Property Overview:
1422 Milvia St is a multi-family home in North Berkeley, CA 94709, built in 1907. It features 4 bedrooms, 4 bathrooms, a 2,312 sq. ft. living area, and sits on a 6,075 sq. ft. lot. The property includes a parking garage, hardwood floors throughout, and a large backyard with development potential. Two of the four units are vacant and move-in ready. Recently sold for $1,080,000 (08/31/2020). Average sale price for similar homes: between $1,388,895 and $1,710,043.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 14.2% (higher than state average of 11.8%).
- Property crime risk: 16.9% (higher than state average of 10.8%).
- Moderate overall crime risk; 4 criminal and sex offenders within 1 mile.
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Schools:
- Nearby schools: Berkeley Arts Magnet at Whittier, Martin Luther King Middle, Oxford Elementary, Berkeley High.
- Average SAT score: 1112 (higher than state average of 975).
- Schools are considered very good.
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Job Market:
- 76.5% white-collar jobs, 23.5% blue-collar jobs.
- Unemployment rate: 2.9% (lower than state average of 4.7%).
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Demographics:
- Community population: 9,949 (12.8% growth since 2000).
- 30.3% families with children.
- Largest age group: 20-24 years (23.98%), second largest 25-34 years (23.41%).
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Natural Disaster Risk:
- Very high earthquake risk.
- Very low tornado risk.
- Minimal flood risk.
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Weather:
- Average temperature: 44.6°F (January), 75.4°F (July).
- Average rainfall: 29.1 inches/year.
- No snowfall.
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Cost of Living:
- Median household income: $58,772.
- Average annual spending: $47,749.
Property Features:
- 4 units (multi-family), all delivered vacant for immediate rental or owner occupancy.
- 2 units upgraded with quartz countertops and shaker cabinets.
- Hardwood floors throughout.
- Large backyard with development potential.
- Each unit separately metered for gas and electricity.
- Laundry room on premises.
- Appliances included.
- Parking garage.
Location Benefits:
- Highly desirable North Berkeley location.
- 10-minute walk to UC Berkeley, Shattuck Avenue, University Avenue, and the Gourmet Ghetto.
- Prime for investment or personal use.
- Contact listing agent: 424-420-6650.