Score
0Berkeley, CA
2220 Rose St
395K
4 beds
2 baths
1,890 sqft
4 bd • 2 ba • 1,890 sf
This analysis was generated on 2/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$395,000
Price/Sq.Ft
$209
Year Built
1904
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• The property is located in a desirable area of Berkeley, offering potential for future appreciation. The listing highlights the location as the only positive attribute.
• The lot size (while not explicitly stated) likely offers redevelopment potential, subject to zoning regulations and city approvals.
• The appraiser's valuation of $395,000, despite the property's condition, suggests that the land itself holds significant value.
• The property is located near highly-rated schools, including Berkeley Arts Magnet at Whittier School (9/10), Martin Luther King Middle School (7/10), and Berkeley High School (8/10), potentially increasing its appeal for families.
• Flood risk is minimal (1/10), reducing the likelihood of flood-related damage and insurance costs.
The Bad
• The property requires complete rehabilitation or demolition, resulting in significant upfront costs and extended project timelines. The home inspector's assessment of "nothing to salvage" underscores the severity of the situation.
• The presence of a life estate tenant in the upper unit significantly restricts the owner's control and potential income from that unit. The tenant pays no rent, and the owner is responsible for all utilities.
• The lower unit's rent of $1200 per month is substantially below market value for a 4-bedroom unit in Berkeley, limiting the property's immediate income potential. Market rents for a four-bedroom unit in Berkeley are around $3780 per month.
• The property's extreme air quality risk (9/10) necessitates investments in air filtration systems to mitigate health concerns. Berkeley has 16 bad air days per year.
• The property crime rate in Berkeley is significantly higher than state and national averages (147.8% and 197.1% higher, respectively), raising concerns about security and property value.
The Ugly
• The property has suffered from decades of neglect, resulting in severe structural damage, including a collapsed garage roof and sunroom, and a leaning foundation. The deferred maintenance since 1974 has created a hazardous environment.
• The active water leak has likely caused extensive damage to the property's foundation and framing, potentially leading to mold and rot. The basement and yard have been flooded for decades, exacerbating the problem.
• The estimated monthly utility costs of $2000 are exorbitant and unsustainable, indicating significant inefficiencies in the property's systems. This cost will be borne entirely by the new owner.
• The home inspector's assessment that "there is nothing to salvage" and that the property is a "hazard" underscores the severity of the situation and the potential need for complete demolition.
• The combination of the property's condition and the existing tenants means that "no units [are] to be delivered vacant," creating immediate challenges for renovation or redevelopment.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Seasoned investors or developers specializing in complete property rehabilitation or teardown/rebuild projects. This property requires extensive expertise and capital, making it suitable only for those with a proven track record in similar ventures.
• Buyers seeking a well-located lot in Berkeley for ground-up construction. The property's primary value lies in its location and the potential to build a new home or multi-unit dwelling (subject to zoning regulations).
• Individuals with a high-risk tolerance and access to substantial capital reserves to address the property's numerous structural and environmental issues. The extensive repairs and potential demolition costs necessitate significant financial resources.
Not For
• First-time homebuyers or those seeking a move-in-ready property. This property's extreme disrepair and existing tenant occupancy make it unsuitable for anyone looking for immediate occupancy or a hassle-free purchase.
• Buyers with limited renovation budgets or those seeking financing through traditional mortgage lenders. The property's condition may make it difficult to secure financing, and the extensive repairs will require a substantial financial commitment.
• Individuals uncomfortable with complex legal situations. The life estate held by the upper-unit tenant adds a layer of complexity that requires careful consideration and legal expertise.
Demographics
Area Median Income
$79,808
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jun 17, 1974Anthony Rhodes
Grant Deed
Transfer
Property Taxes
$6,944
2024 Tax Assessment
1.3%from previous year
Assessed Value$115,138
Tax Rate6.03%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
7.0/10
GoodHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,690
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$395,000
Price/sqft
$209
Layout
4 bd•2 ba
Days on market
1 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,501,667
73.7%
Your price is 73.7% below average
Median Price
$1,600,000
75.3%
Based on 6 recent sales
Price per Sq.Ft
$888
76.5%
Your price is 76.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2132 Acton St, Berkeley, CA 94702 | $1,800,000 | 1,583 | 3 | 2 | $1,137444.1% | 1/16/2025 |
| 1032 Keith Avenue, Berkeley, CA 94708 | $1,640,000 | 1,554 | 3 | 2 | $1,055405.0% | 1/16/2025 |
| 1168 Sterling Ave, Berkeley, CA 94708 | $1,170,000 | 1,605 | 3 | 2 | $729248.8% | 12/11/2024 |
| 855 Indian Rock Ave, Berkeley, CA 94707 | $1,600,000 | 1,970 | 3 | 2 | $812288.6% | 10/16/2024 |
| 831 Ensenada Ave, Berkeley, CA 94707 | $1,500,000 | 1,789 | 3 | 2 | $838301.2% | 10/10/2024 |
| 2785 Shasta Rd, Berkeley, CA 94708 | $1,300,000 | 1,725 | 3 | 2 | $754260.6% | 10/16/2024 |
2132 Acton St, Berkeley, CA 94702
Price: $1,800,000
Sq.Ft: 1,583
Beds/Baths: 3/2
$/Sq.Ft:
$1,137444.1%
Sale Date: 1/16/2025
1032 Keith Avenue, Berkeley, CA 94708
Price: $1,640,000
Sq.Ft: 1,554
Beds/Baths: 3/2
$/Sq.Ft:
$1,055405.0%
Sale Date: 1/16/2025
1168 Sterling Ave, Berkeley, CA 94708
Price: $1,170,000
Sq.Ft: 1,605
Beds/Baths: 3/2
$/Sq.Ft:
$729248.8%
Sale Date: 12/11/2024
855 Indian Rock Ave, Berkeley, CA 94707
Price: $1,600,000
Sq.Ft: 1,970
Beds/Baths: 3/2
$/Sq.Ft:
$812288.6%
Sale Date: 10/16/2024
831 Ensenada Ave, Berkeley, CA 94707
Price: $1,500,000
Sq.Ft: 1,789
Beds/Baths: 3/2
$/Sq.Ft:
$838301.2%
Sale Date: 10/10/2024
2785 Shasta Rd, Berkeley, CA 94708
Price: $1,300,000
Sq.Ft: 1,725
Beds/Baths: 3/2
$/Sq.Ft:
$754260.6%
Sale Date: 10/16/2024
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