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$5,549,000
Est. payment /mo
14,380 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 14,380 sqft
Price per Sqft $385
Subdivision Berkeley
MLS Listing ID 41151589
HOA Y/N No
Year Built 1960
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Apt Complex
Property Description
Showing: Sunday 10/18 from 1:00-3:00pm. 16-unit apartment complex spread across two 8-unit buildings (2223-2227 Bonar St) with strong current income and excellent rental upside. The unit mix is ideal, offering ten 3bd/1bth units and six 2bd/1bth units. The properties were built in 1960, offer a combined building size of 14,380 square feet, and a combined lot size of 17,000 square feet, with gated, off-street parking for all the tenants. Many of the units have been fully remodeled and offer new kitchens, new bathrooms, new wood flooring, double pane windows, custom lighting and tile, mature landscaping, new fences, upgraded electrical and plumbing, newer exterior and interior paint, and more. The property is easy to manage and is separately metered for water and PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The property is ideally located in Berkeley's desirable Poet's Corner/West Berkeley area, offering tenants easy access to popular restaurants, coffee shops, shopping centers, grocery stores and BART. The neighborhood is highly walkable and exceptionally bike-friendly, providing easy access diverse selection of restaurants, cafés, and markets. Residents also enjoy convenient access to Berkeley's popular Fourth Street shopping and dining district, approximately one mile away, along with Downtown Berkeley and the UC Berkeley campus.
Location
State CA
County Alameda
Rooms
Basement Other
Interior
Heating Wall Furnace, Other
Cooling Other
Flooring Carpet, Wood, Other
Fireplace No
Exterior
Total Parking Spaces 16
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 56199118
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Listed by David Howarth • The Pinza Group, Inc
NEARBY SCHOOL & BUSINESS
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