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2923 Wheeler St, Berkeley, CA, 94705

--beds
4baths
2,819sqft
$1,495,000
$530price/sqft
$10,863/moest. monthly cost
$434,520/yrincome needed

About This Home

Discover this early 1900s fourplex in a prime Berkeley location, moments from U.C. Berkeley, Elmwood cafés, shops, Berkeley Bowl, Whole Foods, and major transit options. TWO units currently vacant. Four 1BD/1BA units with classic details. Separate PG&E, laundry in unit D, space for laundry in unit C, and off-street parking with potential for future development. Easy access to campus, parks, and the best of Berkeley living. From exploring the renowned Berkeley Farmer's Market to strolling through nearby parks and green spaces, residents delight in the dynamic lifestyle just moments from their doorstep. This fourplex offers a unique investment opportunity in one of the East Bay's most vibrant communities. Ample parking area in back of parcel.

Getting Around

93
WalkingWalker's Paradise
64
TransitGood Transit
98
BikeBiker's Paradise

Schools

8/10
Sylvia Mendez ElementaryGrades K-50.1 mi
10/10
Willard Middle SchoolGrades 6-80.4 mi
9/10
Berkeley High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1910

Materials

  • Construction materials: Stucco,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Dryer,Washer,Gas Water Heater

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bathrooms: 4

Features

  • Shower Stall(s),Tub w/Shower Over
  • Window features: Window Coverings
  • Flooring: Laminate,Tile

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: No Air Conditioning

Interior Area

  • Total structure area: 2,819
  • Total interior livable area: 2,819 sqft

Property

Details

  • Parcel number: 52158221
  • Special condition: Standard

Features

  • Exterior features: Back Yard,Side Yard

Lot

  • Lot size: 5,227 sqft
  • Features: Rectangular Lot

Parking

  • Total spaces: 4
  • Parking features: Off Street,Parking Lot

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Alameda County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,559$90,708
Home Insurance *$267$3,204
Property Taxes $2,433$29,196
Electricity $604$7,253
Total$10,863$130,356
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$372,445/yr
40% on housing$325,890/yr
45% on housing$289,680/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$530This listing

vs Other Active Listings

Avg $/sqft

ZIP 94705$652
Alameda County$497

vs Homes Sold Last Month

Median $/sqft

ZIP 94705$878
Alameda County$664

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-19Listed for sale$1,495,000
2010-05-18Sold$550,000
2009-07-07Sold$318,204
2005-08-16Sold$747,500

For Sale by Agent

AgentCarrie McAlister
BrokerageKW Advisors East Bay

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