1718 Bancroft Way, Berkeley, CA 94703

Property Description

Discover this unique mixed-use property located in the heart of Berkeley and its great income and use potential. This building offers a combination of residential and commercial spaces, featuring three residential income units on the second level, (all delivered vacant) and three commercial/retail spaces at street level. The residential units are two 1-bedroom units and 1 2-bedroom with a notable feature: a spacious second-level loft accessible by an interior staircase in the unit. The size and presence of this loft allow the unit to function more like a 2-bedroom unit, potentially attracting higher rental income. It is move-in ready with fresh interior paint, new carpeting and refinished wood floors. Directly below this unit are commercial spaces, offering a degree of convenience for those considering a build-out of the commercial units. The commercial spaces have storefront facades, high ceilings, and natural light a shared bathroom and kitchenette. The third commercial unit is occupied by a long-term business (since 1990). The building showcases the character, charm, and quality craftsmanship typical of the early 1900s and is just blocks from downtown Berkeley.