2501 Rose Walk, Berkeley, CA 94708

This impressive complex is composed of nine units: four duplexes and one cottage, designed by Henry H. Gutterson in consultation with renowned architect Bernard Maybeck. Designed in 1924, the complex was built in stages and completed in 1936. The complex was designated a Berkeley Landmark in 1991. It now enjoys the remarkable tax advantages of a Mills Act Agreement for the preservation of historic properties. The complex has had electrical and heating system upgrades, and each unit is separately metered, with tenants paying directly for electricity and gas usage.

This unique complex is ideal for buyers with vision! Experience pride of ownership now, with many options for upside in revenue, including further enhancements, and more active rental management of this one-of-a-kind treasure!

The five structures that comprise this property were designed as part of an integrated urban community of single and multi-family residences bordering a pedestrian path, and facing "an immense garden with nothing to show that it is not all one owned by each." (B. Maybeck)

The four duplexes each contain two single-floor units used as two-plus bedroom, one bath residences. Each duplex is unique in design, and set apart from the others so as not to encroach on views. These handsome structures are distinctive for their integrated-color stucco, vertical wood siding, salmon colored trim and original tile roofs. The duplexes are nestled along a lush garden that borders Rose Walk, the handsome public pathway designed by Bernard Maybeck in 1913.

While unique, all units enjoy original hardwood floors, fireplaces, wooden windows with vintage custom hardware and individual architectural details. Most units include sun porches used as offices or studios, while others enjoy private balconies or decks. Many of the kitchens have been tastefully updated with new counters and appliances.

Completing the complex is a cottage of all-wood interior and exterior, with its own spacious redwood deck with carved railings, that sits atop a three-bay garage. The complex has a total of nine garages, all located along Codornices Road. Most of the garages are rented as a separate source of income. For detailed rental and financial information, please contact the listing agent, Arlene Baxter.

Location

Residents enjoy the ultimate location for a convenient urban life: located within blocks of UC Berkeley and a block from the beautiful Rose Garden and Codornices Park; buses stop in front of the property, and easily make connections to the campus, downtown Berkeley, and from the BART station anywhere in the Bay Area.

Details

According to public records, the total square footage of the buildings is 9044. Interior size of the duplex units range from 822 to 1138* sq. ft; the cottage occupies 688 sq. ft. The property consists of two parcels totaling 20,000 square feet**.

Rental demand has always been high, and occupancy is usually 100%. One unit and one garage are being kept vacant to provide easy viewing, as well as an option for the buyer to either use it, or choose their own tenant. Three units are occupied by tenants who have been in residence for less than five years, and there are three longer-term tenants. Two of those units have rental rates substantially below market.

Upper units all have lovely views, and their stairwells provide an additional sense of spaciousness; they tend to have greater demand as a result.

A coin-operated shared laundry room generates additional income. The vacant unit enjoys the advantage of its own washer/dryer hookups.

*according to survey measurements **according to public records

Neither the agent, broker nor the seller have measured any portion of the property. All buyers are advised to conduct any and all measurements, inspections and investigations they deem appropriate in order to make their own assessments of the size, status, condition and value of the property. Buyers are advised to use professionals of their choice to provide independent information on which they base their evaluations of any aspects of this property. Neither the agent nor The Agency make any warranty or representation regarding the completeness or accuracy of information included within these descriptions.