Properties

Comm Ri Multi-units 5+ For Sale

2,520 Sqft - 2455 Bonar St, BERKELEY, California 94702

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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.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40862398
Price : $1,500,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 2,520 Sqft
Year Built : 1921
Lot Area : 0.10 Sqft
Features
Heating System : Wall Furnace
Basement : Storage Area
View : Other
Roof : Other
Address Map
Country : US
State : CA
County : Alameda
City : BERKELEY
Zipcode : 94702
Street : Bonar St
Street Number : 2455
Floor Number : 0
Longitude : W123° 42' 51.5''
Latitude : N37° 51' 42.6''
MLS Addon
Office Name : BAY'S ELITE INVESTMENTS
Building Type : Garden Apts
Area : Berkeley Map Area 2
Address : 2455 Bonar St
Cross Street : Dwight
Directions to Property : Off Dwight b/w SacrmntoSanPablo
LA1User Code : R01351640
LA1Agent First Name : PEDRAM
LA1Agent Last Name : KARBASSI
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 8
List $/SqFt : $595
Age : 98
Apx Lot Sq Ft : 4,311 Sqft
Type of Building : Apt Complex
Annual Taxes : $0
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio
ALL UNITS HAVE : Oven Range Free Standing, Refrigerator
DISABLED FEATURES : Other
EQUIPMENT ADDITIONAL : Washer
EXTERIOR : Wood Frame, Stucco & Stone
FLOORING : Linoleum, Hardwood Floors
LOT DESCRIPTION : Level, Regular, Corner
ON-SITE PARKING DESC : No Parking On Site
OPERATING EXPENSES : Other
SEPARATE METERS : Electric, Gas
TENANT PAYS : Electric, Gas, Water, Trash
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Laundry Equip - Owned
Census Tract : none
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $150,000,000
Sold Price : $1,470,000
Previous Price : $150,000,000
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40862398
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 2,520 Sqft
$1,500,000
Agent info
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