Multifamily Estate with Historic
1418 Spruce St Berkeley, CA 94709
1418 Spruce St, Berkeley, CA, 94709
$1,998,000
Pending
For Sale
$1,998,000
Pending
MULTI_FAMILY - Berkeley, CA
Property Size3,894 SF
Lot Size0.28 Acres
Days on Market47
Property Features for 1418 Spruce St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 7, Basement, Bedroom 1, Bedroom 8, Bedroom 6, Bedroom 4, Bedroom 5
- 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
- Pending
- 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
- Vinyl, Hardwood, Laminate, Tile
- Building materials
- Stucco, Wood Siding
Listing Agency
KW Advisors East Bay
(510) 775-1079
4937 Telegraph Ave. Ste.# A, Oakland, CA
Listed by
Joshua Dickinson
(510) 323-3669
Added: Jun 3 Checked: Jul 19 at 5:06 am
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.
Investment Insights
Based on property information with market context.
Set within a garden-centered North Berkeley estate, this multifamily property centers on an 1885 Victorian main residence featuring soaring ceilings, an Italianate porch, bay windows, ceiling rosettes, and board-and-batten paneling. The main home includes a spacious 3-bedroom, 2-bath upper residence, along with a separate 2-bedroom lower-level unit suited for guests, extended family, rental income, or workspace.
Rounding out the estate are three 1920s Berkeley bungalow-style cottages with stucco exteriors and small porticos, each offering its own privacy and indoor-outdoor connection. Additional flexible space is provided by a rear carriage house that retains its history as a converted garage, with wooden swing-out doors on the facade. Mature landscaping, mature fruit trees, edible gardens, raised beds, and multiple private patios help connect the residences.
Home Energy Score of 8. Located at 1418 Spruce St, Berkeley, CA 94709, the property is described as being moments from North Berkeley’s shops and cafes.
Rounding out the estate are three 1920s Berkeley bungalow-style cottages with stucco exteriors and small porticos, each offering its own privacy and indoor-outdoor connection. Additional flexible space is provided by a rear carriage house that retains its history as a converted garage, with wooden swing-out doors on the facade. Mature landscaping, mature fruit trees, edible gardens, raised beds, and multiple private patios help connect the residences.
Home Energy Score of 8. Located at 1418 Spruce St, Berkeley, CA 94709, the property is described as being moments from North Berkeley’s shops and cafes.
Key Highlights
- 1885 Victorian main residence with Italianate porch, bay windows, ceiling rosettes, and board‑and‑batten paneling
- Main home offers a 3‑bedroom, 2‑bath upper residence plus a separate 2‑bedroom lower‑level unit
- Additional flexible spaces include three 1920s Berkeley bungalow‑style storybook cottages and a rear carriage house (converted garage)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.1k | $38.04 |
| − Vacancy | −$7.4k | −$1.90 |
| EGI | $140.7k | $36.14 |
| − OpEx | −$63.3k | −$16.26 |
| NOI | $77.4k | $19.88 |
3,894 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$967.5K – $1.29M
NOI $77,397 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,418 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Michael James Reid ...
Business Management Consultant
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FAQs
What type of property is this?
Apartment building - A 1885 Victorian main residence plus independent cottages and flexible living spaces within a garden-centered North Berkeley estate.
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: 1885 Victorian main residence with Italianate porch, bay windows, ceiling rosettes, and board‑and‑batten paneling; Main home offers a 3‑bedroom, 2‑bath upper residence plus a separate 2‑bedroom lower‑level unit; Additional flexible spaces include three 1920s Berkeley bungalow‑style storybook cottages and a rear carriage house (converted garage)
