1619 Cornell Ave Berkeley, CA 94702

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6 beds · 4 baths · 2,940 sq ft · Lot Size: 5,000 sq ft · Multi-Family Home (2 - 4 units) · West Berkeley
Est. Property Value: $1,669,963

High Demand Long-Term RentalGood value per sqftOwned for 15 - 25 YearsOwner Age 65 - 75

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1619 Cornell Ave is in the West Berkeley neighborhood of Berkeley, CA. It is located in Alameda County and ZIP code 94702. This Multi-Family Home (2 - 4 units) was built in 1939 and is approximately 86 years old. The multi-family home (2 - 4 units) spans 2940 sq ft with 6 bedrooms and 4 bathrooms and sits on a 5000 sq ft lot. According to public records, it was last sold in 2005 for $535,000. The West Berkeley area of Berkeley has 23 residential homes with an average size of 2468 sq ft. Analyze and compare real estate investment strategies for properties like this home at 1619 Cornell Ave Berkeley, CA 94702 with Property Intel by Whitepages.

Owners & Occupancy for 1619 Cornell Ave

This property is owned by Maralyn J Jones. Owner contact information includes 6 phone numbers and 1 email address.

Property Owners

Cell Phone(510) ***-****View Cell Phone
Residence************
Landline(561) 499-4582
Distance from Property**********
Email Address*************@yahoo.comView Email

Cell Phone(269) ***-****View Cell Phone
Residence************
Landline(717) 792-9383
Distance from Property**********
Email Address*********@gmail.comView Email
View All Owner Info

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 44
Resident 2***************
Resident 3******************* age 27
Resident 4********* age 71
Resident 5*************** age 75
Resident 6*************** age 71
Resident 7******************

Property Financials for 1619 Cornell Ave

1619 Cornell Ave, Berkeley, CA has a mortgage from Benchmark Lending Grp (orig. September 17, 2021). Alameda county annual taxes are $8,870.

Mortgage & Equity Information

Loan Amount$******
LenderBenchmark Lending Grp
Origination DateSeptember 17, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateAugust 05, 2005
Property Tax Amount$8,870 in 2024
Purchase Price$535,000

Investment Potential for 1619 Cornell Ave

The property has a current estimated value of $1,669,963, which is 3% above the neighborhood median, based on public records. It last sold on August 05, 2005 for $535K. Projected long-term
is $43,800 annually ($3,650 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$43,800 per year($3,650 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
94%in 94702 zip code
 
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Property Details for 1619 Cornell Ave

Property Details

Property Sq Ft

Living Area

2,940 sq ft

19% above market

Lot Size

5,000 sq ft

0% above market

Price Per Sq Ft

Living Area

$568 / sq ft

25% below market

Lot Size Area

$334 / sq ft

3% above market

Property condition, age, exterior, etc. for 1619 Corne…
Longitude: -122.291042 Latitude: 37.875049 Parcel Number (APN): 059-2290-061…

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Discover more multi-family homes near 1619 Cornell Ave in Berkeley, California. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 1619 Cornell Ave in Alameda County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$1,669,963
$812,841
$857,122 (105%)
$*******
$1,233,738
$745,034 (60%)
YoY Price Change
—
—
—
Year Built
1939
1949
-10 years
Living Space
2,940 sq ft
2,386 sq ft
554 (23%)
$ Per Living Sq Ft
$568
$377
$191 (51%)
Lot Size
5,000 sq ft
6,741 sq ft
-1741 (-26%)
$ Per Lot Sq Ft
$334
$130
$204 (157%)

Net Operating Income
$*****
$25,951
-$8,924 (-34%)
Annual Revenue
$43,800
$44,400
-$600 (-1%)
$*****
$15,760
$11,013 (70%)
Net Operating Income
$*****
$25,951
-$8,924 (-34%)
Cap Rate
****%
2.78%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 6-Bed Multi-Family Home (2 - 4 units) Medians

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