Mixed-Use Fixer Fourplex in West Berkeley – 1027 Bancroft Way -$1,095,0000
Welcome to 1027 Bancroft Way, a fully vacant, mixed-use, fixer fourplex located in West Berkeley situated on a huge 8,000 square foot lot. According to the City of Berkeley, as of January 20, 2017, the legal status of the property is three units on the top floor and a commercial unit on the bottom. Built in 1906, the property has clearly gone through a significant number of layout configurations. The top floor is currently configured as roughly two units and the bottom floor is a large commercial unit divided into two spaces. There are plenty of off-street parking spaces: on one side of the property is a two-car garage and the other is an automatic gate which opens to a very large backyard. During the age of COVID, take advantage of the huge outdoor space that this property offers. Developers and contractors are encouraged to explore its potential. The property is in need of significant work, but it will be a gem upon completion of renovations. Nearby you’ll find yourself enjoying all of the shopping and dining options of the area including a short 15-minute walk to popular Fourth Street.
Boasting a “Walker’s and Biker’s Paradise” score of 95, a little over a mile to North Berkeley BART and to the I-80 on-ramp at University Avenue, and one block to plenty of AC Transit lines along San Pablo Avenue, this highly coveted West Berkeley location is ideal for renters and homeowners alike!
FEATURES
Terrific development opportunity
Fully vacant fourplex
4 units (Three Residential, One Commercial)
Ample Parking: Two-Car Garage and Huge Backyard
OVERVIEW
Sale Price: $1,095,000
$258/SqFt
Building 4,241 SqFt
Lot 8,000 SqFt
Built 1906
