1518 Bonita Ave 6 Unit Apartment Building $3,356,515 CAD ($559,419 CAD/Unit) 5.50% Cap Rate Berkeley, CA 94709
INVESTMENT HIGHLIGHTS
- Located in Berkeley's Gourmet Ghetto neighborhood
- Well maintained, steady flow of income.
- Unit 2 was recently remodeled.
EXECUTIVE SUMMARY
An exceptional opportunity to own a well maintained, fully occupied 6-unit property in the highly desirably Gourmet Ghetto of Berkeley. It's located within minutes from UC Berkeley, public transportation, and a variety of shops and restaurants. This property is made up of (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. There are 6 dedicated parking spaces and a coin operated laundry room onsite. The property produces a strong and steady stream of rental income with an opportunity for future rent adjustments. Please visit our website for additional information and photos. www.1518bonita.com
DATA ROOM Click Here to Access
- Third Party Reports
- Title and Insurance
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
| Price | $3,356,515 CAD |
| Price Per Unit | $559,419 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 13.27 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 5,984 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Zoning | R-2A |
AMENITIES
UNIT AMENITIES
- Balcony
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Freezer
- Skylights
SITE AMENITIES
- 24 Hour Access
- Storage Space
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+1.5 | 1 | $6,229 CAD | 1,412 |
| 2+1 | 1 | $4,014 CAD | 828 |
| 2+1.5 | 4 | $2,870 CAD | 936 |
1 of 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 059-2268-011-01 | Total Assessment | $327,049 CAD |
| Land Assessment | $135,411 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $191,638 CAD | Tax Year | 2024 |
CONTACT
-
Timothy Yuen - C Yuen Realty & Investments
