2338 Roosevelt Ave, Berkeley, CA 94703 | MLS #41135263 | PMZ Real Estate
 
  • 42 days on site
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On a quiet, tree-lined block, this turn-of-the-century triplex is being offered for the first time in over a generation — and represents one of the most compelling value-add opportunities Central Berkeley has seen in some time. Two buildings, three substantial units, a 6,500 sq ft lot*, and the kind of layouts that simply aren't built anymore. The front building is a classic two-story duplex with one unit on each level, totaling roughly 2,700 square feet*. The upper unit spans nearly 1,300 sq ft* and offers three bedrooms, a full bath, and a beautifully proportioned turn-of-the-century floor plan flowing from a bay-windowed living room into an oversized formal dining room and an eat-in kitchen. The lower unit mirrors this footprint as a spacious two-bedroom with the same gracious living-dining-kitchen sequence. High ceilings, period millwork, and abundant natural light give both flats a character that modern construction can rarely match. Behind the duplex sits a detached rear cottage perched above a three-car garage and oversized storage — an extraordinary bonus on a Berkeley lot. The cottage is a two-bedroom, one-bath apartment of approximately 720 sq ft* with its own kitchen, living room, and utility/laundry room — ideal as a long-term rental**, in-law unit, or short-term stay. With two units delivered vacant, this is a fantastic opportunity to owner-occupy the upstairs unit and have two rentals helping carry the mortgage in one of the East Bay's most consistently strong rental markets. Roosevelt sits within easy walking distance to downtown Berkeley, North Shattuck shopping, San Pablo Avenue's restaurants and cafés, and BART. UC Berkeley is a short ride away, and the leafy residential streets that surround the property are the kind that you'll never want to leave. Properties of this scale, in this location, with this much room to add value, do not come along often. Bring your contractor, your vision, and your long-term outlook — and step into a Berkeley legacy asset with decades of upside ahead. BESO Score: 7 *Per public record.

Source: bridgeMLS, MLS#: 41135263

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  • Property Type
    Residential Income
  • Lot
    0.15 acres

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  • Median Age
    35
  • Population Density
    16,420
  • College Educated
    76%
  • Estimated Median Income
    $87,114
  • Estimated Total Home Owners
    3,411
  • Estimated Total Renters
    5,206
  • Owner / Renter Divide
    40% / 60%
  • Estimated Average Household Size
    3
  • Total Population
    21,942
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 2338 Roosevelt Ave


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/6/2026Source: CRMLS Status Change
Pending
6/6/2026Source: bridgeMLS Status Change
Pending
5/26/2026Source: bridgeMLS Status Change
Active
5/19/2026Source: CRMLS Added to Database
May 19, 2026
5/19/2026Source: bridgeMLS Added to Database
May 19, 2026
Listing provided courtesy of Red Oak Realty- MLS# 41135263MLS Provider