A rare opportunity to own a corner property in one of the most sought after neighborhoods in west Berkeley . This 3069 SF fourplex sitting on a 5500 SF lot consists of two 2bedroom one bath and two 1bedroom one bath. There are four off street parking stalls on the 9th street side and a long drive way with space for two cars parked at tandem on the Bancroft side. A large common area back yard with fruit trees enhances the ambiance and gives the feeling of private residence to each tenant .Property has a new roof and been well maintained. it is offered at 14.6 GRM and 4.3 current cap rate . This property has an enormous upside potential with a potential proforma Cap rate of 7.1.
Off market
Zestimate®
$1,430,500
950 Bancroft Way, Berkeley, CA 94710
6beds
4baths
3,069sqft
MultiFamily
Built in 1946
-- sqft lot
$1,430,500 Zestimate®
$466/sqft
$5,127 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Wall, Gas
Cooling
- Central
Appliances
- Laundry: Other
Features
- Flooring: Tile, Linoleum / Vinyl
Interior area
- Total interior livable area: 3,069 sqft
Property
Parking
- Total spaces: 6
Features
- Exterior features: Stucco
- Fencing: Fenced
Lot
- Size: 5,501 sqft
- Features: Level, Corner Lot
Details
- Parcel number: 5619375
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
Condition
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Berkeley
HOA & financial
Other financial information
- Total actual rent: 7040
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Flooring: Tile, Vinyl
- Heating: Gas, Wall Furnace
- Roof: Tar/Gravel
- HeatingYN: true
- NumberOfUnitsTotal: 4
- ConstructionMaterials: Stucco
- LeaseTerm: 12 Months
- Fencing: Fenced
- LotFeatures: Level, Corner Lot
- ExteriorFeatures: Back Yard, Garden
- ParkingFeatures: Tandem, Off Street
- MaintenanceExpense: 0
- TenantPays: Electricity, Gas, Water
- Appliances: Gas Water Heater
- InsuranceExpense: 0
- LaundryFeatures: Other
- GrossScheduledIncome: 0
- ProfessionalManagementExpense: 0
- RentControlYN: true
- VacancyAllowance: 0
- ExistingLeaseType: Security Deposit, Written Agreement
- Cooling: No Air Conditioning
- CoListAgentFullName: Benjamin Bahr
- TotalActualRent: 7040
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Estimated market value
$1,430,500