OFF MARKET

Off Market Jan 2020 for $4M

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Est. refi paymentEst. refi $10,116/mo

—

•

— ba

•

11,480

sq ft

968 Addison St, Berkeley, CA 94710

About this home

Over 8% Cap Rate on Market Rents! 4.7% Cap Rate Day 1! 18 units in West Berkeley with huge upside potential. Situated on nearly half an acre and with one to one parking, this property offers tremendous intrinsic value with long term development potential. 968 Addison Street consists of twelve (12) 1-bed 1-bath units and six (6) 2-bed 1-bath units. Six of the units have recently been fully remodeled all the way down to the studs. With a market cap rate of over 8%, this building provides long term upside for future owner. The property is also located in an Economic Opportunity Zone.

Multi-familyProperty Type

1943Year Built

0.46 acresLot Size

$352Price/Sq.Ft.

Listed by Grant Chappell •DRE #01700439 • NAI Northern California

Listed by John Caronna •DRE #01898437 • NAI Northern California

Bought with Robert Johnston •DRE #01853816 • Marcus & Millichap

Redfin checked: a minute ago

•Source:bridgeMLS, Bay East AOR, or Contra Costa AOR #40870749

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 94710, CA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

117.0%

4.4% MoM

Median sale price

$1.3M

$125K MoM

Avg. days on market

25d

11 days MoM

Recently sold homes

2 MoM

New listings for sale

3D & VIDEO TOUR
$699,000
2 beds1 bath966 sq ft
800 Delaware St #1020, Berkeley, CA 94710
HOT HOME
$950,000
3 beds3 baths1,250 sq ft
2421 9th St, Berkeley, CA 94710
See all

Provided by Redfin

Sale history for 968 Addison St

Date

Event

Price

APPFOLIO #1

Jul 20, 2024

Rental Removed

$2,195

$0/sq ft

May 12, 2024

Listed for Rent

$2,195

$0/sq ft

bridgeMLS, Bay East AOR, or Contra Costa AOR #40870749

Jan 12, 2020

Sold

$4,045,000

$352/sq ft

Jun 19, 2019

Listed

$4,250,000

$370/sq ft

SDMLS #301760116

Jun 15, 2019

Listing Removed

—

May 2, 2019

Listed

$4,250,000

$370/sq ft

SDMLS #301756165

May 1, 2019

Listing Removed

—

Feb 1, 2019

Listed

$4,750,000

$414/sq ft

bridgeMLS, Bay East AOR, or Contra Costa AOR #40345018

Jan 30, 2009

Sold

$1,565,000

$136/sq ft

May 23, 2008

Listed

$1,820,000

$159/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$73,796 (+1.0%)

$1,500,000 + $2,301,000

$3,801,000

2024

$73,095 (+2.2%)

$1,500,000 + $2,301,000

$3,801,000

2023

$71,517 (+2.0%)

$1,608,285 + $2,713,712

$4,321,997

2022

$70,094

$1,545,840 + $2,608,347

$4,154,187

2021

$70,160 (+39.4%)

$1,545,840 + $2,608,347

$4,154,187

2020

$50,345 (+5.7%)

$1,515,540 + $2,557,221

$4,072,761

2019

$47,641 (+2.0%)

$681,924 + $2,052,268

$2,734,192

2018

$46,699 (+4.2%)

$668,556 + $2,012,035

$2,680,591

2017

$44,815 (+4.3%)

$642,600 + $1,933,920

$2,576,520

2016

$42,963 (+33.9%)

$642,600 + $1,933,920

$2,576,520

2015

$32,084 (+1.1%)

$630,000 + $1,896,000

$2,526,000

2014

$31,747 (+0.1%)

$490,574 + $1,143,972

$1,634,546

2013

$31,713 (+3.6%)

$490,574 + $1,143,972

$1,634,546

2012

$30,625 (+1.9%)

$488,360 + $1,138,810

$1,627,170

2011

$30,049 (+0.8%)

$478,787 + $1,116,486

$1,595,273

2010

$29,808 (+74.9%)

$469,400 + $1,094,597

$1,563,997

2009

$17,044 (+7.3%)

$465,893 + $1,086,419

$1,552,312

2008

$15,890

$164,109 + $356,608

$520,717

Tax history for 968 Addison St

Year

Property tax

Land + Additions

Assessment*

2025

$73,796 (+1.0%)

$1,500,000 + $2,301,000

$3,801,000

2024

$73,095 (+2.2%)

$1,500,000 + $2,301,000

$3,801,000

2023

$71,517 (+2.0%)

$1,608,285 + $2,713,712

$4,321,997

2022

$70,094

$1,545,840 + $2,608,347

$4,154,187

2021

$70,160 (+39.4%)

$1,545,840 + $2,608,347

$4,154,187

2020

$50,345 (+5.7%)

$1,515,540 + $2,557,221

$4,072,761

2019

$47,641 (+2.0%)

