2223 Bonar St, Berkeley, CA 94702
2223 Bonar St, Berkeley, CA 94702
2223 Bonar St, Berkeley, CA 94702
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Listed by David Howarth • The Pinza Group, Inc • 510-725-4775
$5,549,000
Est. payment /mo
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14,380 SqFt
New

2223 Bonar St Berkeley, CA 94702

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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

Property Sub-Type Apt Complex

Source Bridge AOR

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

Interior

Heating Wall Furnace, Other

Cooling Other

Flooring Carpet, Wood, Other

Fireplace No

Building

Lot Description Other

Water Public

Others

Special Listing Condition Standard


Bay East Association of Realtors

NEARBY SCHOOL & BUSINESS

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Max Manatt

Max Manatt

Agent License ID: 01957416

+1(925) 980-3375

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2223 Bonar St