Previously owned by a painter, the midcentury residence comes with original wood paneling, a dedicated artist’s studio, and bay vistas in three directions.

Set at the top of historic Rose Walk, the lightly updated Arts and Crafts–style residence by Julia Morgan has panoramic views of the San Francisco Bay.

Uncertainty about the job market is also making prospective buyers nervous about making a big purchase. “Buyers are being really choosy,” said Megan Micco, a real-estate agent in Berkeley,…

Designated as a landmark in 1992, the well-preserved residence is a prime example of a 19th-century workman’s cottage.