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Listed by David Howarth, DRE #01360348 • The Pinza Group, Inc

$ 5,549,000

Est. payment | -/mo

5 Beds

2 Baths

14,380 SqFt

Save

$ 5,549,000

Est. payment | -/mo

Save

5 Beds

2 Baths

14,380 SqFt

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

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 conveni

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 Not Applicable

Schools and Properties Nearby

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1400 S International Parkway Suite 1020, Lake Mary, FL 32746, USA

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2223 Bonar St Berkeley, CA 94702