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Listed by David Howarth, DRE #01360348 • The Pinza Group, Inc
$ 5,549,000
Est. payment /mo
New
2223 Bonar St Berkeley, CA 94702
5 Beds
2 Baths
14,380 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 14,380 sqft
Price per Sqft $385
MLS Listing ID EB41151589
Bedrooms 5
Year Built 1960
Lot Size 0.390 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
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,
Location
State CA
County Alameda
Area Berkeley Map Area 7
Interior
Heating Wall Furnace
Cooling Other
Flooring Other, Carpet - Wall to Wall, Wood
Exterior
Exterior Feature Other
Parking Features Parking Area
Garage Spaces 16.0
Roof Type Other
Building
Lot Description Other
Others
Tax ID 56-1991-1-8
Special Listing Condition New, Not Applicable
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