Berkeley, CA 94710,950 Bancroft Way
Berkeley, CA 94710,950 Bancroft Way
Berkeley, CA 94710,950 Bancroft Way
16
$1,255,000
$1,250,000
0.4%
Est.Price: ?

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5,662 Sqft Lot

950 Bancroft Way Berkeley, CA 94710

Est. payment /mo
SOLD DATE : 10/01/2019

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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

Sold Date 10/01/19

HOA Y/N No

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

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features On Street

Roof Type Tar/Gravel

Building

Lot Description Corner Lot, Street Level

Sewer Shared Septic

Others

Tax ID 5619375

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

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Justin Jenewein

Agent | License ID: 02024855

+1(818) 336-8567

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