF 2bd/1ba units and three (3) 1,000 SF 3bd/1ba units (previously 2bd/1ba units with partial living room space converted into bedrooms). Built in 1922, the property exudes 1920s charm with original period details, including crown molding, wall fixtures, fireplaces and hardwood floors. The units are all individually metered for electricity while water and radiant heating are centrally managed. The property is located in the timeless Claremont neighborhood which is equidistant between the edge of UC Berkeley campus (1 mi) and Rockridge BART (1 mi), attracting students and young professionals who enjoy the pace of life in the Berkeley Hills.
  1. Listed by Grant Chappell • DRE #01700439 • NAI Northern California

Property Details for 2924 Claremont Avenue

City
BERKELEY
Dist Neighborhood Subdiv
CLAREMONT
Building Type
Lowrise (1-3 Flrs)
Property Sub Type
Lowrise (1-3 Flrs)
Garage/Parking
No Parking
View
Bay
Total # Parking Spaces
0
LISTING UPDATED: 01/06/2025 09:17 AM

Property Details for 2924 Claremont Avenue

StatusNew
MLS #41081569
Days on Compass2
Taxes$93,505 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1922
Lot Size0.16 AC / 7,100 SF
CountyAlameda County

Building Information for 2924 Claremont Avenue

Stories-Residences12Year Built1922Building Size-Lot Size0.16 AC / 7,100 SF

Property Information for 2924 Claremont Avenue

Features
Feature Details
  • Flooring: Wood
Room Details
  • Additional Rooms: Basement - Apartment
Utility Details
  • Cooling: Other
  • Heating: Radiant
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA: No
Property Details
  • Additional Equipment: All Public Utilities
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Corner
  • Lot Sq Ft Apx: 7100
  • Lot Size Square Feet: 7100.0
  • Roof: Shingle
  • Sq Ft Apx: 12672
  • Year Built: 1922
  • Zoning: R-3
Location Details
  • Directions to Property: NE Corner at Claremont & Ashby
  • FIPS Code: 06001
  • New Subdivision: No
  • Census Tract: 4237
  • Parcel Number: 52-1565-23
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 12
  • Basement: Apt In Basement
  • Separate Meters: Electric
  • Tenant Pays: Electric
  • Financial Data Source: Owner
Income / Expense Details
  • Operating Expenses: Insurance, License/Ads, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 3
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: Yes
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 0
  • Unit # 1 Approx SqFt: 630
Unit 2
  • Unit 2 # Units This Type?: 7
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Dining Room: Yes
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: Yes
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 0
  • Unit # 2 Approx SqFt: 1000
Unit 3
  • Unit 3 # Units This Type?: 3
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: Yes
  • Unit # 3 Air Cond: Yes
  • Unit # 3 Fireplace: Yes
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 3
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 0
  • Unit # 3 Approx SqFt: 1000
Building Details
  • Additional Features-Misc: Wired For Cable TV
  • Apx Lot Acres: 0
  • On Site Parking Description: No Parking on Site
  • Tot Ann Oper Exp: 148050.0
  • Units - Other: Other
Income / Expense Details
  • Annual Exp Year: 2024
  • Annual Gross Sched Income: $400,901
  • Annual Insurance Expense: $13,672
  • Annual License Expense: $4,472
  • Annual Maint Expense: $6,500
  • Annual Rent Income: $400,901
  • Annual Taxes: $93,505
  • Annual Util Expense: $29,900
  • Annual Vacancy: 12027.0
  • Gross Income: $400,901
  • Gross Operating Actual Income: $388,874
  • Gross Rent Multiplier: 12.47
  • Net Operating Income: $240,824
Other Financial Information
  • Apprx Equity: 3250000.0
  • Cap Rate: 4.84
  • Existing Loan: Fixed
  • Ocpnt Req 24 Hr: No
Additional Information
Additional Information
  • Fireplace: No

Property History for 2924 Claremont Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2924 Claremont Avenue

Taxable ValueLand$1,082,424Additions$2,307,048Total$3,389,472
Tax Record2024$62,927 ($5,244 / month)
Home Facts
Total Finished SqFt12,672 SqFtAbove Grade Finished SqFt12,672 SqFtStories3Lot Size7,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1922CountyALAMEDAAPN52-1565-23

Schools near 2924 Claremont Avenue

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Emerson Elementary School
PublicK to 5

Malcolm X Elementary School
PublicK to 5

John Muir Elementary School
PublicK to 5

Willard Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2924 Claremont Avenue is a multi-family home for sale in Berkeley, CA 94705. This property was listed for sale on January 6, 2025 by NAI Northern California, it's currently listed at $5,000,000. It has been on the market for a total of 2 days and was last sold on March 12, 2021. This listing's school district is Berkeley Unified School District. Nearby schools include Emerson Elementary School, Malcolm X Elementary School and John Muir Elementary School. 2924 Claremont Avenue is a 0-bed, 0-bath, 12,672 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Northern California, Grant Chappell, DRE #01700439

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.