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2227 Bonar Berkeley, CA 94702
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Key Details
Sold Price $3,225,000
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,280 sqft
Price per Sqft $442
MLS Listing ID EB40979672
Sold Date 04/14/22
Originating Board EBRD
Year Built 1960
Lot Size 8,500 Sqft
Property Sub-Type Five or More Units
Property Description
The 2227 Bonar Street Apartments offer investors the opportunity to acquire a well-maintained, well-situated property with little deferred maintenance and significant upside of NOI in a central Berkeley location. Recent changes to State zoning laws also may allow for the addition of two ADU units in the rear parking area. Located a half mile from North Berkeley BART and just over a mile from I-80, Hwy 24/I-980, I-580 & I-880, the property will attract students and young professionals alike. The subject property offers investors a well-maintained turn-key asset with significant rental upside and a value-add component.
Location
State CA
County Alameda
Area Berkeley Map Area 2
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Linoleum, Carpet - Partial, Tile
Laundry Dryer, Washer, Laundry Facility - Coin-Op, In Laundry Room, Washer/Dryer - Owned
Exterior
Exterior Feature Stucco, Wood Frame, Siding - Wood , Other
Parking Features Spaces per Unit - 1
Garage Spaces 8.0
Building
Lot Description Regular
Sewer Sewer - Public
Water Heater - Gas, Public
Others
Tax ID 561-991-113
Special Listing Condition Not Applicable
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Bought with Davide Pio • CCWBBQD