8-Unit Apartment
For Sale
$2,100,000
2207 Bonar St, Berkeley, CA 94702
Well-maintained eight-unit property with strong occupancy and convenient access to shopping, dining, and public transit.
Property Size7,100 SF
Days on Market141
Property Features for 2207 Bonar St
General Information
Standard status
Active
Size
7,100 SF
Property subtype
5 or More Units
Occupancy
88%
Additional Details
Multifamily Units
8
Building Details
Building Size
7,100 SF
Year Built
1961
Listing Agency:
Golden Gate Sotheby's International Realty
Listed By:
Tracy Zhou
(415) 503-7363
Source:
Annnewtoncane
Added: Jun 4
Changed: Oct 15
Last Checked: Oct 21 at 6:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Golden Gate Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This offering features an 8-unit apartment building in a residential income property format. The property is described as well maintained and is currently 87.5% occupied, with only one vacant unit. Reported current gross monthly income is approximately $10,343.18.
Located in Berkeley with easy access to popular restaurants, cafés, and shops, the building also offers proximity to public transportation. Reported mobility scores include a BikeScore of 95, a WalkScore of 86, and a TransitScore of 64.
For buyers or investors seeking a smaller multifamily asset, this configuration can support straightforward management given the mostly occupied status. With just one unit currently available, operations may be positioned to focus on re-leasing that vacancy while continuing to collect income from the remaining occupied units. The building’s upkeep and day-to-day income profile may appeal to those looking to acquire a stable, income-producing property.
Located in Berkeley with easy access to popular restaurants, cafés, and shops, the building also offers proximity to public transportation. Reported mobility scores include a BikeScore of 95, a WalkScore of 86, and a TransitScore of 64.
For buyers or investors seeking a smaller multifamily asset, this configuration can support straightforward management given the mostly occupied status. With just one unit currently available, operations may be positioned to focus on re-leasing that vacancy while continuing to collect income from the remaining occupied units. The building’s upkeep and day-to-day income profile may appeal to those looking to acquire a stable, income-producing property.
Key Highlights
- 8‑unit property built in 1961
- Currently 87.5% occupied with one vacant unit
- Approx. $10,343.18 in current gross monthly income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,119
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,822,380
$2.8M
Cap Rate 7%
$2,015,986
$2.0M
Cap Rate 9%
$1,567,989
$1.6M
Market Conditions
NOI Build-Up for 7,100 SF
Gross rent
$270.1K $38.04/SF
− Vacancy
−$13.5K −$1.90/SF
EGI
$256.6K $36.14/SF
− OpEx
−$115.5K −$16.26/SF
NOI
$141.1K $19.88/SF
Area
Berkeley, CA
Vacancy
5.00%
Lease Rate
$38.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,822,380
Cap Rate 7%
$2,015,986
Cap Rate 9%
$1,567,989
Alternative Uses
Best Use
Apartment 5plus
$2.02M
$1.76M – $2.35M
NOI $141,119 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.75M
$2.40M – $3.20M
NOI $192,211 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
8
Residential units
87.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,379
Businesses Nearby
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Business Placement
Demographics for 94702, CA
17,637
Population
8,209
Households
2.1
Avg Household Size
39
Median Age
65%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
13,567
Density / Sq Mi
$99,135
Median Household Income
$66,516
Median Earnings
$1,974
Median Rent
$1,168,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained eight-unit property with strong occupancy and convenient access to shopping, dining, and public transit.
Where is this apartment building located?
The property is located at 2207 Bonar St Berkeley, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8‑unit property built in 1961; Currently 87.5% occupied with one vacant unit; Approx. $10,343.18 in current gross monthly income
