1316 Bonita, Berkeley

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7 units in prime North Berkeley Neighborhood

 

 


offered at $825,000

SOLD: 9/14/2003

 

 

 

 


Investment Opportunity

Well built 60's building in coveted North Berkeley neighborhood - close to everything people love about Berkeley: Gourmet ghetto, University of California, downtown BART, Solano shopping district, and more. An excellent beginning or trade-up investment.

 

PROPERTY DESCRIPTION:

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Quiet street and neighborhood

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7-units total

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(4) 2-bedrom, 1-bath units

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(2) 2-bedroom, 1-1/2 bath units

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(1) 3-bedroom townhouse-style (2-story) front unit

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3-bedroom unit has private patio

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The two back units have private decks

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Hardwood floors throughout

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Each unit has its own gas central forced-air heating system

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7 off-street parking: 4 carports, 3 open spaces.

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Coin laundry facilities on the premises

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Large storage bins for each unit

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Lot size = 8,100 s.f. *

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Total living space = 6,076 s.f. *

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Mitts Termite control report (8/6/2003) available.

* Estimate from public records not verified.
 

INCOME

$75,430  -- Annual income (actual rents, including laundry income, not projected. Fully occupied, no vacancies.)
10.94 -- Gross rent multiplier

SALE INFORMATION

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Please be respectful of tenants' rights: DO NOT DISTURB TENANTS under any circumstances.

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One or two units will be made available for a one-time only viewing prior to submitting offers, on Monday, August 11, between 5 and 6 PM. This will be the only opportunity for viewing prior to the review of offers. All offers should be written subject to inspection of the interior of all the units.

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Some time on Monday August 11, complete disclosure packages will be available to download at www.ortc.com. To download, go to the box on the right column that says “View Disclosures” and enter the number d03027223.

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Offers should be submitted to me at Red Oak Realty, Solano office, on Wednesday, August 13, 2003, 12 noon.

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This property is to be sold contingent upon simultaneous 1031 tax deferred exchange now in escrow. Details upon request.

FINANCING INFORMATION

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Financing is available with 35% or more down payment.

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Complete income/expense information upon request via e-mail through this web site, click e-mail icon below.  Data sheet can be e-mailed or faxed to you.

DIRECTIONS TO PROPERTY

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Martin Luther King Jr. Way to Berryman (east) to Bonita (south).

For an Expedia map, click on the link below:

1316 Bonita Ave, Berkeley, CA, 94709

Bob Blumberg
Red Oak Realty 
1891 Solano Avenue
Berkeley, CA 94707
510-527-0344

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