Bought with Pedram Karbassi • Bay's Elite Investments
$1,470,000
$1,500,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
2455 Bonar St Berkeley, CA 94702
2,520 SqFt
Key Details
Sold Price $1,470,000
Property Type Commercial
Sub Type Garden Apts
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $583
MLS Listing ID 40862398
Sold Date 08/06/19
HOA Y/N No
Year Built 1921
Lot Size 4,311 Sqft
Property Sub-Type Garden Apts
Source Bridge AOR
Property Description
Karbassi Multifamily Group is delighted to present to new or seasoned investors this eclectic and elegant 8 unit Santa Fe design apartment building in Poet's Corner district of Berkeley.The building grosses about $131k per annum,all studios, washer & dryer owned, low maintenance traditionally, easy to self-manage, 30+% potential upside, possibly 3 storage spaces may be added to studios above for additional sqft (check with City), no off-street parking with ample street parking; 5 min bike ride to N Berkeley BART & 4th St downtown, 5 min drive to hwy 80 for a 20 min commute to downtown SF. 15 min bike ride to campus, 3 min walk to transit to take you to campus. These units get rented back to back no matter the time of the year and demand top $$$. The owner has not obtained any reports. Building is being sold in its AS-IS and where is condition. Owned by same owner 30+ yrs.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Linoleum
Fireplace No
Appliance Free-Standing Range, Refrigerator, Washer
Laundry Laundry Equip - Owned
Exterior
View Other
Handicap Access Other
Building
Lot Description Corner Lot, Level, Regular
Water Public
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