NEILSON BERKELEY, CA 94702

Features

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Facts

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Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Rare opportunity to redevelop special 1940s Westbrae property in prime location. Transparent price, flexible below-market owner financing available. Sewer lateral complete; new survey & as-built drawings with CAD and Vectorworks. Grandfathered permit for a 13kw solar system with 20 years of guaranteed NEM2 PG&E solar generation credits at 4x the current lower rates; this creates the perfect opportunity to create an all-electric, highly efficient green-built home. Property is currently gutted to the walls and subfloor, ready to be reimagined to your taste. With convenient access to North Berkeley BART, Monterey Market, Whole Foods, Berkeley Horticultural Nursery, Acme Bakery, GIOIA pizzeria, coffeehouses, bike stores, bagel stores, community gardens, sports courts, parks and much more, the wonderful Westbrae is the ultimate east bay lifestyle location. Currently duplex layout suitable for reformatting as 3/2 owner-occupied home. Two free-standing 10x18 vaulted-roof garage units on the spacious lot provide additional options for flexible uses. This former rental was removed from the Berkeley rental market, and is subject to temporary re-rental restrictions per applicable Berkeley municipal code.