Triplex with Terraced
New
For Sale
$1,250,000
1571 Scenic Ave, Berkeley, CA 94708
Residential Income, Berkeley, CA
Property Size3,230 SF
Lot Size0.14 Acres
Price / SF$386
Days on Market3
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Property Features for 1571 Scenic Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1H
Bedrooms
4
Rooms
Basement, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Parking
1
Parking features
Off Street
Window features
Double Pane Windows
Interior features
Storage Area(s), Shower Stall(s), Tub w/Shower Over
Exterior features
Garden
Fireplace
1
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
NORTH BERKELEY
Lot features
Sloped Up, Garden, Paved
Standard status
Active
APN
59225122
Size
3,230 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Fireplace(s), Forced Air, Electric (Heating)
Water source
Public
Amenities
terraced garden
Building Details
Year built
1924
Flooring type
Vinyl, Hardwood, Carpet, Laminate, Tile
Building materials
Stucco, Frame
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Added: Oct 13
Last Checked: Oct 15 at 1:06PM
MLS# 41151089
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.
Built in 1924, this Berkeley triplex contains 3,230 square feet across three residences, each with a separate entrance. The upper apartment is vacant and measures 1,433 SF across two levels, with two bedrooms, an office, 1.5 baths, a fireplace, skylit dining room with built-ins, in-unit laundry, and a private balcony. Vaulted wood ceilings extend across its upper floor. The other two apartments each have one bedroom. The property also includes a terraced garden and off-street parking, on a 0.135-acre lot zoned R-1H.
The home sits on a tree-lined hillside block in North Berkeley between North Shattuck and the UC Berkeley campus. Public water and sewer serve the property.
The home sits on a tree-lined hillside block in North Berkeley between North Shattuck and the UC Berkeley campus. Public water and sewer serve the property.
Key Highlights
- Three‑residence property totaling 3,230 square feet
- 0.135‑acre lot zoned R‑1H
- Vacant upper residence offers 1,433 SF over two levels, with two bedrooms, an office, and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,305
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,100
$1.5M
Cap Rate 7%
$1,047,214
$1.0M
Cap Rate 9%
$814,500
$814.5K
Market Conditions
NOI Build-Up for 3,230 SF
Gross rent
$110.5K $34.20/SF
− Vacancy
−$5.7K −$1.78/SF
EGI
$104.7K $32.42/SF
− OpEx
−$31.4K −$9.73/SF
NOI
$73.3K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,100
Cap Rate 7%
$1,047,214
Cap Rate 9%
$814,500
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$916.3K – $1.22M
NOI $73,305 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$917.1K
$802.5K – $1.07M
NOI $64,199 @ 7.0% cap · market cap 5.14%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,443 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 94708, CA
11,553
Population
5,048
Households
2.3
Avg Household Size
51
Median Age
88%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
3,501
Density / Sq Mi
$229,004
Median Household Income
$104,449
Median Earnings
$2,926
Median Rent
$1,517,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct entrances serve a 1924 property with a two-level upper residence and two one-bedroom apartments.
Where is this triplex located?
The property is located at 1571 Scenic Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑residence property totaling 3,230 square feet; 0.135‑acre lot zoned R‑1H; Vacant upper residence offers 1,433 SF over two levels, with two bedrooms, an office, and 1.5 baths
