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    1418 Spruce St, Berkeley, CA 94709

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    For Sale
    $1,998,000

    MULTI_FAMILY - Berkeley, CA

    Property size:
    3,894 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $513/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 1418 Spruce St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Rooms
    Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 2
    Parking features
    Off Street
    Interior features
    Tub w/Shower Over
    Exterior features
    Back Yard, Front Yard, Garden/Play, Side Yard, Sprinklers Automatic, Garden, Landscape Back, Landscape Front, Low Maintenance
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dryer, Washer, Gas Water Heater
    Standard status
    Active
    APN
    59225710
    Size
    3,894 SF
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1885
    Flooring type
    Hardwood, Vinyl, Laminate, Tile
    Building materials
    Stucco, Wood Siding

    We can help!

    Listing Contact
    Joshua Dickinson

    Listing agent Joshua Dickinson

    Listing office KW Advisors East Bay 4937 Telegraph Ave. Ste.# A, Oakland, CA

    Listing date Jun 3, 2026

    MLS# 41137013 Listing URL

    Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Spruce Estate includes an 1885 Victorian main residence plus a separate 2‑bedroom lower‑level unit and three 1920s bungalow‑style cottages.
    • Main home offers 3 bedrooms and 2 baths, featuring an Italianate porch, bay windows, ceiling rosettes, and board & batten paneling.
    • Garden‑centered grounds with mature fruit trees, edible gardens, raised beds, and multiple patios and garden nooks, plus automatic sprinklers.
    • Rear carriage house retains its converted garage history with wooden swing‑out doors, offering additional flexible space.
    • Interior amenities include forced‑air heating, a fireplace, tile/vinyl/laminate/hardwood flooring, and a gas water heater.
    • Utilities include public sewer, with off‑street parking and laundry appliances (washer and dryer).

    Overview

    The Spruce Estate offers a mix of residential and flexible living spaces organized around a restored 1885 Victorian main residence. The architecturally significant home features soaring ceilings and detailing including an Italianate porch, bay windows, ceiling rosettes, and board & batten paneling. The upper residence provides a spacious 3-bedroom, 2-bath layout, complemented by a separate 2-bedroom lower-level unit that can support guests, extended-family living, rental arrangements, or creative workspace.

    Set beyond winding garden paths, the property includes three 1920s Berkeley bungalow-style cottages with stucco exteriors and tiny porticos, each designed for privacy and indoor-outdoor connection. A rear carriage house retains its history as a converted garage, with wooden swing-out doors on the facade, offering additional adaptable space for offices, studio use, recreation, or other future possibilities. Outdoor amenities are a centerpiece, with mature fruit trees and edible gardens, raised beds, and multiple private patios and garden nooks.

    Located in Berkeley’s North Berkeley area near local shops and cafes, this multifamily estate can suit a range of buyers seeking a multigenerational setup, a creative retreat, or an income-oriented configuration. The property sits on approximately 0.28 acres and includes 3,894 square feet of building area, with a Home Energy Score of 8.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michael James Reid ... Business Management Consultant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.266411
    Latitude
    37.881725

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    FAQs

    What type of property is this?
    Apartment building - A garden-centered estate combining a restored Victorian home, cottages, and flexible carriage house space.
    Where is this apartment building located?
    The property is located at 1418 Spruce St Berkeley, CA.
    What is the asking price?
    The asking price for this property is $1,998,000.
    What are key features of this property?
    This property features: Spruce Estate includes an 1885 Victorian main residence plus a separate 2‑bedroom lower‑level unit and three 1920s bungalow‑style cottages.; Main home offers 3 bedrooms and 2 baths, featuring an Italianate porch, bay windows, ceiling rosettes, and board & batten paneling.; Garden‑centered grounds with mature fruit trees, edible gardens, raised beds, and multiple patios and garden nooks, plus automatic sprinklers.
    (510) 323-3669
    We can help!
    Listing Contact
    Joshua Dickinson
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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