Seller's Agent in 2022
Nathaniel Reinke
Kw Advisors East Bay
(415) 710-7284
1 in this area
6 Total Sales
The 2227 Bonar Street Apartments offer investors the opportunity to acquire a well-maintained, well-situated property with little deferred maintenance and significant upside of NOI in a central Berkeley location. Recent changes to State zoning laws also may allow for the addition of two ADU units in the rear parking area. Located a half mile from North Berkeley BART and just over a mile from I-80, Hwy 24/I-980, I-580 & I-880, the property will attract students and young professionals alike. The subject property offers investors a well-maintained turn-key asset with significant rental upside and a value-add component.
Last Agent to Sell the Property
Kw Advisors East Bay License #01916819 Listed on: 02/01/2022
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Off Market | $3,225,000 | -- | -- |
| 04/14/2022 04/14/22 | Sold | $3,225,000 | -0.8% | $443 / Sq Ft |
| 03/25/2022 03/25/22 | Pending | -- | -- | -- |
| 02/01/2022 02/01/22 | For Sale | $3,250,000 | -- | $446 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $52,530 | $3,050,000 | $800,000 | $2,250,000 |
| 2024 | $52,530 | $3,355,290 | $832,320 | $2,522,970 |
| 2023 | $51,446 | $3,289,500 | $816,000 | $2,473,500 |
| 2022 | $45,725 | $2,830,947 | $1,113,004 | $1,717,943 |
| 2021 | $45,812 | $2,775,458 | $1,091,188 | $1,684,270 |
| 2020 | $43,238 | $2,750,040 | $1,080,000 | $1,670,040 |
| 2019 | $35,035 | $2,175,040 | $1,200,000 | $975,040 |
| 2018 | $29,605 | $1,741,708 | $436,968 | $1,304,740 |
| 2017 | $28,517 | $1,708,020 | $428,400 | $1,279,620 |
| 2016 | $27,387 | $1,675,000 | $420,000 | $1,255,000 |
| 2015 | $25,766 | $1,549,477 | $556,684 | $992,793 |
| 2014 | $23,404 | $1,327,358 | $325,000 | $1,002,358 |
Seller's Agent in 2022
Nathaniel Reinke
Kw Advisors East Bay
(415) 710-7284
1 in this area
6 Total Sales
Buyer's Agent in 2022
Davide Pio, CCIM
Bcre
(510) 222-0900
1 in this area
36 Total Sales
Source: bridgeMLS
MLS Number: 40979672