982 University Avenue

Berkeley, CA 94710

$1,198,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover a versatile investment opportunity in Berkeley! This mixed-use property features a turn-key restaurant space on the ground floor, complete with a partially equipped kitchen and historically significant bar, ideal for restaurateurs looking to launch or expand in Berkeley's vibrant market. The upper floor includes two spacious 1-bedroom apartments (rented at $1900 & $1700 per month), providing additional rental income in a high-demand area. Both units offer bright, comfortable living spaces....Discover a versatile investment opportunity in Berkeley! This mixed-use property features a turn-key restaurant space on the ground floor, complete with a partially equipped kitchen and historically significant bar, ideal for restaurateurs looking to launch or expand in Berkeley's vibrant market. The upper floor includes two spacious 1-bedroom apartments (rented at $1900 & $1700 per month), providing additional rental income in a high-demand area. Both units offer bright, comfortable living spaces. There is also a large storage structure behind the property on a decent size back yard. Located on a bustling stretch of University Avenue, the property is just minutes from UC Berkeley, local transit, and a variety of shops, dining, and amenities, ensuring a steady flow of foot traffic and potential clientele. Whether you're an investor, owner-operator, or developer, this property offers immediate income potential and a prime location in the heart of Berkeley.
  1. Listed by Brian Merrion • DRE #01940486 • Brokerage DRE #01940486 • Brian A. Merrion, Broker

Property Details for 982 University Avenue

Cross Street
8th
Total Parking Spaces
0
LISTING UPDATED: 10/28/2024 04:47 PM

Property Details for 982 University Avenue

StatusActive
MLS #424076798
Days on Compass54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built-
Lot Size0.08 AC / 3,497 SF
CountyAlameda County

Building Information for 982 University Avenue

Stories-Residences-Year Built-Lot Size0.08 AC / 3,497 SF

Property Information for 982 University Avenue

Summary
Location and General Information
  • Area/District: Berkeley Map Area 6
  • Area Short Display: 2306
  • Location Description: Berkeley Map Area 6
Taxes and HOA Information
  • APN: 56-1972-4
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
Parking
  • Num of Parking Spaces: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Property and Assessments
  • Possession: Close of Escrow, Negotiable
  • Picture Count: 24
  • Photos Provided By: Agent
  • Current Use: Mixed Use, Residential, Restaurant, Retail
Green Features
  • Green Verification Year: 0
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • Stories: 0
Interior Features
  • Full Bathrooms: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 0.0

Property History for 982 University 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 982 University Avenue

Taxable ValueLand$51,794Additions$49,308Total$101,102
Tax Record2024$7,606 ($634 / month)
Home Facts
Total Finished SqFt3,436 SqFtAbove Grade Finished SqFt3,436 SqFtStories2Lot Size3,500 SqFtStyleOffice BuildingYear Built1893Year Renovated1925CountyALAMEDAAPN56-1972-4

Schools near 982 University 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 - K to 5
Rating
School
Distance
Ruth Acty Elementary
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Thousand Oaks Elementary School
PublicK to 5

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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982 University Avenue is a mixed use property for sale in Berkeley, CA 94710. This property was listed for sale on October 28, 2024 by Brian A. Merrion, Broker, it's currently listed at $1,198,000. This listing's school district is Berkeley Unified School District. Nearby schools include Ruth Acty Elementary, Berkeley Arts Magnet at Whittier School and Thousand Oaks Elementary School. 982 University Avenue is a 0-bed, 0-bath, mixed use property.

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 Brian A. Merrion, Broker, Brian Merrion, DRE #01940486

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.