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Berkeley, CA 94710,950 Bancroft Way
Berkeley, CA 94710,950 Bancroft Way
Berkeley, CA 94710,950 Bancroft Way
$1,255,000
Est. payment /mo
$1,250,000
0.4%
Est.Price: ?

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5,662 Sqft Lot
SOLD DATE : 10/01/2019

Key Details

Sold Price $1,255,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 40876437

Year Built 1946

Lot Size 5,662 Sqft

Property Description

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.

Location

State CA

County Alameda

Interior

Heating Natural Gas, Wall Furnace

Flooring Carpet, Tile, Vinyl

Exterior

Parking Features On Street

Roof Type Tar/Gravel

Building

Lot Description Corner Lot, Street Level

Sewer Shared Septic

Others

Acceptable Financing Conventional

Listing Terms Conventional

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California Regional MLS (CRMLS)
Listed by BERUZ JALILI • OCEAN VIEW REAL ESTATE
Bought with NOLAN JONES • THE PRESCOTT COMPANY
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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