Presenting an exceptional opportunity at 1518 Bonita Ave in one of Berkeley’s most sought-after neighborhoods. This well-maintained, tenant-occupied, 6-unit property offers a unique investment opportunity in a highly desirable Gourmet Ghetto neighborhood.

The buildings consist of six spacious and well-appointed units, each with its own charm and character. This property offers (1) 4-bedroom/1.5 bath unit, (4) townhouse styled 2-bedroom/1.5-bath units, and (1) 2-bedroom/1-bath unit. Five of the units contain their own enclosed yards, while the 6th has a spacious balcony to enjoy. There are 6 dedicated parking spaces (4 carport, 2 uncovered) and a coin operated laundry room onsite. Each unit is currently tenant-occupied, offering a steady stream of rental income with an opportunity for future rent adjustments. 

The Gourmet Ghetto is a vibrant and historic neighborhood in North Berkeley, California, known for its rich culinary scene, cultural diversity, and eclectic mix of old and new. The property is within 1 mile of the UC Berkeley campus. With the proximity of the restaurants, shops, public transportation and campus, it’s an attractive location for its residents. 1518 Bonita Ave is in the heart of the city’s thriving community!

With its prime location, strong rental history, and potential for future value appreciation, these multi-unit buildings are the perfect addition to any investor’s portfolio. Don’t miss the chance to own a piece of Berkeley real estate with incredible long-term potential!

INVESTMENT HIGHLIGHTS

Capital Improvements: 2021: New roof on front building installed and unit 2 fully remodeled.  The sewer lateral will be replaced before change of possession.

Improved Income Potential: Average unit rent is over $2,500/month, with a potential to increase 6.6% in the near term. 25% potential upside in gross rents.