834 Bancroft Way, Berkeley, CA 94710

Property Description

At 3,273 sq.ft., Berkeley’s 834 Bancroft Way is a fourplex that’s sizable without being unmanageable—great news for any buyer interested in doing their own upkeep. Three of the four four units are currently tenant occupied and generate $11,934 in monthly income. However, one of the four units, a 3-bedroom 2-bath unit, shall be delivered vacant at the end of May, presenting an opportunity for a new tenant or owner-occupancy. The property comes with a host of amenities, including a spacious backyard patio, laundry facilities, and onsite parking for one car per unit. Additionally, the property has been upgraded in numerous ways, such as an entire remodel for Unit B and spot upgrades for the remaining three units. Other upgrades include on-demand water heaters and a new roof installed in 2018. One more thing that’s worth mentioning about this fantastic investment opportunity?—834 Bancroft is next to major employers such as Bayer and Kaiser, ensuring any vacancy will be short lived. It’s also close to Fourth St shopping and popular eateries (including Tomate Café and Viks Chaat) and great public spaces (including Strawberry Creek Park and McLaughlin State Seashore).