$681,924 + $2,052,268

$2,734,192

2018

$46,699 (+4.2%)

$668,556 + $2,012,035

$2,680,591

2017

$44,815 (+4.3%)

$642,600 + $1,933,920

$2,576,520

2016

$42,963 (+33.9%)

$642,600 + $1,933,920

$2,576,520

2015

$32,084 (+1.1%)

$630,000 + $1,896,000

$2,526,000

2014

$31,747 (+0.1%)

$490,574 + $1,143,972

$1,634,546

2013

$31,713 (+3.6%)

$490,574 + $1,143,972

$1,634,546

2012

$30,625 (+1.9%)

$488,360 + $1,138,810

$1,627,170

2011

$30,049 (+0.8%)

$478,787 + $1,116,486

$1,595,273

2010

$29,808 (+74.9%)

$469,400 + $1,094,597

$1,563,997

2009

$17,044 (+7.3%)

$465,893 + $1,086,419

$1,552,312

2008

$15,890

$164,109 + $356,608

$520,717

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.46 Acres

Year renovated

1943

Sq. Ft.

11,480

Year built

1943

Style

Multi-Family (5+ Unit)

County

Alameda County

APN

056 197100501

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 28, 2026.

R-1A

Limited Two-Family Residential District

The purpose of the Limited Two-Family Residential district is to: Recognize and protect the existing pattern of low medium-density residential areas characterized by reasonable open and spacious type of development consistent with the General Plan; Protect adjacent properties from unreasonable obstruction of light and air; Allow flexibility in the use of property for residential purposes by permitting two dwelling units on one lot under limited conditions; and Appropriately regulate the rear and side setback areas for the construction of a dwelling unit in areas west of San Pablo Avenue.

Permitted uses

Include but are not limited to:

Agriculture-Other
Park & open space

Property details

Parking

Parking Information
Total # of Parking Spaces: 18
Parking Features: Parking Lot

Interior

Unit 1 Information
# of Unit 1 Type: 12
Unit 1 # of Bedrooms: 1
Unit 1 # of Bathrooms: 1

Unit 2 Information
# of Unit 2 Type: 6
Unit 2 # of Bedrooms: 2
Unit 2 # of Bathrooms: 1

Multi-Unit Information
Number Of Units Total: 18
Cap Rate: 4.68

Exterior

Building Information
Building Area Total: 11,480

Exterior Features
Roof: Shingle

Property Information
Living Area: 11480
Living Area Units: Square Feet
Property Type: COMM RI MULTI-UNITS 5+
Property Sub Type: Apt Complex
Year Built: 1943

Lot Information
Lot Size Square Feet: 20000
Lot Size Area: 0.46
Lot Size Units: Acres
Lot Size Acres: 0.46

Financial

Tax Information
Tax Annual Amount: $999

Utilities

Utility Information
Separate Meter: Electric, Gas
Utilities: Other Water/Sewer

Heating & Cooling
Has Heating
Heating: Wall Furnace

Public facts

Beds: 25
Baths: 18.0
Sq. Ft.: 11,480
Stories: 2.0
Lot Size: 0.46 acres
Style: Multi-Family (5+ Unit)
Year Built: 1943
Year Renovated: 1943
County: Alameda County
APN: 056 197100501

Home facts updated by county records on Jul 28, 2026

Around this home

Schools

Rosa Parks Environmental Science Magnet School

Public K-5 • Assigned • 0.1mi

9/10

Martin Luther King Middle School

Public 6-8 • Assigned • 1.4mi

9/10

Berkeley High School

Public 9-12 • Assigned • 1.3mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 82° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

16 unhealthy days expected this year, 16 days in 30 years

Provided by First Street

Historical weather

Berkeley, CA • 94710

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

80/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.1 hrs

5 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 94710

3D & VIDEO TOUR

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HOT HOME

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Home values near 968 Addison St

Data from public records.

Address	Redfin Estimate
933 Addison St Apt B, Berkeley, CA 2 Beds \| 1 Baths \| 866 Sq. Ft.	$541,133
933 Addison St Apt F, Berkeley, CA 2 Beds \| 1 Baths \| 744 Sq. Ft.	$525,368

Address	Redfin Estimate
933 Addison St Apt E, Berkeley, CA 2 Beds \| 1 Baths \| 914 Sq. Ft.	$545,281
933 Addison St Apt C, Berkeley, CA 2 Beds \| 1 Baths \| 744 Sq. Ft.	$505,880

Address	Redfin Estimate
933 Addison St Apt D, Berkeley, CA 1 Beds \| 1 Baths \| 583 Sq. Ft.	$413,336
933 Addison St Apt G, Berkeley, CA 1 Beds \| 1 Baths \| 583 Sq. Ft.	$483,118

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 94710, CA

Sale history for 968 Addison St

Tax history for 968 Addison St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 94710

Home values near 968 Addison St

More real estate resources