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1283 University AvenueBerkeley, CA 94702

For Sale

$1,399,000

Smart Buyer Rebate $13,990

Marcus & Millichap has been selected to exclusively market for sale 1283 University Ave, an exceptional asset located in the thriving city of Berkeley, California. Situated on a large parcel of land totaling 5,693 square feet, the property offers its tenants four (4) spacious one-bedroom/one-bathroom floor plans. 1283 University is conveniently located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized institution and prides itself on being the number one public university in the nation and the fourth best globally. 1283 University Ave is one of the highest current CAP rates of any four-plex on market, and presents an attractive choice for investors looking to expand their portfolio in core Bay Area.

Listed by Eymon Binesh

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License #02060059

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Marcus & Millichap

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650-546-1030

Last updated August 20, 2025

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Source: MLSListings #ML82011080

Listing Facts

  • TypeMulti-family
  • NeighborhoodWest Berkeley
  • Days on Prevu87
  • Taxes$22,594/year
  • Size2,650 sqft
  • Price per sqft$528

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

08/21/2025
Price Decreased
$1,399,000
06/14/2025
Listed by Marcus & Millichap
$1,450,000

Property Details for 1283 University Avenue

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Composition
  • Stories: 2
  • Year Built: 1943
  • Year Built Details: 2

Measurements

  • Building Area Total: 2,650
  • Lot Size Acres: 0.13
  • Lot Size Area: 5,693
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,693
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.3
  • Gross Income: $109,975.00
  • Operating Expense Includes: Insurance, Trash, Vacancy Allowance, Water/Sewer

Taxes

  • Parcel Number: 057-2081-025
  • Tax Annual Amount: $22,594.00

Interior

Features

  • Flooring: Laminate, Vinyl/Linoleum

Measurements

  • Living Area: 2,650

Other

Features

  • Accessibility Features: Parking

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Garage Spaces: 4
  • Garage: Yes
  • Parking Features: Off-Street Parking
  • Parking Total: 4

Schools

Elementary School

  • Elementary School District: Berkeley Unified

High School

  • High School District: Berkeley Unified

Utilities

Equipment

  • Heating: Electric, Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.